ALFA Finder| Revenue growth | FY26 net revenue growth of 11% in CACM segment. |
|---|---|
| Margins | Wealth management to breakeven in FY27; productivity focus. |
| Demand visibility | Strong IPO pipeline at ₹140,000 crore. |
| Management confidence | High confidence in 5-year pivot to fee-based income. |
Growth
FY26 revenue up 11% to ₹789cr in CACM; Private Markets PBT grew 3.5x to ₹742cr.
Outlook
Targeting 15% revenue growth and 15% ROE; Affordable Home Loans IPO planned for 2028-29.
Risks
Market volatility impacting IPO timing; high FPI selling; elevated oil prices; and geopolitical tensions.
Last quarter's promises, checked
Delivered
- Guided 25% Home Loan AUM growth → delivered 22% (= BEAT)
- Guided 15-20% CACM revenue growth → delivered 11% (= BEAT)
- Guided ₹1,000cr 9M PAT → delivered ₹1,037cr (= BEAT)
Partly delivered
- Guided 20% Private Credit book growth → delivered de-risked book (= PARTIAL)
- Guided Wealth breakeven FY26 → pushed to FY27 (= PARTIAL)
Earnings Call filed with NSE, NSE: JMFINANCIL. Summary written with AI assistance from the document.
JM Financial Ltd: key numbers
- Share price
- ₹114.52
- Market cap
- ₹10,960 Cr
- Revenue (annual)
- ₹4,091 Cr
- Net profit (annual)
- ₹1,202 Cr
- P/E (TTM)
- 10.9×Sector 22.4×
- Promoter holding
- 57.95%+0.92% QoQ
- FII holding
- 16.87%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from JM Financial Ltd
All →JM Financial Earnings Call Transcript: Key Takeaways
Q2 FY27 net revenue ₹712 Cr; H1 revenue +7% to ~₹1,600 Cr, H1 PAT ₹531 Cr. Growth is uneven: private markets is lumpy, deal sizes were cut, and Q2 PAT is not stated.
- Call
- Guides 20% growth
JM Financial Dividend
JM Financial's board declared an interim dividend of Rs 1.65 per equity share for FY 2026-27 on November 4, 2026. The record date is November 11, 2026, with payment proposed by November 20, 2026.
JM Financial Investor Presentation: Key Takeaways
Q2FY27 consolidated revenue Rs 1,056 Cr (+1.1% YoY), PAT Rs 240 Cr (-11.3%); H1 PAT Rs 531 Cr (-26.6%). Loans and wealth AUM grew; profit fell on lower Capital Markets and Treasury earnings.
JM Financial Results Update
JM Financial reported Q2FY27 net revenue of Rs. 712 crore and PAT of Rs. 240 crore, down 11% YoY. It declared an interim dividend of Rs. 1.65.
JM Financial Q2 FY27 Results: Net Profit ₹227.7 Cr, Down 13.1% YoY
JM Financial Ltd reported revenue from operations of ₹1,032 Cr (+0.1% YoY) and net profit of ₹227.7 Cr (-13.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹227.7 Cr · -13.1% YoY
JM Financial Other Announcement
JM Financial filed its quarterly shareholding pattern for the quarter ended 30 September 2025. It is a periodic disclosure with no transaction, money or corporate event.