| Management target | Revenue 20.0% |
|---|
| Revenue growth | H1 net revenue +7% to ~₹1,600 Cr; Q2 ₹712 Cr. |
|---|---|
| Margins | Wealth gross yield ~51bps, net ~35bps; wealth broke even September. |
| Demand visibility | Pipeline ₹1.3 lakh Cr filed; October 'decent'; hopeful Nov-Dec. |
| Management confidence | Optimistic, but hedged: 'hopeful' on Nov–Dec, 'lumpy' private credit. |
Growth
H1 PAT ₹531 Cr; H1 revenue +7%. Management's 63% private-markets growth rests on ARC recoveries and write-backs, so it is lumpy.
Outlook
Guides ~20% blended growth for five years; wealth full-year profit in FY28; recurring AUM to grow double digits.
Risks
Deal-size cuts (~₹40–50 Cr fee loss), ARC lumpiness, equity mark-to-market on holdings, and falling broking income.
Last quarter's promises, checked
Partly delivered
- Pipeline ~₹1.5 lakh Cr ex-NSE/Jio, rising → ₹1.3 lakh Cr filed (= PARTIAL; basis unclear)
Missed
- Wealth profit 'this year and next', new RMs profitable in ~1 yr (4 Aug) → full-year profit slipped to FY28 (= MISS)
- Wealth revenue above industry's early-to-mid-teens → H1 group revenue +7% (= MISS; group, not wealth-only)
Earnings Call Transcript filed with NSE, NSE: JMFINANCIL. Summary written with AI assistance from the document.
JM Financial Ltd: key numbers
- Share price
- ₹108.60
- Market cap
- ₹10,393 Cr
- Revenue (annual)
- ₹4,091 Cr
- Net profit (annual)
- ₹1,202 Cr
- P/E (TTM)
- 10.3×Sector 22.3×
- 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 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.
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.