JM Financial Limited reported its highest ever annual consolidated profit after tax of Rs 1,202 crore for the financial year ended March 31, 2026, a 46% increase from Rs 821 crore in the previous year. The board proposed a final dividend of Rs 1.75 per share. Total dividend for FY26 is Rs 3.25 per share, compared with Rs 2.70 per share in FY25. Return on equity stood at approximately 12%.
Fees, commission and brokerage income rose 10% year-on-year to Rs 1,753 crore. Consolidated net worth stood at Rs 10,605 crore as of March 31, 2026, against Rs 9,675 crore a year earlier. Earnings per share rose 46% to Rs 12.6. Book value per share was Rs 110.9.
Among segments, Private Markets PAT rose to Rs 543 crore from Rs 151 crore, a 3.6-fold increase. Corporate Advisory and Capital Markets PAT grew 8% to Rs 347 crore. Wealth Management PAT was nearly flat at Rs 132 crore. Affordable Home Loans PAT increased 45% to Rs 74 crore. The Asset Management segment reported a loss of Rs 30 crore.
In wealth management, sales and relationship manager headcount increased 30% year-on-year to 1,046. The business added 10 branches, and recurring assets under management grew 10% to Rs 30,838 crore. Mutual fund average assets under management for non-liquid schemes rose 31% to Rs 11,475 crore.
The affordable home loans business expanded its customer base by 28% to 33,444 and added 23 branches. Loan assets under management grew 22% to Rs 3,460 crore, and annual disbursements rose 15% to Rs 1,173 crore.
JM Financial ranked first in initial public offerings by volume of deals exceeding Rs 500 crore. JM Financial closed 41 capital market transactions worth approximately Rs 95,000 crore in FY26. It has 55 filed IPO transactions aggregating approximately Rs 140,000 crore in the pipeline.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.