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Informist, Monday, Aug. 3, 2026

 

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--JM Fincl Apr-Jun consol net profit INR 2.92 bln
--JM Fincl Apr-Jun consol revenue INR 12.01 bln
--JM Fincl Apr-Jun consol net profit INR 2.92 bln vs INR 4.54 bln year ago
--JM Fincl Apr-Jun consol revenue INR 12.01 bln vs INR 11.11 bln year ago
--JM Financial shares fall to INR 119.13, down 2.5% now vs up 2.2?rlier
--JM Financial shares fall; Apr-Jun consol net profit declines 36% on year
--JM Fincl wealth mgmt recurring AUM INR 333.94 bln on Jun 30, up 7% on year
--JM Fincl wealth mgmt loan book INR 24.17 bln on Jun 30, up 43% on year

 

By Shweta

 

NEW DELHI – JM Financial Ltd. Monday reported a sharp year-on-year fall in consolidated net profit for the June quarter due to higher spending. The fall in the company's net profit was steeper than the fall reported in the March quarter, data available with Informist showed. Sequentially, however, the company's bottom line was up nearly 77%.

 

The company's consolidated net profit for the June quarter fell nearly 36% on year to INR 2.92 billion. Both the interest income and income from fees and commission declined almost 14% on year to INR 4.23 billion and INR 2 billion, respectively. The other operating income fell over 73% on year to INR 45 million.

 

The fall in the company's bottom line was limited by a year-on-year rise in brokerage income and net gain on its assets. The brokerage income rose over 15% on year to INR 1.78 billion and net gain on fair value changes jumped nearly 81% to INR 3.81 billion.

 

With these, the company's total revenue from operations rose over 9% on year to INR 11.96 billion. Total income also grew over 9% on year to INR 12.25 billion. Sequentially, the revenue from operations and total income jumped over 26%.

The Mumbai-headquartered company detailed its June quarter earnings during market hours. At 1447 IST, its shares were at INR 119.31 on the National Stock Exchange, down 2.5% from Friday. The stock eventually closed at INR 120.89, down 1%.

 

The diversified financial services company's total expenditure rose over 45% on year to INR 7.69 billion in the June quarter. The total expenses were higher on year, mainly on the back of other expenses, which were up nearly 26% on year at INR 954 million. Sequentially, the company's total expenses rose nearly 6% during the quarter under review, supported by nearly 49% on-quarter growth in employee benefits expense.

 

As of Jun. 30, JM Financial's consolidated loan assets under management stood at INR 109.2 billion. "We are witnessing early signs of recovery in capital markets which will help us execute our transaction pipeline and improve transactional business revenues," Vice-Chairman and Managing Director Vishal Kampani said in the release. "Recurring AUM and loans in our Wealth Management segment have shown healthy traction."

 

On the company's wealth management business side, recurring assets under management rose 7% on year to INR 333.94 billion. The business's assets under management loan book grew 43% on year to INR 24.17 billion as on Jun. 30, the company said in a press release. Its mutual fund average assets under management for non-liquid schemes stood at INR 105.21 billion, down from INR 112.19 billion in the year-ago quarter.

 

In the affordable homes business, the company's disbursements increased 87% on year to INR 3.6 billion and assets under management rose 28% on year to INR 37.15 billion. Its customer base in the segment increased 31% on year to 35,655. The company added 23 new branches from last year.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

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