JM Financial FY26 PAT Surges 46% to ₹1,202 Cr; Proposes ₹1.75 Final Dividend
JM Financial reported a record annual consolidated PAT of ₹1,202 crore for FY26, up 46% YoY, with RoE at ~12%. Fees income rose 10% to ₹1,753 crore. A final dividend of ₹1.75 per share is proposed. The company closed ~₹95,000 crore in capital market transactions.
The announcement details record profits, significant growth across key business segments, and a substantial increase in capital market transactions, which are material to investors and stakeholders.
The company reported record-breaking annual profits, significant year-on-year growth in PAT and income, and an increased dividend payout, all indicating strong financial performance.
JM Financial Limited has announced its audited financial results for the fiscal year and quarter ended March 31, 2026. The company reported its highest ever annual consolidated Profit After Tax (PAT) of ₹1,202 crore for FY26, marking a significant year-on-year increase of 46%. The Return on Equity (RoE) stood at approximately 12% for the fiscal year.
Fees, commission, and brokerage income saw a 10% year-on-year increase, reaching ₹1,753 crore. The total dividend for FY26, including interim and final dividends, has been increased to ₹3.25 per share, up from ₹2.7 per share in FY25. The company also proposed a final dividend of ₹1.75 per share.
Key business segments demonstrated strong performance. Wealth management reported a 10% year-on-year increase in recurring Assets Under Management (AUM) to ₹30,838 crore, with a stable loan book of ₹2,028 crore. The Mutual Fund AAUM for non-liquid schemes grew by 31% year-on-year to ₹11,475 crore.
The Affordable Home Loans business expanded its customer base by 28% to 33,444, with AUM increasing by 22% year-on-year to ₹3,460 crore. Annual disbursements grew by 15% to ₹1,173 crore, and PAT in this segment rose by 45% to ₹74 crore.
In the capital markets, JM Financial maintained its leadership position in IPOs, closing 41 capital market transactions valued at approximately ₹95,000 crore in FY26. The pipeline remains robust with 55 filed IPO transactions aggregating to around ₹140,000 crore.
Commenting on the results, Mr. Vishal Kampani, Vice Chairman and Managing Director, highlighted the company's record PAT and the strong pipeline in the Corporate Advisory and Capital Markets segment. He also noted the significant expansion in wealth management and the de-risking of the Private Markets business. The Affordable Home Loans business showed strong growth in AUM and PAT.
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