View document text
August 3, 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 first quarter ended June 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 given 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
PRESS RELEASE
For Immediate Release
Consolidated Net Revenue of Rs. 883 crores for Q1FY27, YoY increase of 13%; Pre-
provision operating profit of Rs. 469 crores for Q1FY27, YoY increase of 21%
Mumbai, August 3, 2026: JM Financial Limited announced its financial results for the
quarter ended June 30, 2026.
Key Highlights for Q1FY27
➢ Net Revenue increased by 13% YoY to Rs. 883 crores
➢ Pre-provision operating profit increased by 21% YoY to Rs. 469 crores
➢ PAT (ex-provisions) before NCI* increased by 24% YoY to Rs. 379 crores
➢ One of the best quarters for ARC business. Strong resolutions in Distressed credit assets
during the quarter. Gross recoveries of over Rs. 2,000 crores; JM Financial Group’s
share of cashflows is over Rs. 1,200 crores
➢ Wealth management: Recurring AUM up 7% YoY to Rs. 33,394 crores; Loan book up
43% YoY to Rs. 2,417 crores
➢ Mutual Fund Average AUM for non-liquid schemes stood at Rs. 10,521 crores for
Q1FY27 as against Rs. 11,219 crores for Q1FY26
➢ Affordable Home Loans customer base increased by 31% YoY to 35,655; addition of
23 branches YoY; AUM increased by 28% YoY to Rs. 3,715 crores; disbursements
increased by 87% YoY to Rs. 360 crores;
➢ Closed 9 capital market transactions of ~Rs. 22,000 crores in Q1FY27. Pipeline of
transactions is very strong, 60 filed IPO transactions aggregating to ~Rs. 150,000
crores^ (further IPOs to be filed would be additional)
Commenting on the results and financial performance, Mr. Vishal Kampani, Vice
Chairman and Managing Director, JM Financial Limited, said,
“The results for first quarter demonstrate the strength of our diversified business model with
Private Markets segment providing strong cushion to the earnings amidst volatility in
capital markets. The Private Markets segment witnessed strong cashflows of over Rs. 1,200
crores in the distressed credit business. We are witnessing early signs of recovery in capital
markets which will help us execute our transaction pipeline and improve transactional
business revenues. Recurring AUM and loans in our Wealth Management segment have
shown healthy traction. Affordable home loans business has reported strong growth in
disbursements of 87% YoY.”
*Non-Controlling Interests
^ excluding filed IPO transactions of Jio Platforms Limited and National Stock Exchange of India Limited
Summary of Key Statistics
(Rs. in crores, unless otherwise stated)
Quarter Quarter Quarter
QoQ YoY
ended ended ended
Particulars % Increase / % Increase /
June 30, March 31, June 30,
(Decrease) (Decrease)
2026 2026 2025
Net Revenue 883 584 51% 779 13%
Pre-Provision Operating
469 241 94% 389 21%
Profit
Impairment provisions 13 (2) N/M (204) N/M
Net profit after tax and
share of associates (ex- 379 161 2.4x 306 24%
provisions) - Pre NCI*
Net profit after tax, NCI*
and share of associates 302 164 84% 301 ~
(ex-provisions)
Reported Net profit after
tax and share of 369 162 2.3x 459 (20%)
associates - Pre NCI*
Reported Net profit after
tax, NCI* and share of 292 165 77% 454 (36%)
associates
Reported EPS (Rs.) 3.0 1.7 77% 4.7 (36%)
Consolidated net worth^ 10,899 10,605 ~ 10,174 7%
BVPS (Rs.)^ 113.9 110.9 ~ 106.4 7%
Debt /equity^ 1.0x 1.1x 1.0x
Cash and Cash
3,814 3,890 ~ 2,381 60%
equivalents
^ 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
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 June 30, 2026, the consolidated loan AUM stood at ~Rs. 109.2 BN, distressed credit business AUM at ~Rs.
112.0 BN, wealth management AUM at ~Rs. 1.13 TN and mutual fund AAUM at ~Rs. 132.0 BN.
The Group is headquartered in Mumbai and has a presence across 889 locations spread across 232 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.