JM Financial has reported consolidated net revenue of Rs. 883 crore for the quarter ended June 30, 2026, reflecting a 13 per cent year-on-year increase, while pre-provision operating profit rose 21 per cent to Rs. 469 crore.
The company said profit after tax before provisions and non-controlling interests increased 24 per cent year-on-year to Rs. 379 crore during the quarter.
The distressed credit business delivered one of its strongest quarterly performances, with gross recoveries exceeding Rs. 2,000 crore. JM Financial Group’s share of cash flows from these recoveries stood at over Rs. 1,200 crore.
In the wealth management business, recurring assets under management increased 7 per cent year-on-year to Rs. 33,394 crore, while the loan book expanded 43 per cent to Rs. 2,417 crore.
The affordable home loans business continued to register strong growth. The customer base rose 31 per cent year-on-year to 35,655, while assets under management increased 28 per cent to Rs. 3,715 crore. Disbursements surged 87 per cent to Rs. 360 crore, supported by the addition of 23 branches over the past year.
During the quarter, JM Financial completed nine capital market transactions worth around Rs. 22,000 crore. The company also said it has a strong pipeline of 60 filed initial public offering transactions with an aggregate value of around Rs. 150,000 crore, excluding the filed IPOs of Jio Platforms Limited and National Stock Exchange of India Limited.
Vishal Kampani, Vice Chairman and Managing Director, JM Financial, said the company’s diversified business model helped support earnings despite volatility in capital markets. He noted that the private markets segment generated strong cash flows from the distressed credit business, while early signs of recovery in capital markets are expected to support execution of the company’s transaction pipeline. He added that the wealth management business continued to witness healthy growth in recurring assets under management and loans, while the affordable home loans business reported strong growth in disbursements.
The company ended the quarter with a consolidated net worth of Rs. 10,899 crore and cash and cash equivalents of Rs. 3,814 crore.
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