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JM Financial Q3FY26 PAT Jumps 50% YoY to ₹313 Cr; 9MFY26 PAT Up 69% to ₹1,037 Cr

JM Financial Limited

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February 5, 2026, 03:37 PM

JM Financial reported Q3FY26 consolidated PAT of ₹313 crore, up 50% YoY. 9MFY26 consolidated PAT increased 69% YoY to ₹1,037 crore. Fees and commission income grew 32% YoY to ₹306 crore. Wealth management AUM rose 33% to ₹33,144 crore. Affordable Home Loans AUM increased 23% to ₹3,183 crore.

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JM Financial Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company reported a consolidated Profit After Tax (PAT) of ₹313 crore for Q3FY26, marking a 50% year-on-year increase. For the nine months ended December 31, 2025 (9MFY26), the consolidated PAT surged by 69% YoY to ₹1,037 crore.

Key highlights for Q3FY26 include a 32% YoY increase in fees and commission income to ₹306 crore, and an operating PAT increase of 17% YoY to ₹244 crore. The wealth management segment showed significant expansion, with sales and relationship managers (RMs) headcount increasing by 41% YoY to 1,057, addition of 11 branches YoY, and recurring Assets Under Management (AUM) growing by 33% YoY to ₹33,144 crore. The mutual fund average AUM for non-liquid schemes increased by 15% YoY to ₹12,021 crore. The Affordable Home Loans AUM grew by 23% YoY to ₹3,183 crore, with the customer base crossing 30,000 (a 32% YoY increase). In the equity capital market, JM Financial closed 37 transactions totaling approximately ₹87,000 crore in CY25, maintaining its position as #1 in IPOs by number of deals greater than ₹500 crore.

Mr. Vishal Kampani, Vice Chairman and Managing Director, highlighted the encouraging execution of strategies, particularly in Private Markets and the expansion of wealth and asset management businesses. He noted the robust pipeline of syndication transactions and recoveries in Private Markets, alongside strong growth in recurring AUMs in wealth management. The Corporate Advisory and Capital Markets segment has also seen diversification in client revenues.

Segment-wise performance for Q3FY26 shows Corporate Advisory and Capital Markets contributing ₹89 crore (up 12% YoY), Wealth Management at ₹19 crore (down 37% YoY), Private Markets at ₹111 crore (up 82% YoY), and Affordable Home Loans at ₹22 crore (up 53% YoY). For the nine months ended December 31, 2025, Corporate Advisory and Capital Markets reported ₹308 crore (up 39% YoY), Wealth Management at ₹93 crore (flat), Private Markets at ₹466 crore (up 3.6x YoY), and Affordable Home Loans at ₹49 crore (up 32% YoY).

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