JM Financial Q1FY27: Net Revenue Up 13% to ₹883 Crore, Profit Before Provisions Jumps 21% to ₹469 Crore
JM Financial reported Q1FY27 results with Net Revenue at ₹883 crore (up 13% YoY) and Pre-provision operating profit at ₹469 crore (up 21% YoY). PAT before NCI increased 24% YoY to ₹379 crore. Wealth management AUM rose 7% YoY to ₹33,394 crore, and affordable home loans disbursements surged 87% YoY to ₹360 crore.
The announcement details robust financial performance across multiple business segments, including significant increases in revenue, profit, AUM, and loan disbursements, which are material to investors.
The company reported strong year-on-year growth in key financial metrics like net revenue and pre-provision operating profit. Business segments like distressed credit, wealth management, and affordable home loans showed significant positive traction and growth.
JM Financial Limited announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a consolidated net revenue of ₹883 crore, marking a 13% year-on-year increase. The pre-provision operating profit rose by 21% year-on-year to ₹469 crore.
Key highlights for Q1FY27 include a 24% YoY increase in Profit After Tax (PAT) before Non-Controlling Interests (NCI) to ₹379 crore. The Asset Reconstruction Company (ARC) business had one of its best quarters, with strong resolutions in distressed credit assets. Gross recoveries exceeded ₹2,000 crore, with JM Financial Group's share of cashflows surpassing ₹1,200 crore.
The wealth management segment saw recurring Assets Under Management (AUM) grow by 7% YoY to ₹33,394 crore, and its loan book increased by 43% YoY to ₹2,417 crore. The mutual fund average AUM for non-liquid schemes stood at ₹10,521 crore for Q1FY27. The affordable home loans business experienced significant growth, with its customer base increasing by 31% YoY to 35,655, AUM up by 28% YoY to ₹3,715 crore, and disbursements rising by 87% YoY to ₹360 crore.
In the capital markets, JM Financial closed 9 transactions totaling approximately ₹22,000 crore in Q1FY27. The company maintains a strong pipeline with 60 filed IPO transactions aggregating to around ₹150,000 crore.
Commenting on the performance, Mr. Vishal Kampani, Vice Chairman and Managing Director, highlighted the strength of the diversified business model, with the Private Markets segment providing a cushion to earnings. He noted the healthy traction in recurring AUM and loans in Wealth Management and strong growth in affordable home loans disbursements.
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