| 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
- ₹124.13
- Market cap
- ₹11,879 Cr
- Revenue (annual)
- ₹4,091 Cr
- Net profit (annual)
- ₹1,202 Cr
- P/E (TTM)
- 11.4×Sector 22.8×
- Promoter holding
- 57.03%-0.04% QoQ
- FII holding
- 16.95%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 Employee Stock Options
JM Financial Limited allotted 45,000 equity shares following the exercise of stock options under its ESOS scheme. This increases the company's paid-up share capital to 95.70 Crore shares.
JM Financial Merger & Restructuring
JM Financial Limited announced the dissolution of its foreign subsidiary, JM Financial Private Wealth, Inc., incorporated in Delaware, USA, following necessary legal processes.
JM Financial Other Announcement
JM Financial Limited received an ESG score of 76 and a Leader rating from NSE Sustainability Ratings & Analytics Limited. This unsolicited rating is based on public domain data for FY2025-26.
JM Financial Credit Rating
JM Financial received updated credit ratings from CRISIL for its long-term bank facilities, non-convertible debentures, and commercial paper.
JM Financial Other Announcement
JM Financial Limited has been assigned an ESG score of '69 (Strong)' by ESG Risk Assessments & Insights Limited based on publicly available data.
JM Financial Annual General Meeting
JM Financial Limited held its 41st Annual General Meeting on August 3, 2026. The meeting covered adoption of financial statements, dividend declaration, and director appointments.