JM Financial quarterly results and financials

JM Financial (JMFINANCIL)₹112.66+0.98%(9 Nov 2026 close)Holding Company

Key facts

In the Jun 2026 quarter (consolidated), JM Financial reported sales of ₹1,203 Cr, up 8.0% from Jun 2025, and net profit of ₹369 Cr, down 19.6% year on year. For the year to Mar 2026, sales were ₹4,235 Cr and net profit ₹1,201 Cr.

Sales (Jun 2026): ₹1,203 Cr
Net profit (Jun 2026): ₹369 Cr
Sales (FY Mar 2026): ₹4,235 Cr
Net profit (FY Mar 2026): ₹1,201 Cr
EPS (Jun 2026): ₹3.06
Borrowings (Mar 2026): ₹11,646 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

JM Financial quarterly results

₹ crore unless stated; each column is a quarter.

JM Financial Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,200	1,239	1,263	1,079	1,194	1,109	1,006	1,114	1,033	1,001	952	1,203
Expenses	537	431	581	463	702	501	427	262	427	437	459	501
Operating Profit	662	805	679	614	490	605	576	848	604	562	490	698
OPM %	55.0%	65.0%	54.0%	57.0%	41.0%	55.0%	58.0%	76.0%	59.1%	56.0%	52.0%	58.1%
Other Income	17.02	25.05	−832	17.04	21.03	14.01	23.04	10.01	13.03	105	20.02	24.03
Interest	388	400	407	370	343	318	274	251	254	248	246	247
Depreciation	12.96	13.96	13.96	15.97	14.97	15.95	15.96	16.95	18.94	19.95	21.93	21.95
Profit before tax	278	416	−571	245	154	287	311	592	343	399	243	455
Tax %	26.0%	23.0%	18.0%	24.0%	6.0%	28.0%	25.1%	23.0%	26.1%	24.0%	34.1%	19.0%
Exceptional items	0.00	0.00	−744	0.00	0.00	0.00	0.00	0.00	0.00	−16.01	0.00	0.00
Net Profit	206	322	−674	187	144	207	235	459	262	318	162	369
EPS (Rs)	2.05	2.92	−2.40	1.80	2.44	2.20	2.20	4.76	2.83	3.28	1.74	3.06

JM Financial profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

JM Financial Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,689	2,365	3,069	3,503	3,454	3,219	3,734	3,301	4,794	4,418	4,235	4,189
Expenses	460	583	768	745	935	1,012	1,300	1,172	2,020	2,090	1,585	1,824
Operating Profit	1,223	1,773	2,291	2,743	2,509	2,197	2,421	2,116	2,764	2,316	2,636	2,354
OPM %	73.0%	75.0%	75.1%	79.1%	73.0%	69.1%	65.0%	64.0%	58.0%	53.0%	63.0%	56.2%
Other Income	0.00	0.00	35.08	6.01	8.01	15.04	39.05	51.06	−803	43.07	17.02	162
Interest	512	782	1,139	1,445	1,385	1,110	1,082	1,180	1,561	1,305	999	995
Depreciation	19.93	22.95	25.93	26.93	40.87	39.88	37.91	41.86	52.86	63.85	77.74	82.77
Profit before tax	692	970	1,163	1,281	1,092	1,065	1,345	951	352	995	1,578	1,441
Tax %	32.0%	34.0%	33.0%	35.0%	29.0%	24.0%	26.0%	26.0%	92.0%	23.1%	26.1%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−34.02	1.01	−15.01	−16.01
Net Profit	526	649	784	836	778	808	992	709	31.01	774	1,201	1,111
EPS (Rs)	5.09	5.93	7.19	6.82	6.49	6.20	8.11	6.27	4.30	8.61	12.60	10.91
Dividend payout %	29.0%	25.0%	24.9%	14.9%	3.0%	8.0%	19.9%	43.0%	46.9%	30.9%	25.9%	—

JM Financial balance sheet

₹ crore, at each year end.

