JM Financial Limited (ISIN: INE780C01023) has reported a robust performance for the second quarter of fiscal year 2026, with a 16% year-on-year increase in consolidated profit after tax (PAT). The company's strategic focus on scaling its retail lending and asset management businesses is yielding positive results, as evidenced by its latest financial results.

Financial Highlights

• Consolidated PAT rose to Rs. 270.00 crore in Q2 FY26, up from Rs. 232.00 crore in the same quarter last year.
• The company achieved its highest-ever quarterly fees and commission income at Rs. 341.00 crore, marking a 20% increase year-on-year.
• JM Financial's consolidated net worth grew by 18% to Rs. 10,241.00 crore as of September 30, 2025.

Strategic Growth Initiatives

JM Financial is actively expanding its presence in key business segments:

Wealth Management Expansion

• The company has significantly increased its sales and wealth relationship managers (RMs) headcount by 43% year-on-year to 1,015.
• Recurring Assets Under Management (AUM) in the wealth management segment grew by 26% YoY to Rs. 32,021.00 crore.
• The branch network expanded with the addition of 11 new branches, bringing the total to 70.

Asset Management Growth

• Mutual Fund Average AUM increased by 30% YoY to Rs. 14,902.00 crore.
• The Systematic Investment Plan (SIP) book showed impressive growth, with monthly inflows reaching approximately Rs. 115.00 crore, a 59% increase YoY.

Affordable Home Loans

• The Affordable Home Loans segment saw its AUM grow by 28% YoY to Rs. 3,031.00 crore.
• The customer base in this segment expanded by 39% YoY to about 29,000.

Corporate Advisory and Capital Markets

JM Financial maintained its strong position in the investment banking space:

• Ranked #1 in IPOs by value during Q2 FY26.
• Closed 15 capital market transactions amounting to approximately Rs. 28,000.00 crore.
• The company reports a robust pipeline of 56 filed IPO transactions aggregating to about Rs. 120,000.00 crore, with additional IPOs yet to be filed.

Management Commentary

Vishal Kampani, Vice Chairman and Managing Director of JM Financial Limited, expressed enthusiasm about the company's performance: "We are extremely excited to report another quarter of strong performance. We are significantly expanding our base as we execute our strategies on recruiting top talent, adding clients, expanding network including physical and digital infrastructure."

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs. 1.50 per share for the financial year 2025-26.

Outlook

JM Financial's focus on scaling its retail lending and asset management businesses, coupled with its strong capital position and expansion into the digital credit ecosystem, positions the company well for sustainable growth. The company's efforts in strengthening its real estate financing and advisory verticals further support its growth strategy.

As JM Financial continues to execute its expansion plans and capitalize on market opportunities, investors and stakeholders will be watching closely to see how these initiatives translate into long-term value creation.

JM Financial Limited , a leading integrated financial services group, has announced robust financial results for the second quarter of fiscal year 2025-26, along with an interim dividend declaration.

Q2 Financial Highlights

JM Financial reported a consolidated profit after tax of Rs 261.89 crore for Q2 FY26, marking a significant 81.6% increase from Rs 144.20 crore in the same quarter last year. The company's total revenue from operations stood at Rs 1,031.28 crore, compared to Rs 1,190.51 crore in Q2 FY25.

Key financial metrics for Q2 FY26 include:

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs 1.5 per equity share for the financial year 2025-26. The dividend will be paid to eligible shareholders on or after November 27, 2025.

Operational Highlights

• Fees and commission income reached Rs 341 crore, up 20% year-on-year.
• The wealth management division expanded its reach, with the number of relationship managers and sales employees increasing by 43% YoY to 1,015.
• The mutual fund business saw significant growth, with average Assets Under Management (AUM) rising 30% YoY to Rs 14,902 crore.
• The affordable home loans segment reported strong growth, with AUM increasing by 28% YoY to Rs 3,031 crore and the customer base expanding by 39% YoY to approximately 29,000.

Capital Markets Performance

JM Financial maintained its strong position in the capital markets:

• Ranked #1 in IPOs by value during Q2 FY26
• Closed 15 capital market transactions amounting to approximately Rs 28,000 crore
• Currently has a pipeline of 56 filed IPO transactions aggregating to about Rs 120,000 crore

Management Commentary

Vishal Kampani, Vice Chairman and Managing Director of JM Financial Limited, commented on the results: "We are extremely excited to report another quarter of strong performance. We are significantly expanding our base as we execute our strategies on recruiting top talent, adding clients, expanding network including physical and digital infrastructure. The pipeline of transactions in corporate advisory and capital markets is extremely robust."

About JM Financial Limited

JM Financial is an integrated and diversified financial services group, offering a wide range of services including investment banking, wealth management, securities business, credit solutions, and asset management. As of September 30, 2025, the group's loan book stood at approximately Rs 97.5 billion, with a distressed credit business AUM of about Rs 128.7 billion, wealth management AUM of nearly Rs 1.15 trillion, and mutual fund average AUM of around Rs 149.0 billion.