| Revenue growth | Q2 +1.1%; H1 +5.3% consolidated revenue |
|---|---|
| Margins | Q2 PPoP margin ~43% on net revenue vs ~47% LY |
| Demand visibility | IPO pipeline ~Rs 130,000 Cr, 48 filed deals |
Growth
H1 revenue Rs 2,281 Cr (+5.3%). Standard loans +22% YoY to Rs 4,748 Cr; recurring wealth AUM +17% to Rs 39,596 Cr.
Outlook
No numeric growth guidance. IPO pipeline ~Rs 130,000 Cr across 48 filed deals. Non-core loans to run down in 9-12 months.
Risks
Q2 PPoP fell 8.6% as employee costs rose 8.7%. Capital Markets PAT -11.2%. H1 annualised ROE 9.8% vs 14.4%.
Last quarter's promises, checked
Delivered
- Standard loan growth 15–20% YoY → +22% YoY to Rs 4,748 Cr (= BEAT)
Partly delivered
- Gross D/E rebuilding toward 2x over 2–3 yrs from 0.8x → 1.0x (= PARTIAL)
Missed
- FY27 ROE similar to or above ~11.5% → H1 annualised 9.8% (= MISS)
- Pipeline 'increasing' from 60 IPOs / ~Rs 150,000 Cr (ex-NSE/Jio) → 48 deals / ~Rs 130,000 Cr (= MISS; definitions may differ)
Investor Presentation filed with NSE, NSE: JMFINANCIL. Summary written with AI assistance from the document.
JM Financial Ltd: key numbers
- Share price
- ₹114.00
- Market cap
- ₹10,910 Cr
- Revenue (annual)
- ₹4,091 Cr
- Net profit (annual)
- ₹1,202 Cr
- P/E (TTM)
- 10.5×Sector 21.3×
- 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 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 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.
JM Financial Board Meeting Date
JM Financial's board meets November 4, 2026 to approve Q2 results and possibly an interim dividend. Trading window stays closed until 48 hours after results.
JM Financial Other Announcement
The company filed its quarterly shareholding pattern as mandated by Regulation 31(1)(b) for the quarter ending September 30, 2026.