JM Financial Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	78.01	78.85	78.80	83.86	83.85	83.77	94.77	94.92	94.89	95.73	95.78	95.77
Reserves	2,468	2,831	3,238	4,475	5,048	5,554	6,902	7,595	8,045	8,390	9,636	10,566
Borrowings	4,731	6,680	9,449	15,002	14,013	11,757	12,418	13,523	15,968	16,230	11,518	11,646
Other Liabilities	1,245	1,487	3,789	2,677	3,534	3,367	3,989	4,498	5,162	4,891	3,127	4,064
Total Liabilities	8,522	11,076	16,555	22,237	22,679	20,762	23,404	25,711	29,271	29,605	24,377	26,371
Fixed Assets	444	443	473	426	424	449	422	413	504	571	578	623
CWIP	2.01	1.01	2.01	3.01	1.01	1.01	1.01	3.01	7.03	4.02	10.03	161
Investments	638	770	2,148	2,382	2,925	4,002	5,781	3,629	3,576	4,708	5,449	6,193
Other Assets	7,438	9,862	13,932	19,425	19,329	16,309	17,200	21,665	25,182	24,322	18,340	19,394
Inventories	360	258	0.00	0.00	0.00	0.00	0.00	0.00	102	143	130	128
Trade receivables	228	356	1,182	857	687	325	511	500	1,218	571	648	1,436
Cash & equivalents	835	1,268	871	1,529	1,285	1,332	2,079	2,564	2,396	5,455	4,515	4,875
Total Assets	8,522	11,076	16,555	22,237	22,679	20,762	23,404	25,711	29,271	29,605	24,377	26,371

JM Financial cash flow

₹ crore, for each year.

JM Financial Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−1,719	−918	−2,546	−3,588	773	3,169	970	−3,206	−2,452	3,636	5,569	582
Cash from investing activity	−280	263	−325	−705	−147	−897	−2,241	2,605	−441	−2,084	−2,464	−530
Cash from financing activity	1,787	1,308	2,427	4,547	−523	−2,210	1,298	1,025	2,156	162	−4,795	−116
Net cash flow	−214	649	−446	246	103	57.81	15.95	436	−736	1,702	−1,685	−67.77
Capex	238	20.04	64.08	22.01	18.03	10.02	6.01	17.02	125	54.05	34.02	64.11
Free cash flow	−1,960	−940	−2,620	−3,620	758	3,166	966	−3,230	−2,584	3,596	5,557	528
CFO / OP %	−173.0%	−55.9%	−124.9%	−135.9%	46.1%	141.1%	58.1%	−112.9%	−101.9%	145.1%	249.1%	30.1%

JM Financial ratios

Working-capital days and returns, by year.

JM Financial Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	63	78	183	103	73	35	59	50	136	44	54	125
Cash conversion cycle	61	76	181	101	71	33	57	48	134	42	52	123
Working capital days	−378	−233	−245	−309	−72	234	287	229	410	104	88	106
ROCE %	14.0%	13.0%	15.0%	13.0%	13.0%	12.0%	10.0%	11.0%	8.0%	10.0%	9.0%	12.0%

JM Financial: frequently asked questions

What are the latest quarterly results of JM Financial?

For the Jun 2026 quarter, JM Financial reported sales of ₹1,203 Cr, up 8.0% year on year and net profit of ₹369 Cr, down 19.6% year on year. The operating margin was 58.1%.

What is the annual revenue of JM Financial?

JM Financial's sales for the year to Mar 2026 were ₹4,235 Cr; over the last twelve months they were ₹4,189 Cr.

What is the net profit of JM Financial?

Net profit for the year to Mar 2026 was ₹1,201 Cr, and ₹1,111 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.91.

How much debt does JM Financial have?

JM Financial reported borrowings of ₹11,646 Cr at Mar 2026, against cash and equivalents of ₹4,875 Cr.

What is the free cash flow of JM Financial?

Cash from operations was ₹582 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹528 Cr.

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