JM Financial Ltd (BOM:523405)

Q4 2026 JM Financial Ltd Earnings Call Transcript

Jun 1, 2026 / 10:30 AM GMT

Release Date Price: ₹118.85 (-8.72%)

Transcript

Key Points

Positve

JM Financial Ltd (BOM:523405) reported a 46% year-on-year increase in profit after tax and minority interest, reaching Rs.1,202 crores.
The Corporate Advisory and Capital Markets segment saw a revenue growth of 26% over two years, with a healthy operating profit margin of 48%.
The wealth management segment expanded its talent base, leading to a 17% revenue growth and over 40% profit growth in the last two years.
The asset management business experienced a 37% revenue growth, with significant interest in new pre-IPO and credit funds.
Affordable home loans business reported a strong AUM growth of INR3,500 crores, with a profit growth of over 75% in the last two years and a collection efficiency close to 99%.

Negative

Market volatility and geopolitical tensions have impacted the execution of IPOs, with a slowdown in primary issuances affecting the capital markets segment.
Despite a strong pipeline, the execution of transactions in the Corporate Advisory and Capital Markets segment may be slow due to continued FPI selling.
The private markets segment, while showing profit growth, is still facing challenges in achieving risk-adjusted returns in real estate lending.
The wealth management segment, despite growth, has a subdued ROE due to significant investments made in the last three years.
The asset management business is expected to see a burn for two more years as it scales and grows, impacting short-term profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JMSH.NS - JM Financial Ltd
Q4 2026 JM Financial Ltd Earnings Call
Jun 01, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the earnings conference call of JM Financial Limited.

As a reminder, all participle lines will remain in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal the operator by pressing then 0 on your touch tone telephone.

Kindly note that any forward-looking statements made on this call are based on the management's current expectations.

However, the actual results may vary significantly and therefore the accuracy and completeness of this expectation cannot be guaranteed.

Please note that this conference is being recorded.

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