JM Financial announced a 16% YoY increase in consolidated PAT to Rs. 270 crore for Q2FY26. The company also declared an interim dividend of Rs. 1.5 per share. Key highlights include record quarterly fees and commission income, wealth management expansion, and growth in mutual fund and affordable home loan AUM.
Financial Performance Highlights
JM Financial reported strong financial results for the second quarter of fiscal year 2026:
- Consolidated PAT of Rs. 270 crore, a 16% YoY increase.
- Interim dividend declared at Rs. 1.5 per share.
- Highest-ever quarterly fees and commission income at Rs. 341 Cr, up by 20% YoY.
Wealth and Asset Management Growth
Significant expansion in wealth management was observed:
- Sales and wealth RMs headcount increased by 43% YoY to 1,015.
- Addition of 11 branches YoY.
- Recurring AUM up 26% YoY to Rs. 32,021 crore.
- Mutual Fund Average AUM increased by 30% YoY to Rs. 14,902 crore.
- SIP flow of approximately Rs. 115 crore per month, a 59% YoY increase.
Affordable Home Loans and Capital Markets
Other key highlights include:
- Affordable Home Loans AUM increased by 28% YoY to Rs. 3,031 crore.
- Customer base for affordable home loans increased by 39% YoY to approximately 29,000.
- Ranked #1 in IPOs, closing 15 capital market transactions amounting to approximately Rs. 28,000 Cr in Q2FY26.
Management Commentary
Mr. Vishal Kampani, Vice Chairman and Managing Director of JM Financial Limited, stated, “We are extremely excited to report another quarter of strong performance…Our affordable home loans business has now expanded to 134 branches and reported a strong 28% YoY growth in AUM and a 39% YoY growth in customers.”
Business Segment Performance
A summary of segment-wise performance is as follows:
Corporate Advisory and Capital Markets: Net Profit of Rs. 142 Cr, an increase of 41% compared to the same quarter last year.Wealth Management: Net Profit of Rs. 30 Cr, a decrease of 14% compared to the same quarter last year.Asset Management: A Net Loss of Rs. (10) Cr.
Key Statistics
Key financial statistics for the reported period:
Profit Before Tax: Rs. 344 Cr, a significant increase of 124% compared to the previous year.Net profit after tax, NCI, and share of associates: Rs. 270 Cr, up by 16%.Earnings Per Share (EPS): Rs. 2.8, reflecting a 16% increase.Consolidated net worth: Rs. 10,241 Cr, an 18% increase.Book Value Per Share (BVPS): Rs. 107.1, also showing an 18% increase.
Source: BSE
