Jm Financial Limited · NSE:JMFINANCIL
Jm Financial — Q1 FY27 Earnings Presentation
30 slides from Jm Financial's earnings presentation, Aug 3, 2026
Slide 1: Investor Presentation filing letter to BSE and NSE
August 3, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza 1st Floor, New Trading Ring Plot No.C-1, G Block Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Security Code: 52
Slide 2: JM Financial Limited – Q1FY27 Results Update
JM Financial Limited – Q1FY27 Results Update
Slide 3: Disclaimer/ Safe Harbor
Disclaimer/ Safe Harbor This presentation and the following discussion may contain certain words or phrases that are “forward looking statements” by JM Financial Limited (together with its subsidiaries and associates), referred to as (“JM Financial” or “JMFL” or “the Company”) that are not historica
Slide 4: Table of Contents
Table of Contents Section 1 Overview Section 2 Segment Performance Section 3 Annexure 2
Slide 5: Section 1: Overview
Section : 1 Overview A JM Financial
Slide 6: JM Financial: Focus on High Growth and High Returns Businesses
JM Financial : Focus on High Growth and High Returns Businesses ✓ Leadership; Best in class relationships Corporate Advisory and Capital Markets ✓ Strong sticky repeat business Investment Banking, Institutional Equities ✓ Highest ever client addition ✓ Expanding wallet share of clients ✓ Pipeline of
Slide 7: Financial Performance Highlights
Financial Performance Highlights Q1 FY27 (Rs Cr) YoY (Increase) Net Revenue 883 13% Pre-provision operating profit 469 21% PAT (ex-provisions) before NCI* 379 24% Networth 10,899 7% Gross resolutions of over Rs. 2,000 crore; The Group’s share of cashflows Distressed Credit is over Rs. 1,200 crore fo
Slide 8: Operating Performance Highlights
Operating Performance Highlights Q1 FY27 YoY (Increase) Wealth - (RMs and Sales Employee Count) 1,004 6% (57) Wealth - Recurring AUM (Rs. Cr) 33,394 7% Wealth – Loans (Rs. Cr) 2,417 43% Affordable Home Loans AUM (Rs. Cr) 3,715 28% ~Rs.1,50,000 crore across 60 transactions* Filed IPO Transactions (IP
Slide 9: Summary Consolidated Profit & Loss Statement
Summary Consolidated Profit & Loss Statement Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26^ Net Revenue 883 779 13.3% 584 51.2% 2,749 Employee cost 297 299 -0.8% 200 48.6% 1,054 Operating expenses 117 92 26.8% 143 -17.9% 443 Pre Provisioning profit (PPoP) 469 389 20.9% 241 94.3% 1,252
Slide 10: Summary Consolidated Balance Sheet
Summary Consolidated Balance Sheet Sr. No. Particulars (Rs Cr) June 30, 2026 March 31, 2026 A Assets 1 Business assets* 24,185 24,490 2 Treasury and other assets** 1,609 1,995 TOTAL (1+2) 25,794 26,485 B Equity and Liabilities 1 Capital Employed 11,197 10,898 - Net Worth 10,899 10,605 - Non-controll
Slide 11: Key Parameters
Key Parameters Q1 FY27 FY26 Particulars (Rs Cr) % % Loan Capital Loan Book/ Capital Revenue PAT* Effective Revenue PAT* Effective Book/ Employed AUM** Employed Holding Holding AUM** Corp Advisory and Capital Markets 861 138 32 100% - 829 946 347 100% - Private Markets# 6,814 596 235 96.7%^ 16,941 6,
Slide 12: Section 2: Segment Performance
Section : 2 Segment Performance 10
Slide 13: Corporate Advisory and Capital Markets
Corporate Advisory and Capital Markets Clients Products / Services Business Priorities Q1FY27 Highlights ➢ M&A and ➢ Expand the depth and ➢ Closed 9 equity capital market transactions of ~Rs. Promoters Restructuring advisory breadth of the client base 22,000 crore practice ➢ 60 filed IPO transaction
Slide 14: Private Markets
Private Markets Clients Products / Services Business Priorities Q1FY27 Highlights ➢ One of the best quarters for ARC business. Strong Corporates ➢ Private Credit ➢ Deliver on franchise enhancing resolutions in Distressed credit of over Rs. 2,000 (Corporate, Bespoke, syndication along with crore; Gro
Slide 15: Private Markets
Private Markets Standard Loans (Rs. Cr) Loan Book and Security Receipts ➢ Yield for Q1FY27 : ~14% 4,923 4,010 4,045 ➢ Disbursements at ~Rs. 831 crore (primarily in Bespoke) during the quarter 538 3,878 3,725 1,444 391 228 191 297 817 1,236 1,009 1,097 ➢ Strong resolutions in security receipts 2,941
Slide 16: Wealth Management
Wealth Management Clients Products / Services Business Priorities Q1FY27 Highlights ➢ Distribution ➢ Focus on productivity ➢ Recurring AUM: Rs. 33,394 Cr, up 7% YoY UHNI / HNI ➢ Building scale - tap the ➢ Loans: Rs. 2,417 Cr, up 43% YoY (not included in Mass Affluent ➢ Securities Broking opportuniti
