JM Financial's Q1 FY 2025-26 Quarterly Results

Result Summary

• JM Financial Ltd reported a 12.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.5%.
• Its expenses for the quarter were down by 1.7% QoQ and 5.5% YoY.
• The net profit decreased 168.1% QoQ and increased 145.4% YoY.
• The earnings per share (EPS) of JM Financial Ltd stood at 4.7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

JM Financial Ltd is a prominent financial services group in India, known for offering a wide array of services including investment banking, wealth management, and alternative investments. The company operates primarily in the financial services industry, catering to both individual and institutional clients. The firm has a strong presence in the Indian financial market, providing services that include equity and debt capital market activities, advisory services, and asset management. There are no specific recent major developments provided in the data, but JM Financial Ltd typically involves itself in strategic initiatives to enhance its service offerings and market reach.

Revenue

For the first quarter of the financial year 2026 (Q1FY26), JM Financial Ltd reported a total income of ₹1121.23 crores. This marks a decrease of 12.1% from the previous quarter (Q4FY25), where the total income was ₹1276.12 crores. However, when compared year-over-year (YoY) with Q1FY25, where the total income was ₹1093.87 crores, there is an increase of 2.5%. This indicates a slight upward trend in revenue generation on an annual basis, despite a quarter-over-quarter decline. The revenue figures reflect the company's ability to maintain its income levels over the year, which is crucial in the financial services industry where market conditions can be volatile.

Profitability

In terms of profitability, JM Financial Ltd recorded a profit before tax of ₹592.56 crores in Q1FY26, showcasing a significant recovery from a loss of ₹572.12 crores in the previous quarter (Q4FY25). The YoY comparison also shows a substantial increase from a profit before tax of ₹245.25 crores in Q1FY25, marking an improvement of 141.6%. The profit after tax for Q1FY26 was ₹458.77 crores, which also reflects a notable improvement from a loss of ₹674.10 crores in Q4FY25 and an increase from ₹186.98 crores in Q1FY25, representing a 145.4% rise YoY. The earnings per share (EPS) rose to ₹4.70 in Q1FY26 from ₹1.80 in Q1FY25, despite a negative EPS of ₹-2.40 in Q4FY25, further indicating a recovery in profitability.

Operating Metrics

The total expenses for JM Financial Ltd in Q1FY26 were ₹733.12 crores, which is a slight decrease of 1.7% from ₹745.70 crores in Q4FY25. Compared to Q1FY25, where total expenses were ₹776.16 crores, there is a 5.5% decrease YoY. This reduction in expenses indicates efficiency in managing operational costs. The tax expense for Q1FY26 was ₹134.98 crores, higher than ₹102.76 crores in Q4FY25, representing a 31.4% QoQ increase, and also up from ₹59.47 crores in Q1FY25, showing a 127.0% YoY increase. Despite the increase in tax expenses, the company has managed to enhance its profitability metrics, indicating effective cost and tax management strategies.