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Latest news about JM Financial

JM Financial Receives Rs 223.32 Crore Income Tax Refund for AY 2008-09 8 days ago

JM Financial Limited has received an income tax refund of Rs 223.32 crore for the assessment year 2008-09. The refund, initially expected to be Rs 230.00 crore, was adjusted by tax authorities and credited to the company's bank account on November 14. JM Financial promptly disclosed this development to stock exchanges in compliance with SEBI regulations.

JM Financial Reports Strong Q2 FY26 Results with Operating PAT of INR 270 Crores, Declares Interim Dividend Nov 11, 2025

JM Financial Reports 16% YoY Increase in Q2 Profit, Expands Wealth Management Nov 06, 2025

JM Financial Reports Strong Q2 Performance, Declares Rs 1.5 Per Share Dividend Nov 06, 2025

JM Financial Reports Mixed Q2 Results: Profit Up, Revenue Down Nov 06, 2025

More news about JM Financial

31Oct 25

JM Financial Sets Board Meeting to Review Q2 Results and Consider Interim Dividend

JM Financial Limited has announced a board meeting for November 6, 2025, to review Q2 and H1 FY2025-26 financial results and consider an interim dividend. The meeting will cover unaudited standalone and consolidated results for the quarter and half-year ending September 30, 2025. The company's trading window for equity shares will be closed from October 1, 2025, until 48 hours after the public announcement of financial results, in compliance with regulatory requirements.

24Sept 25

JM Financial Home Loans CEO: No New Housing Schemes Expected This Festive Season

JM Financial Home Loans CEO Manish Sheth states that homebuyers should not expect new policy announcements or subsidies for the upcoming festive season, citing strong performance of existing housing schemes. The Pradhan Mantri Awas Yojana (PMAY) 2.0 has sanctioned 8.56 lakh homes. Demand for mid-segment housing has tripled over the past four years. A potential GST reduction on cement from 28% to 18% could decrease construction costs by 3-5%. JM Financial Home Loans aims to scale its loan book to ₹5,000 crore within two years and ₹10,000 crore by FY30. The company recently allotted 53,750 equity shares to employees under their Employee Stock Option Scheme.

23Sept 25

JM Financial Group Settles SEBI Case for ₹3.92 Crore Over NCD Issue Irregularities

JM Financial Limited and its subsidiaries have settled with SEBI for ₹3.92 crore regarding alleged irregularities in managing Piramal Enterprises' public NCD issue. The settlement involves three entities: JM Financial Limited, JM Financial Services Limited, and JM Financial Products Limited. SEBI's investigation revealed a scheme where loans were provided to applicants to purchase NCDs, which were later bought back at higher prices. The entities have accepted voluntary debarments from various debt securities activities for three months. JM Financial Limited states there is no material impact on its financial or operational activities due to the settlement.

11Aug 25

JM Financial Targets Over ₹25,000 Crore AUM in Alternatives Business, Reports Strong Q1 Results

JM Financial announced plans to expand its alternatives business, aiming for AUM exceeding ₹25,000 crore. The company reported impressive Q1 results with consolidated PAT up 166% YoY to ₹454 crore and net revenue increasing 22% to ₹779 crore. JM Financial also plans to grow its retail mortgages and capital markets operations. The company's networth crossed ₹10,000 crore, with book value per share at ₹106.40. Segment-wise, Corporate Advisory and Capital Markets saw 53.70% YoY growth, while Private Markets experienced a 24.60% decline. JM Financial ranked #1 in Equity Capital Markets with 10 marquee transactions and has a pipeline of 45 filed IPO transactions worth approximately ₹100,000 crore.

11Aug 25

JM Financial Reports Record Quarterly Operating PAT of Rs 454 Crore, Up 166% YoY

JM Financial achieved its highest ever quarterly operating profit after tax of Rs 454.00 crore, up 166% year-on-year. Net revenue grew 22% to Rs 779.00 crore. The company's net worth crossed Rs 10,000.00 crore, with book value per share at Rs 106.40. JM Financial secured the top position in Equity Capital Markets with 10 marquee transactions. Wealth management AUM grew 7% to Rs 1,14,228.00 crore, while mutual fund AUM increased 49% to Rs 13,901.00 crore. The company also increased its stake in JM Financial Credit Solutions to 100% and saw Bajaj Allianz Life Insurance acquire a 2.1% stake in JM Financial Home Loans.

10Aug 25

JM Financial Subsidiary to Sell 2.10% Stake in Home Loans Unit to Bajaj Allianz for Rs. 65.50 Crore

JM Financial Credit Solutions Limited (JMFCSL) has agreed to sell 1,36,46,000 equity shares (2.10%) of JM Financial Home Loans Limited (JMFHLL) to Bajaj Allianz Life Insurance Company Limited for Rs. 65.50 crore. The transaction, priced at Rs. 48 per share, will reduce JMFCSL's stake in JMFHLL from 8.98% to 6.88%. JM Financial Limited's effective shareholding will decrease from 98.76% to 96.66%. The deal is expected to be completed by August 31, 2025. JMFHLL contributed 8.27% to JM Financial Limited's consolidated income and 8.24% to its net worth for the financial year ended March 31, 2025.

