Please find enclosed Investor Presentation

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: Investor Presentation In continuation of our letters of even date enclosing thereto the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2026 and the Press Release, we are enclosing the Investor Presentation. 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 Limited – Q2FY27 Results Update Disclaimer/ Safe Harbor This presentation and the following discussion may contain certain words or phrases that are “forward looking statements” by JM Financial Limited (together with its subsidiaries and associates), referred to as (“JM Financial” or “JMFL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial conditions, business prospects, plans and objectives are based on the current beliefs, assumptions, expectations, estimates and projections of the management of JMFL about the businesses, industry and markets in which JMFL operates. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond JMFL’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. These risks and uncertainties include the effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, internal or external fraud, new regulations and Government policies that may impact the businesses of JMFL as well as the ability to implement its strategies. Such statements are not and should not be construed as a representation of future performance or achievements of JMFL. In particular, such statements should not be regarded as a projection of future performance of JMFL. The information contained herein is current as of its date and there is no obligation to update, modify and/or amend this presentation or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. However, the Company may alter, modify and/or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. The numbers have also been rounded off in the interest of easier understanding. Numbers have been re-casted, wherever required. All information in this presentation has been prepared solely by JMFL and has not been independently verified by anyone else. This presentation is for information purposes only and does not constitute an offer and/or recommendation to buy or sell any securities or any financial products offered by JMFL. Any action taken by you on the basis of the information contained herein is your responsibility alone and JMFL and/or its directors or employees will not be liable in any manner, whatsoever, for the consequences of such action taken by you. By accessing this presentation, you are agreeing to be bound by the above restrictions. Table of Contents Section 1 Overview Section 2 Segment Performance Section 3 Annexure Section : 1 Overview JM Financial : Focus on High Growth and High Returns Businesses ✓ Leadership; Best in class relationships ✓ Expanding wallet share of clients. Corporate Advisory and Capital Markets ✓ Strong sticky repeat business The progress on build out of the ✓ Ranked #1 across IPOs + QIPs* Investment Banking, Institutional Equities customer franchise across all ✓ Pipeline of IPO transactions : ~Rs. 130,000 crore^ businesses is encouraging ✓ Capital, connectivity, innovation and solutions led expertise Private Markets ✓ Differentiated and counter cyclical ✓ “Syndication/co-invest” approach to improve risk adjusted returns elements to the business Bespoke solutions and access to private ✓ Disbursements of Rs. 977 crore primarily in Bespoke vertical capital for clients ✓ Fully capitalized ✓ Standard Loans: Rs. 4,748 crore (YoY Growth: 22%) ✓ Declared Interim Dividend of Rs. ✓ Unique Platform 1.65 per share; Aggregate payout of ✓ Expansion into manufacturing products Rs. 7.6 per share over last 6 Wealth and Asset Management ✓ Recurring Wealth AUM (including Loans) : Rs. 39,596 crore (YoY quarters growth : 17%) Manufacturing, distribution, advisory ✓ Loan book growth across ✓ First close of Maiden Pre-IPO Fund with commitments of Rs. 700 businesses has improved visibility crore; of earnings ✓ MF AAUM (ex liquid): Rs. 11,243 crore ✓ Strong market opportunity Affordable Home Loans ✓ Granular book (average ticket size ~Rs.10 lakhs) ✓ Further scale the business ✓ AUM: Rs. 3,929 crore (YoY Growth: 30%); Disbursements: Rs. Affordable segment 331 crore (YoY Growth: 48%) * By deal value in H1FY27 4 ^ Excluding IPO transaction of JioPlatforms Limited Performance Highlights Q2 FY27 (Rs. Cr) YoY (Increase) Filed IPO Transactions ~Rs. 1,30,000 crore across 48 transactions* (IPOs yet to be filed would be additional) Corporate Advisory and Capital Markets League Tables Ranked #1 in IPOs + QIPs by deal value in H1 FY2027 Disbursements 977 2x Private Markets Standard Loans 4,748 22% Wealth - Recurring 39,596 17% Wealth and AUM (including loans) Asset Asset Management – Management First close of maiden Pre-IPO Fund (Commitments of Rs. 700 crore) Disbursements 331 48% Affordable Home Loans AUM 3,929 30% * Excluding IPO transaction of JioPlatforms Limited 5 Summary Consolidated Profit & Loss Statement Particulars (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1 FY27 H1 FY26 YoY % FY26^ Net Revenue 712 708 0.5% 1,595 1,488 7.2% 2,749 Employee cost 294 271 8.7% 591 569 3.7% 1,054 Operating expenses 110 101 8.8% 227 193 17.4% 443 Pre Provisioning profit (PPoP) 308 336 -8.6% 777 725 7.2% 1,252 Impairment on Financial Instruments* (15) (8) N/M (2) (212) N/M (237) PBT 323 344 -6.2% 779 937 -16.9% 1,489 Tax expense 95 89 6.7% 182 224 -18.8% 380 PAT 228 255 -10.7% 596 713 -16.3% 1,109 Share in profit of associates # 7 N/M # 8 N/M 24 PAT (incl. Share in profit of Associates) 228 262 -13.1% 596 721 -17.3% 1,133 NCI (Minorities) 12 8 N/M (65) 3 N/M # Operating Net profit 240 270 -11.3% 531 724 -26.6% 1,133 Consolidated Net profit 240 270 -11.3% 531 724 -26.6% 1,202 EPS (Rs./Share) 2.5 2.8 5.5 7.6 12.6 BVPS (Rs./Share) 114.9 107.1 114.9 107.1 110.9 Annualised Consolidated ROE (%) 9.8% 14.4% 11.7% *includes provision on account of Expected Credit Loss(ECL) ^Net Revenue numbers for FY26 are adjusted for receipt of interest on income tax refund amounting to Rs. 113 crore. PBT and PAT for FY26 adjusted for receipt of interest on income tax refund of Rs. 6 113 crore and statutory impact of new labour codes of ~Rs. 22 crore (net impact of Rs. 91 crore pre-tax and Non Controlling interest; Rs. 69 crore post tax and Non Controlling interests). Summary Consolidated Balance Sheet Sr. No. Particulars (Rs Cr) September 30, 2026 June 30, 2026 September 30, 2025 A Assets 1 Business assets* 23,674 24,185 22,428 2 Treasury and other assets** [Showing first 8,000 characters — download PDF for full document]