Press Release

JM Financial November 4, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza 1st Floor, New Trading Ring Plot No.C-1, G Block Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Security Code: 523405 Symbol: JMFINANCIL Dear Sirs, Sub: Press Release In continuation of our letter of even date enclosing thereto the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2026, we are enclosing a copy of the Press Release being issued by the Company. The said intimation is also being uploaded on the website of the Company at https://www.jmfl.com/investor-relations/financial-results and can be accessed by scanning the QR Code. We request you to kindly take the above on your record and disseminate the same on your website, as you may deem appropriate. Thank you. Yours truly, For JM Financial Limited Hemant Pandya Company Secretary & Compliance Officer Encl.: as above JM Financial Limited Corporate Identity Number: L67120MH1986PLC038784 Regd. Office: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025. T: +91 22 6630 3030 F: +91 22 6630 3223 www.jmfl.com JM Financial PRESS RELEASE For Immediate Release JM Financial Limited reports consolidated revenue of Rs. 1,056 crores and PAT of Rs. 240 crores for Q2FY27; Ranked #1 by deal value in IPOs and QIPs for H1FY27; Growth in loan book across private markets (22% YoY), wealth management (30% YoY) and affordable home loans (30% YoY) Interim Dividend declared at Rs. 1.65 per share Mumbai, November 4, 2026: JM Financial Limited announced its financial results for the quarter and half year ended September 30, 2026. Key Highlights for Q2FY27 ➢ Net Revenue at Rs. 712 crores ➢ Interim Dividend declared at Rs. 1.65 per share. Total dividend payout of Rs. 7.6 per share over last six quarters ➢ Corporate Advisory and Capital Markets: One of the best quarters for Investment banking business. Profits for the segment grew 4x QoQ to Rs. 127 crores ➢ Ranked #1 by deal value across IPOs + QIPs and closed 26 capital market transactions of ~Rs. 83,000 crores in Q2FY27. Pipeline of transactions is very strong, 48 filed IPO transactions aggregating to ~Rs. 130,000 crores^ (further IPOs to be filed would be additional) ➢ Wealth management: Recurring AUM up 16% YoY to Rs. 37,038 crores [up 20% from March 2026]; Wealth loan book up 30% YoY to Rs. 2,558 crores. Total Recurring AUM (including loans) up 17% YoY to Rs. 39,596 crores (up 20% from March 2026) ➢ Asset Management: Achieved first close of Maiden Pre-IPO Fund with commitments of Rs. 700 crores; Mutual Fund Average AUM for non-liquid schemes stood at Rs. 11,243 crores for Q2FY27 as against Rs. 12,112 crores for Q2FY26 ➢ Affordable Home Loans customer base increased by 30% YoY to 37,548; addition of 18 branches YoY; AUM increased by 30% YoY to Rs. 3,929 crores; disbursements increased by 48% YoY to Rs. 331 crores ➢ Disbursements in Private Markets aggregating to Rs. 977 crores for Q2FY27 as against Rs. 485 crores for Q2FY26 (Growth of 2x YoY); Standard Loans up 22% YoY to Rs. 4,748 crores backed by strong growth in Bespoke vertical ^ excluding IPO transaction of Jio Platforms Limited JM Financial Commenting on the results and financial performance, Mr. Vishal Kampani, Vice Chairman and Managing Director, JM Financial Limited, said, “We are excited to report another quarter of robust performance. Our progress on the build out of the customer franchise across all businesses is encouraging. We closed transactions worth Rs. 83,000 crores and the pipeline for equity and advisory transactions is extremely healthy. The visibility of earnings has improved with loan book growth across private markets, wealth management and affordable home loans businesses. Private Markets segment witnessed disbursements of almost Rs. 1,000 crores in the Bespoke vertical resulting in 22% YoY increase in standard loans. Recurring AUM and loans in our Wealth Management segment continues to show good traction and has grown by 17% YoY. We continue to focus on improving productivity in wealth management. We achieved the first close of our Maiden Pre-IPO fund securing commitments of Rs. 700 crores and are expecting the first close of our second performing credit fund within this financial year. The affordable home loans business reported strong growth in line with the guidance with 30% YoY growth in AUM and a 48% YoY growth in disbursements.” Summary of Key Statistics (Rs. in crores, unless otherwise stated) Quarter ended Quarter ended YoY Particulars September 30, September 30, % Increase / 2026 2025 (Decrease) Consolidated Net Revenue 712 708 ~ Consolidated Net profit after tax, 240 270 (11%) NCI* and share of associates Consolidated EPS (Rs.) 2.5 2.8 (11%) Consolidated net worth^ 10,993 10,241 7% BVPS (Rs.)^ 114.9 107.1 7% Debt /equity^ 1.0x 1.1x Cash and Cash equivalents 2,753 2,955 (7%) ^ Computed after reducing goodwill of Rs.52.4 crores from shareholders’ funds * Non-Controlling Interests ~ Indicates flattish performance -ends- The press release and unaudited financial results are available on our website www.jmfl.com JM Financial About JM Financial JM Financial is an integrated and diversified financial services group. The Group’s primary businesses include (i) Corporate Advisory and Capital Markets caters to Institutional, Corporate, Promoters, Government and Ultra High Networth clients and includes investment banking, and institutional equities and research; (ii) Private Markets comprises of Private Credit (Corporate, Bespoke, Real Estate and Distressed Credit) and Investments (Private equity funds, REITs etc.); (iii) Wealth and Asset Management includes wealth management business, broking, PMS, Equity & Debt AIFs, and mutual fund business; and (iv) Affordable Home Loans includes the affordable housing finance business. As of September 30, 2026, the consolidated loan AUM stood at ~Rs. 119.3 BN, distressed credit business AUM at ~Rs. 106.7 BN, wealth management AUM at ~Rs. 1.14 TN and mutual fund AAUM at ~Rs. 135.0 BN. The Group is headquartered in Mumbai and has a presence across 911 locations spread across 234 cities in India. The equity shares of JM Financial Limited are listed in India on the BSE and NSE. For more information, log on to www.jmfl.com or contact: Nishit Shah Manali Pilankar Group Chief Financial Officer Corporate Communications Tel : +91 22 6630 3522 Tel : +91 22 6630 3475 Email: nishit.shah@jmfl.com Email: manali.pilankar@jmfl.com Forward - Looking statements This press release (‘document’) containing JM Financial Group’s activities, projections and expectations for the future, may contain certain forward-looking statements based upon the information currently available with the Company or any of its subsidiaries and associate companies. The financial results in future may vary from the forward-looking statements contained in this document due to uncertainties and unforeseen events that may impact the businesses of the JM Financial Group. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events. This document is for information purposes only and any action taken by any person on the basis of the information contained herein is that person’s responsibility alone and neither JM Financial Group nor any of their directors or employees will be liable in any manner for the consequences of such actions.