JM Financial Limited , a prominent player in India's financial services sector, has been assigned an Environmental, Social, and Governance (ESG) score of 73.8 by SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider. This score, which translates to a Grade B+, was based on data from the fiscal year 2024-25.

Key Points of the ESG Rating

Unsolicited Rating Process

It's important to note that this ESG rating was not solicited by JM Financial. SES ESG Research independently assessed the company using publicly available information, without any direct engagement from JM Financial. This approach highlights the growing importance of ESG factors in the financial sector, even when companies do not actively seek such ratings.

Disclosure and Transparency

In line with regulatory requirements, JM Financial promptly disclosed this information to the stock exchanges. The company's disclosure, dated December 9, 2025, was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) and the SEBI Master Circular dated November 11, 2024.

Implications for Investors

The B+ grade suggests a relatively strong ESG performance. However, investors should consider that:

1. The rating was unsolicited and based solely on public information.
2. ESG ratings can vary between different rating providers due to methodological differences.
3. This score provides an additional metric for assessing JM Financial's overall corporate performance and sustainability practices.

As ESG factors continue to gain prominence in investment decisions, such ratings offer insights into a company's non-financial performance and long-term sustainability outlook.

JM Financial , a leading financial services group, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating strong performance across its diverse business segments.

Key Financial Highlights

• Profit After Tax (PAT) rose 77.3% to Rs 255.00 crore in Q2FY26
• Interim dividend declared at Rs 1.50 per share
• Fees and commission income reached a record high of Rs 341.00 crore, showing 20% year-on-year growth for two consecutive quarters
• Consolidated net worth increased to Rs 10,241.00 crore, translating to a book value per share of Rs 107.00
• Annualized Return on Equity (ROE) based on half-year numbers stood at 14.40%

Strong Performance in Investment Banking

JM Financial's Investment Banking division demonstrated exceptional performance in the quarter:

• Closed 15 capital market transactions worth Rs 28,000.00 crore
• Filed documents for 56 Initial Public Offerings (IPOs) aggregating approximately Rs 120,000.00 crore
• Maintained leadership position in IPOs

Wealth Management and Asset Management Growth

The company's Wealth Management and Asset Management businesses showed significant progress:

• Wealth Management business crossed the milestone of 1,000 sales personnel
• Recurring Assets Under Management (AUM) in Wealth Management grew 26% year-on-year to Rs 32,000.00 crore
• Mutual Fund's Systematic Investment Plan (SIP) book increased by 59% year-on-year to Rs 115.00 crore per month
• Average AUM from non-liquid assets in mutual funds increased by 36% year-on-year to approximately Rs 12,100.00 crore
• Wealth management franchise expanded with 2x increase in wealth Relationship Managers (RMs)

Affordable Housing Finance Business

JM Financial's Affordable Housing Finance business continued its growth trajectory:

• Assets Under Management (AUM) reached Rs 3,031.00 crore, showing 28% year-on-year growth
• Expanded to 134 branches, indicating a strong focus on market penetration

Management Commentary

The management expressed satisfaction with the company's performance, highlighting the strong results across corporate advisory, wealth management, and home loans segments. The robust growth in PAT and the expansion of the wealth management franchise were particularly noted as key achievements.

Outlook

JM Financial remains optimistic about its growth prospects, particularly in the capital markets, asset management, and wealth management segments. The company's strong capital base, experienced management team, and diversified business model position it well to capitalize on the structural shift in India's savings and investment patterns.

With a robust pipeline of deals, particularly in the IPO market, and continued expansion in wealth and asset management, JM Financial is well-positioned to maintain its growth momentum in the second half of FY26 and beyond.