JM Financial Ltd

JM Financial Ltd announced that CRISIL Ratings Limited (“CRISIL”) has reaffirmed and assigned ratings to various instruments of the company, Corporate Identity Number L67120MH1986PLC038784. Specifically, CRISIL reaffirmed the rating for the Long term Bank Loan Facility at CRISIL AA/Stable, reaffirmed the rating for Non-Convertible Debentures at CRISIL AA/Stable, and reaffirmed the rating for Commercial Paper at CRISIL A1+; the amount for each instrument rated is Rs 100 crore. A copy of the communication from CRISIL is enclosed, and the intimation has been uploaded to the company’s website at https://jmfl.com/investo r-relation/announcements.html.

JM Financial Ltd share price declined by 2.17% to Rs 126.45. The Company's net profit jumped 131.39% to Rs 368.74 crore, while revenue from operations gained significantly 26.37% to Rs 1196.0 crore in Q2FY26 over Q1FY26. The market capitalization of Holding Company industry group stocks on BSE stood at Rs 4.49 lakh crore, declining 0.40%. It has eased by 0.12% over last one week and advanced by 13.78% in last one month while the market capitalization of JM Financial Ltd has slipped by 0.59% and 2% in the same period respectively. Profit before tax (PBT) of JM Financial Ltd stood at Rs 455.54 crore in Q2 FY26, plunging by 23.12% year-on-year, and jumping 87.39% quarter-on-quarter. EBITDA came in at Rs 429 crore, tumbling by 27.16% YoY and rallying 90.78% sequentially. Total expenses inched up 5.92% to Rs 769.12 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 296.46 crore, witnessing a strong rise of 48.59% YoY. For the TTM ended FY26, revenue from operations declined slightly by 6.39% to Rs 4043.2 crore, while net profit soared by 52.45% to Rs 1176.88 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 92380% to Rs 1341.11 crore, and PBT surged 58.54% to Rs 1580.43 crore compared to previous TTM. JM Financial Ltd plunged by 32% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.21% during the same period.

JM Financial Ltd share price ticked higher by 0.70% to Rs 122.2 after the company's net profit surged by 131.39% to Rs 368.74 crore, while revenue from operations gained significantly 26.37% to Rs 1196.0 crore in Q2FY26 over Q1FY26. The market capitalization of Holding Company industry group stocks on BSE stood at Rs 4.59 lakh crore, easing 8.52%. It has marginally improved by 4.98% over last one week and moving up by 10.88% in last one month while the market capitalization of JM Financial Ltd has eased by 1.73% and 14.02% in the same period respectively. Profit before tax (PBT) of JM Financial Ltd stood at Rs 455.54 crore in Q2 FY26, tanking 23.12% year-on-year, and surging by 87.39% quarter-on-quarter. EBITDA came in at Rs 429 crore, nosediving by 27.16% YoY and jumping 90.78% sequentially. Total expenses grew marginally by 5.92% to Rs 769.12 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 296.46 crore, surging 48.59% YoY. For the TTM ended FY26, revenue from operations declined slightly by 6.39% to Rs 4043.2 crore, while net profit soared by 52.45% to Rs 1176.88 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 92380% to Rs 1341.11 crore, and PBT witnessed a strong rise of 58.54% to Rs 1580.43 crore compared to previous TTM. JM Financial Ltd plunged by 22.71% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.81% during the same period.

JM Financial Limited announced a consolidated net revenue of Rs 883 crore for the quarter ended June 30, 2026, a 13% year-over-year increase, alongside a 21% year-over-year rise in pre-provision operating profit to Rs 469 crore. The company's distressed credit business reported gross recoveries of over Rs 2,000 crore, with JM Financial Group's share of cashflows exceeding Rs 1,200 crore, while wealth management recurring AUM increased 7% year-over-year to Rs 33,394 crore.

JM Financial will hold a meeting of the Board of Directors of the Company on 3 August 2026.

JM Financial has allotted 4,93,742 equity shares under ESOS on 23 June 2026. With this allotment, the paid up equity share capital has increased to Rs 95,69,59,936/- representing 95,69,59,936 equity shares of the face value of Rs 1/- each.

JM Financial announced that the 41st Annual General Meeting(AGM) of the company will be held on 3 August 2026.

JM Financial announced that the Board of Directors of the Company at its meeting held on 29 May 2026, inter alia, have recommended the final dividend of Rs 1.75 per equity Share (i.e. 175%) , subject to the approval of the shareholders.

Net profit of JM Financial declined 21.08% to Rs 165.36 crore in the quarter ended March 2026 as against Rs 209.53 crore during the previous quarter ended March 2025. Sales declined 4.01% to Rs 946.44 crore in the quarter ended March 2026 as against Rs 985.97 crore during the previous quarter ended March 2025. For the full year,net profit rose 46.35% to Rs 1201.97 crore in the year ended March 2026 as against Rs 821.31 crore during the previous year ended March 2025. Sales declined 6.39% to Rs 4043.20 crore in the year ended March 2026 as against Rs 4319.01 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales946.44985.97 -4 4043.204319.01 -6 OPM %51.9258.63 -62.0753.03 - PBDT265.23327.75 -19 1680.091060.64 58 PBT243.10311.42 -22 1601.72996.85 61 NP165.36209.53 -21 1201.97821.31 46 Powered by Capital Market - Live

JM Financial will hold a meeting of the Board of Directors of the Company on 29 May 2026.