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JM Financial share price & results

JM Financial Limited· Financial Services

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Diversified financial services group: investment banking, wealth/asset management, private credit, home loans.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue82.3 ₹ crore−66.6% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin4.3 %−62.6 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit2.5 ₹ crore−98.1% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity10.35 %+2.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin12.48 %−62.3 ptsFY Mar 2026 vs FY Mar 2024Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-5.26 %+3.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 4 judged targets kept · 17 open · verdicts reflect calls analysed to Q1 FY27.

JM Financial Limited management guidance track record on Inve: 21 targets tracked across analysed earnings calls (1 achieved, 3 missed, 17 open).

TargetOriginal wordingSaidLatest callVerdict
Wholesale Loan BookComplete rundown of the wholesale book in the next 12-15 months.
Call transcript, Q3 FY25 · 29 Jan 2025		Q3 FY25Q1 FY27:Promise was achieved in Q3 FY26 and was not discussed.
Call transcript, Q1 FY27 · 4 Aug 2026		Achieved
Affordable Home Loans AUMReach Rs. 5,000 crores AUM by FY27 and Rs. 10,000 crores by FY30.
Call transcript, Q4 FY25 · 13 May 2025		Q4 FY25Q1 FY27:AUM reached INR 3,715 crores, with YoY growth accelerating to 28%. However, the required quarterly growth to hit INR 5,000 cr by Q4 FY27 is ~10.5%, while current QoQ growth is 7.3%. The target remains at risk.
Call transcript, Q1 FY27 · 4 Aug 2026		At Risk
Home Loan Business IPOPlan an IPO and listing sometime in 2028 or 2029.
Call transcript, Q1 FY26 · 12 Aug 2025		Q1 FY26Q1 FY27:Management reiterated the plan, stating they 'focus on listing that separately in a span of 2 to 3 years.' This timeline is consistent with the original target.
Call transcript, Q1 FY27 · 4 Aug 2026		On Track

Source: Inve Guidance Tracker for JM Financial Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of JM Financial Limited's 21 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.

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Price

₹107.22 +0.97% · +₹1.03

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −37.5% 1Y

₹120₹140₹160Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 1 Jun 2026Q1 FY27 — 4 Aug 2026

1Y: ₹171.49 on 24 Oct 2025 → ₹107.22. High ₹171.49 (24 Oct 2025), low ₹106.19 (23 Oct 2026).

Previous close
₹106.19
Market cap
₹10.3k Cr
52-week range
₹106.19 – ₹171.16
One year
−36.85%
Price to earnings (TTM to Jun 2026)
9.73×
Return on equity (TTM to Jun 2026)
10.35%

Overview

Symbol
NSE:JMFINANCIL
Exchange
NSE
Currency
INR

What JM Financial Limited does

Based on the company's own presentations, annual report and earnings calls.

JM Financial is a diversified Indian financial services group operating an integrated investment bank (M&A/restructuring advisory, equity capital markets, institutional equities and research) alongside private markets lending (corporate, bespoke and real-estate private credit, syndication and private investments), wealth management (distribution, broking, PMS and advisory for UHNI/HNI, mass affluent, institutional and family-office clients), mutual fund asset management, and an affordable home loans business (home loans and loan-against-property for salaried and self-employed retail borrowers). It earns through advisory and placement fees, brokerage and distribution commissions, fund management fees, and interest income on its lending books.

Segments

  • Corporate Advisory and Capital Markets
  • Private Markets
  • Wealth Management
  • Asset Management
  • Home Loans (Affordable Home Loans)
Group employees
4,680 (FY25)
Presence across cities in India
224 (FY25)
Wealth Management branch network
72 branches
Wealth Management franchisee network
874 franchisees
Wealth RMs and sales employees
1,046
Affordable Home Loans branch network
151 branches across 9 states
Founded 1986Headquarters Mumbai, Maharashtra, IndiaEmployees 4,680 (FY25 (March 31, 2025)) Company website

How the price took the results

close before → close after

Q1 FY27
+2.2%
4 Aug
Q4 FY26
−8.9%
1 Jun
Q3 FY26
−2.1%
6 Feb
Q2 FY26
−1.9%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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