Jm Financial Limited · NSE:JMFINANCIL
Jm Financial — Q1 FY26 Earnings Presentation
28 slides from Jm Financial's earnings presentation, Aug 11, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
August 11, 2025 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: 5
Slide 2: JM Financial Limited – Q1FY26 Results Update
JM Financial Limited – Q1FY26 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 RoE Businesses
JM Financial : Focus on High Growth and High RoE Businesses ✓ Leadership Corporate Advisory and Capital Markets ✓ Best in class relationships Investment Banking, Institutional Equities ✓ Strong sticky repeat business ✓ Highest ever client addition ✓ Expanding wallet share of clients ✓ Strong multi-d
Slide 7: Highest ever quarterly operating PAT; Networth > Rs.10,000 crore
Highest ever quarterly operating PAT; Networth > Rs.10,000 crore Q1 FY26 (Rs Cr) YoY (% Change) Net Revenue 779 22% PPoP 389 22% PAT 454 166% Networth 10,174 18% Non Core and RE Loan Book 2,655 62% Over last 12 months JMF ARC share of recoveries stood at Rs.1,368 crore Recovery for JMF ARC* which ha
Slide 8: Strong growth across business segments
Strong growth across business segments Q1 FY26 YoY (Change) Wealth - (RMs and Sales Employee Count) 947 45% Wealth – Branches 68 13 Wealth - Recurring AUM (Rs. Cr) 31,180 37% MF – Non Liquid AUM (Rs. Cr) 11,998 65% Affordable Home Loans AUM (Rs. Cr) 2,911 29% Over Rs.1,00,000 crore across 45 transac
Slide 9: Summary Consolidated Profit & Loss
Summary Consolidated Profit & Loss Particulars (Rs Cr) Q1 FY26 Q1 FY25 YoY % Q4 FY25 QoQ % FY25 Net Revenue 779 636 22.5% 665 17.1% 2,805 Employee cost 299 231 29.1% 220 36.0% 963 Operating expenses 92 87 5.9% 127 -27.4% 420 Pre Provisioning profit (PPoP) 389 318 22.2% 318 22.0% 1,422 Impairment on
Slide 10: Summary Consolidated Balance Sheet
Summary Consolidated Balance Sheet Sr. Particulars (Rs Cr) As at June 30, 2025 As at March 31, 2025 As at June 30, 2024 No. A Assets 1 Business assets* 22,131 22,182 26,289 2 Treasury and other assets** 1,847 2,270 2,716 TOTAL (1+2) 23,978 24,452 29,005 B Equity and Liabilities 1 Capital Employed 10
Slide 11: Key Parameters
Key Parameters Q1FY26 FY25 Particulars (Rs Cr) Capital % Effective Loan Book/ Capital Loan Book/ PAT* PAT* Employed Holding AUM** Employed AUM** Corp Advisory and Capital Markets 714 77 100% - 638 322 - YoY (%) 88% 33% Wealth Management 1,074 44 100% 1,17,632 1,032 129 1,12,874 YoY (%) 55% 6% 82% 11
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 Q1FY26 Highlights ➢ Expand the depth and Promoters ➢ M&A and Restructuring ➢ #1 in Equity Capital Markets with 10 Marquee breadth of the client base advisory practice transactions Corporates ➢ Equity Capital Marke
Slide 14: Wealth Management
Wealth Management Clients Products / Services Business Priorities Q1FY26 Highlights ➢ Distribution ➢ Strong flow of transactions ➢ Expand Infrastructure (physical, digital and UHNI / HNI talent) ➢ Added 13 branches YoY; Sales and ➢ Securities Broking Mass Affluent wealth RMs headcount has increased
Slide 15: Wealth Management
Wealth Management Wealth RMs Total Wealth AUM* (Rs. Cr) Recurring AUM (Rs. Cr) Loans (Rs. Cr) 174 91%% 7% 37% 31,180 1,14,228 1,691 7% 22,759 1,06,346 1,583 91 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q4FY25 Q1FY26 % of AUM 21.4% 27.3% Sales Employees Expanding Branch Network Expanding Franchisee N
Slide 16: Asset Management
Asset Management Clients Products / Services Business Priorities Q1FY26 Highlights UHNI / HNI ➢ Mutual Fund ➢ Further building scale and ➢ Closing MF AUM : Rs. 13,901 Cr (June engagement 2024: Rs. 9,318 Cr) Mass Affluent ➢ Equity and Debt AIFs ➢ Active equity MF management ➢ Closing MF AUM of Equity
