JM Financial Ltd-$ — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
JM Financial reported Q1 FY27 net revenue up 13% year-on-year to Rs 883 crore, with pre-provision operating profit up 21% to Rs 469 crore, driven largely by a strong quarter in the Private Markets segment which benefited from large resolutions in distressed credit assets. Corporate Advisory and Capital Markets revenue declined due to weak IPO issuance, while Wealth Management profitability fell on lower transactional activity even as recurring AUM grew. Management said the Affordable Home Loans business posted 87% year-on-year growth in disbursements and 28% growth in AUM.
JM Financial reported FY26 consolidated profit after tax and minority interest of Rs 1,202 crore, up 46% year-on-year, with return on equity of 11.7%. Management described a two-year strategic pivot with growth across Corporate Advisory and Capital Markets, Private Markets, Wealth Management, Asset Management and Affordable Home Loans, while noting that primary market volatility and FPI selling slowed capital markets execution in the fourth quarter. The company also raised its dividend payout, distributing approximately Rs 570 crore over the last four quarters.