JM Financial Limited share price

Key numbers

Market cap

₹ 12,219 Cr

Current price

₹ 127.68

52-week high / low

₹ 183 / 112

Stock P/E

11.7

Book value

₹ 111.4

Dividend yield

1.37%

ROCE

11.8%

ROE

11.8%

Debt to equity

1.09

Sales growth (3 yrs)

19.1%

Profit growth (3 yrs)

26.3%

1-year return

-25.4%

About JM Financial Limited

JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. It operates through Corporate Advisory and Capital Markets; Wealth and Asset Management; Private Markets; and Affordable Home Loans segments. The Corporate Advisory and Capital Markets segment caters to institutional, corporate, promoters, government and clients, including investment banking, and institutional equities and research. The Wealth and Asset Management segment provides wealth management business, broking, PMS, Equity and Debt AIFs, and mutual fund business. The Private Market segment comprises of private credit, such as corporate, bespoke, real estate and distressed credit; and Private equity funds, REITs, etc. The Affordable Home Loans segment provides affordable home loans including the affordable housing finance business. The company also provides real estate consulting and capital market lending services. The company was formerly known as J.M. Share and Stock Brokers Private Limited and changed its name to…

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-08-10)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

• On the financial numbers for Q1 FY27, net revenue increased by 13% Y-o- Y to INR883 crores, and pre-provision operating profit increased by 21%.
• We closed 9 Ca pital Markets transact ions aggregating to approximately INR22,000 crores in Q1 FY27.

Growth & demand

• Even if you were to exclude those two large IPOs, we've seen a decent growth, and the pipeline is at INR150,000 crores.
• On our Affordable Housing business, it reported a strong Y-o-Y growth in disbursements of 87% and a 28% Y-o-Y growth in AUM.

Margins & costs

• Pre-provision operating profit increased by 21% year-on-year to INR469 crores, and PAT (ex-provisions) before minorities increased by 24% Y-o-Y to INR379 crores.
• Net revenue for Q1 FY27 doubled to INR462 crores and pre-provision operating profit grew almost 2.3x to INR375 crores.

Capex & expansion

• We're expecting very good numbers in most of these funds and we continue to invest in the Asset Management business.
• So our investment in the INR12,000 crores is INR3,114 crores.

Balance sheet & cash

• In Private Markets, we witnessed one of the best quarters for our Asset Reconstruction business with very strong resolutions in distressed credit assets during the quarter, where we collected over INR2,000 crores and the group share of that cash flow was over INR1,200 crores.
• Gross resolutions were over INR2,000 crores, of which group share of cash flows was over INR1,200 crores.

Peers in Capital Markets

• Billionbrains Garage Ventures Limited
• Motilal Oswal Financial Services Limited
• Authum Investment & Infrastructure Limited
• Central Depository Services (India) Limited
• Angel One Limited
• Choice International Limited
• IIFL Capital Services Limited
• Indian Energy Exchange Limited
• Share India Securities Limited
• SG Finserve Limited