Slide 17: Asset Management
Asset Management AAUM (Rs. Cr) AUM - Non Liquid (Rs. Cr) SIP Book per month (Rs. Cr) 79% 13,969 65% 11,998 % % 120 155% % 7,799 7,285 47 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Jun'24 Jun'25 Folios (Lakhs) Active Partners # Employees 9.2 5,498 130%% 63%% 17%% 202 3,381 4.0 173 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25
Slide 18: Private Markets
Private Markets Clients Products / Services Business Priorities Q1FY26 Highlights ➢ Deliver on franchise enhancing Corporates ➢ Private Credit ➢ In line with the guidance, loan book has reduced syndication along with consistent to Rs. 5,649 Cr in Q1FY26 v/s Rs. 9,910 Cr in (Corporate, Bespoke, risk
Slide 19: Private Markets
Private Markets Focused Loan Book (Rs. Cr) Loan Book ➢ Yield for Q1FY26 : 12.8% (Q1FY25 : 13.4%) 5,751 4,942 5,057 4,574 ➢ Disbursements at Rs. 1,014 crore primarily in loan against shares (LAS) 1,738 1,477 2,154 2,994 ➢ Strong recoveries and repayments in the real estate loan book 4,013 3,097 2,788
Slide 20: Affordable Home Loans
Affordable Home Loans Clients Products / Services Business Priorities Q1FY26 Highlights ➢ Home Loans ➢ Build Scale Retail – Salaried ➢ AUM : Rs. 2,911 Cr (Rs. 2,259 Cr in Q1FY25) ➢ Loan Against ➢ Increased Productivity ➢ Portfolio assigned : Rs.75 Cr (Rs.95 Cr in Q1FY25) Property Retail – Self Emplo
Slide 21: Affordable Home Loans
Affordable Home Loans AUM (Rs. Cr) Disbursement (Rs. Cr) Diversified split of branches – 9 States (%) 2,911 193 4% 4% 0% 29% 6% % 9% 29% 66% % 12% 2,259 13% 22% 116 GUJARAT MAHARASHTRA TAMIL NADU Q1FY25 Q1FY26 Q1FY25 Q1FY26 TELANGANA MADHYA PRADESH ANDHRA PRADESH KARNATAKA RAJASTHAN CHHATTISGARH Div
Slide 22: Section 3: Annexure
Section : 3 Annexure 20 A JM FINANCIAL
Slide 23: Segment Performance
Segment Performance Segment Revenue (Rs Cr) Q1 FY26 Q1 FY25 YoY % Q4 FY25 QoQ % FY25 Corporate Advisory and Capital Markets 215 140 53.7% 218 -1.2% 788 Wealth and Asset Management 369 317 16.5% 352 4.6% 1,360 Private Markets 390 517 -24.6% 327 19.2% 1,834 Affordable Home Loans 100 93 7.6% 100 1.0% 3
Slide 24: Corporate Advisory and Capital Markets
Corporate Advisory and Capital Markets Particulars (Rs Cr) Q1 FY26 Q1 FY25 YoY % Q4 FY25 QoQ % FY25 Segment Net worth + NCI 714 380 87.9% 638 11.9% 638 Net Revenue 182 119 53.1% 199 -8.8% 713 Impairment on Financial Instruments 2 1 N/M # N/M # Employee cost 70 53 31.2% 47 47.5% 235 Depreciation 3 3
Slide 25: Wealth and Asset Management
Wealth and Asset Management Particulars (Rs Cr) Q1 FY26 Q1 FY25 YoY % Q4 FY25 QoQ % FY25 Segment Net worth + NCI 1,222 1,077 13.5% 1,188 2.9% 1,188 Net Revenue 225 175 28.9% 198 14.0% 752 Impairment on Financial Instruments 1 3 -29.7% (7) N/M 1 Employee cost 134 99 35.1% 104 28.8% 419 Depreciation 1
Slide 26: Private Markets
Private Markets Particulars (Rs Cr) Q1 FY26 Q4 FY25 QoQ % Q1 FY25 YoY % FY25 Segment Net worth + NCI* 6,457 6,171 4.6% 7,147 -9.7% 6,171 Net Revenue 233 144 61.6% 226 2.8% 878 Impairment on Financial Instruments (212) 10 N/M 65 N/M 411 Employee cost 48 19 149.9% 44 9.3% 144 Depreciation 5 5 -5.2% 5
Slide 27: Affordable Home Loans
Affordable Home Loans Particulars (Rs Cr) Q1 FY26 Q1 FY25 YoY % Q4 FY25 QoQ % FY25 Segment Net worth + NCI 765 603 26.9% 749 2.1% 749 Total Income 100 93 7.6% 100 1.0% 363 Finance cost 36 30 19.8% 35 5.9% 131 Net Total Income 64 63 1.7% 65 -1.6% 232 Impairment on Financial Instruments 5 5 -11.2% 5 2
Slide 28: Effective Shareholding: June 30, 2025
Effective Shareholding : June 30, 2025 Effective Ownership of Name of the Subsidiary / Associate Company JM Financial Limited June 2025 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