28Jun 25

JM Financial to Acquire Remaining 2.98% Stake in Credit Solutions Subsidiary

JM Financial plans to acquire the remaining 2.98% stake in JM Financial Credit Solutions for ₹88.97 crore, making it a fully-owned subsidiary. This strategic move aims to consolidate ownership and strengthen JM Financial's position in the financial services sector. The acquisition is expected to enhance control over the credit solutions business, streamline operations, and potentially improve overall financial performance and synergies within the group.

14May 25

JM Financial Reports Robust Q4 FY24 Results: Net Profit Surges 389%, Dividend Announced

JM Financial's Q4 FY24 results show exceptional growth. Net profit soared 389.45% to ₹134.60 crore, while revenue increased 33.18% to ₹256.50 crore. The company's operational efficiency improved significantly, with OPM rising to 60.98%. Key business segments saw substantial growth, including a 32% increase in Net Interest Income and doubling of Mutual Fund AUM. A dividend of ₹2.70 per share was announced.

13May 25

JM Financial Reports Strong Q4 FY23 Results with Net Profit Surge; Share Price Rises 9% on Dividend Announcement

JM Financial announced Q4 FY23 results with a net profit of ₹210.00 crore, reversing a loss of ₹229.00 crore from the previous year. Revenue decreased by 20.70% to ₹1,000.00 crore. The company recommended a dividend of ₹2.70 per share. EBITDA declined by 25.23% year-over-year but improved 24.50% sequentially. The stock price rose 9% to an intraday high of ₹116.55 following the results announcement.

12May 25

JM Financial: Q4 Profit Soars to ₹134.60 Crore, ₹2.70 Dividend Announced

JM Financial's Q4 FY24 consolidated net profit rose to ₹134.60 crore. The company declared a dividend of ₹2.70 per share, increased stake in its distressed credit unit, and is scaling down its wholesale loan book. Strong growth was reported in asset and wealth management segments. Additionally, JM Financial received a tax refund order of ₹230.00 crore for FY25.

21Mar 25

JM Financial to Acquire Remaining 5.97% Stake in JM Financial Credit Solutions for ₹178.05 Crore

JM Financial Limited plans to acquire the remaining 5.97% stake in JM Financial Credit Solutions Limited (JMFCSL) from INH Mauritius 1 for approximately ₹178.05 crore. This acquisition will increase JM Financial's shareholding in JMFCSL to 95.64%. The transaction involves purchasing 1,68,791 equity shares and is expected to be completed by August 31, 2023. JMFCSL, a material subsidiary of JM Financial, is registered as a Systemically Important Non-Deposit taking NBFC and has shown consistent financial performance over the past three years. This move aligns with JM Financial's strategy to consolidate its position in the financial services sector and enhance its control over JMFCSL.

18Mar 25

JM Financial to Consolidate Wealth Management Services: Transfers Private Wealth Business to Subsidiary

JM Financial Limited is transferring its private wealth management business to its wholly-owned subsidiary, JM Financial Services Limited (JMFSL), for ₹11.08 crore. The transfer, effective April 1, 2025, aims to consolidate wealth management services, integrating private wealth with JMFSL's existing offerings. The transferred business contributed 6.84% to JM Financial's revenue and 0.82% to its net worth in the last financial year. This strategic move is expected to streamline operations, create service synergies, and enhance the company's competitive edge in the wealth management sector.

17Mar 25

JM Financial Approves Transfer of Private Wealth Business to Subsidiary

JM Financial Limited is transferring its private wealth business to its wholly-owned subsidiary, JM Financial Services Limited (JMFSL), effective April 1, 2025. The transfer, valued at ₹110.8 million, aims to enhance synergies and unify leadership in wealth management. The private wealth division contributed 6.84% of revenue and 0.82% of net worth in the previous financial year. The move is expected to streamline operations and strengthen client value proposition.

21Feb 25

JM Financial Set to Receive ₹230 Crore Tax Refund, Boosting Financial Position

JM Financial Limited is set to receive a tax refund of ₹230 crore (approx. $27.8 million) for the assessment year 2008-09, as ordered by the Deputy Commissioner of Income Tax, Government of India. The refund, which includes interest, was disclosed in a regulatory filing on February 20, 2025. This substantial inflow is expected to boost the company's liquidity and financial position. JM Financial emphasized that no violations were committed or alleged in connection with this tax order.

20Feb 25

JM Financial Set to Receive ₹230 Crore Tax Refund, Boosting Financial Position

JM Financial Limited is set to receive a tax refund of ₹230 crore (approx. $27.8 million USD) from Indian tax authorities for the assessment year 2008-09. The refund, including interest, was ordered by the Deputy Commissioner of Income Tax on February 19, 2025. JM Financial expects this to have a positive financial impact on its operations. The company has disclosed this information in compliance with SEBI regulations.

JM Financial

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