JM Financial's Q2 FY 2025-26 Quarterly Results

Result Summary

• JM Financial Ltd reported a 6.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 13.8%.
• Its expenses for the quarter were down by 3.5% QoQ and 14.6% YoY.
• The net profit decreased 42.9% QoQ and increased 81.6% YoY.
• The earnings per share (EPS) of JM Financial Ltd stood at 2.82 during Q2 FY 2025-26.

Financial Statments for Q2 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 player in the financial services sector in India. The company offers a diverse range of services, including investment banking, wealth management, securities broking, and asset management. JM Financial has established a strong presence in India and caters to a broad clientele, including corporations, financial institutions, and high-net-worth individuals. The company is known for its expertise in handling complex financial transactions and providing strategic financial advice. As of the information available up to October 2023, any recent major developments or strategic initiatives of JM Financial are not specified.

Revenue

For the quarter ending Q2FY26, JM Financial Ltd reported a total income of ₹1044.28 crores, which represents a quarter-over-quarter (QoQ) decline of 6.9% from ₹1121.23 crores recorded in Q1FY26. When compared to the same period in the previous year, Q2FY25, where the total income was ₹1211.21 crores, there is a year-over-year (YoY) decrease of 13.8%. This decline in revenue over both periods reflects a challenging scenario in terms of income generation for the company during Q2FY26.

Profitability

The profitability metrics for JM Financial Ltd for Q2FY26 indicate a profit before tax (PBT) of ₹344.39 crores, which is a significant decrease of 41.9% QoQ from ₹592.56 crores in Q1FY26. However, when compared to Q2FY25, where the PBT was ₹153.60 crores, there is a YoY increase of 124.2%. The tax expense for Q2FY26 was ₹89.46 crores, down 33.7% from the previous quarter. The profit after tax (PAT) for Q2FY26 stood at ₹261.89 crores, reflecting a decrease of 42.9% QoQ from Q1FY26 but an increase of 81.6% YoY from Q2FY25. The earnings per share (EPS) for Q2FY26 was ₹2.82, which shows a decrease of 40.5% QoQ from the preceding quarter's ₹4.74, and a 16.0% increase YoY from ₹2.43 in Q2FY25.

Operating Metrics

The total expenses for JM Financial Ltd in Q2FY26 amounted to ₹707.61 crores, marking a reduction of 3.5% QoQ from ₹733.12 crores in Q1FY26. In comparison to Q2FY25, where the total expenses were ₹828.58 crores, there is a YoY decrease of 14.6%. This reduction in expenses over both periods suggests a continued focus on cost management. As part of the financial analysis, key ratios such as the P/E ratio, debt-to-equity ratio, and current ratio would typically be calculated to further analyze the company’s financial health. However, specific data required for these calculations is not provided in the current dataset.