Slide 17: Wealth Management
Wealth Management Wealth RMs Sales Employees Branch Network Franchisee Network 4% 801 71 874 872 203 773 68 3 17% 174 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Total Wealth AUM* (Rs. Cr) Recurring AUM [ex. Loans] (Rs. Cr) Loans (Rs. Cr) Cash market share (%) 33,394 2,417 1,14,228 1,12,
Slide 18: Asset Management
Asset Management Clients Products / Services Business Priorities Q1FY27 Highlights ➢ Mutual Fund ➢ Further building scale and ➢ MF Average AUM : Rs. 13,205 Cr (Q1FY26: Rs. UHNI / HNI engagement 13,969 Cr) Mass Affluent ➢ Equity and Debt AIFs ➢ MF Average AUM of Equity Schemes : Rs. 10,131 Cr ➢ Activ
Slide 19: Asset Management
Asset Management MF AAUM (Rs. Cr) MF Management Fees (Rs. Cr) Equity MF Yields (%) 13,969 13 0.47% 13,205 62% 74% 10,781 10,131 8 0.27% 438 390 2,750 2,683 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Equity Debt Others (Liquid) Folios 9.2 8.6 (lakhs) SIP Book per month (Rs. Cr) Active Partners # Emplo
Slide 20: Affordable Home Loans
Affordable Home Loans Clients Products / Services Business Priorities Q1FY27 Highlights ➢ AUM : Rs. 3,715 Cr, up by 28% YoY Retail – Salaried ➢ Home Loans ➢ Build Scale ➢ Portfolio assigned : Rs. 103 Cr Retail – Self Employed ➢ Loan Against Property ➢ Increase Productivity ➢ Branch network : 151; Em
Slide 21: Affordable Home Loans
Affordable Home Loans AUM (Rs. Cr) Disbursement (Rs. Cr) Split of branches (151) - 9 States (%) On-book % 86% 79% 5% 4% 1% 3,715 360 28% 6% 26% 87% 10% 2,911 193 12% 22% 14% Q1FY26 Q1FY27 Q1FY26 Q1FY27 GUJARAT MAHARASHTRA TAMIL NADU TELANGANA MADHYA PRADESH ANDHRA PRADESH KARNATAKA RAJASTHAN CHHATTI
Slide 22: Affordable Home Loans – Five year track record
Affordable Home Loans – Five year track record Branches and Employees Disbursements (Rs Cr) AUM (Rs Cr) ATS Employees 530 870 1,313 1,844 2,106 (lakhs) 14.0 14.7 11.9 10.8 11.0 3,460 151 # of FY22-26 CAGR: 38% FY22-26 CAGR: 29% Customers 3,037 4,850 8,345 8,375 9,858 2,832 128 added 112 1,185 1,173
Slide 23: Segment Performance
Segment Performance Segment Revenue (Rs Cr) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26^ Corporate Advisory and Capital Markets 138 215 -35.9% 170 -18.9% 946 Private Markets 596 390 53.0% 294 2.0x 1,298 Wealth Management* 351 354 -0.9% 381 -7.9% 1,403 Asset Management* 20 15 36.3% 17 16.3% 56 Affordabl
Slide 24: Corporate Advisory & Capital Markets
Corporate Advisory & Capital Markets Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26 Segment Net worth + NCI 861 714 20.5% 829 3.8% 829 Net Revenue 115 182 -36.9% 119 -3.8% 789 Employee cost 58 70 -17.1% 47 22.4% 265 Operating expenses 19 16 18.8% 20 -5.0% 72 Operating PBT^ 38 96 -61.2%
Slide 25: Private Markets
Private Markets Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26^ Segment Net worth + NCI** 6,814 6,457 5.5% 6,578 3.6% 6,578 Net Revenue# 462 233 2.0x 154 3.0x 682 Impairment on Financial Instruments 4 (212) N/M (3) N/M (258) Employee cost 58 48 20.5% 8 7.6x 108 Operating expenses 29 20
Slide 26: Wealth and Asset Management
Wealth and Asset Management Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26^ Segment Net worth + NCI 1,282 1,222 4.9% 1,267 1.2% 1,267 Net Revenue 204 225 -9.4% 210 -2.6% 827 Impairment on Financial Instruments 4 1 N/M 1 N/M 4 Employee cost 127 134 -5.2% 94 35.0% 482 Operating expenses
Slide 27: Affordable Home Loans
Affordable Home Loans Particulars (Rs Cr) Q1 FY27 Q1 FY26 YoY % Q4 FY26 QoQ % FY26^ Segment Net worth + NCI 851 765 11.3% 833 2.2% 833 Total Income 123 100 22.1% 128 -3.7% 455 Finance cost 44 36 19.0% 40 9.4% 153 Net Total Income 79 64 23.9% 88 -9.6% 302 Impairment on Financial Instruments 4 5 -9.5%
Slide 28: Section 3: Annexure
Section : 3 Annexure A JM Financial 2
Slide 29: Effective Shareholding: June 30, 2026
Effective Shareholding : June 30, 2026 Effective Ownership of Name of the Subsidiary / Associate Company JM Financial Limited June 2026 JM Financial Credit Solutions Limited 100.0% JM Financial Products Limited 99.8% JM Financial Institutional Securities Limited 100.0% JM Financial Home Loans Limite
Slide 30: JM Financial Home Loans – RoA Analysis
JM Financial Home Loans – RoA Analysis* Particulars (Rs Cr) Q1FY27 Q1FY26 Total Income 16.2% 15.6% Finance cost 5.7% 5.7% Net Total Income 10.5% 9.9% Operating expenses 6.9% 6.6% Impairment on Financial Instruments 0.6% 0.7% PBT 3.0% 2.6% Tax expense 0.7% 0.4% ROA 2.3% 2.2% * Above analysis is based