JM Financial’s core interest income rose 32.6% year-on-year (YoY) to ₹179 crore in the second quarter of FY27, compared with ₹135 crore in the corresponding quarter last year. The company’s consolidated profit after tax (PAT), however, declined 11% YoY to ₹240 crore from ₹270 crore in Q2 FY26.
The financial services company reported consolidated net revenue of ₹712 crore for the quarter ended September 30, 2026, compared with ₹708 crore in the year-ago period, indicating a largely flat performance.
The company’s consolidated earnings per share (EPS) stood at ₹2.5 in Q2 FY27, down 11% from ₹2.8 in the corresponding quarter of the previous financial year. Consolidated net worth increased 7% YoY to ₹10,993 crore, compared with ₹10,241 crore in Q2 FY26.
JM Financial declared an interim dividend of ₹1.65 per share. The company said its total dividend payout stood at ₹7.6 per share over the last six quarters.
Corporate advisory and capital markets
The corporate advisory and capital markets business reported one of its best quarters for investment banking, with segment profits growing fourfold sequentially to ₹127 crore.
JM Financial ranked first by deal value across initial public offerings (IPOs) and qualified institutional placements (QIPs) during the first half of FY27. It closed 26 capital market transactions worth approximately ₹83,000 crore in Q2 FY27.
The company said its transaction pipeline remained strong, with 48 filed IPO transactions aggregating approximately ₹1.3 lakh crore, excluding the proposed IPO transaction of Jio Platforms.
Growth across lending and wealth businesses
JM Financial’s wealth management business reported a 16% YoY increase in recurring assets under management (AUM) to ₹37,038 crore. Its wealth loan book grew 30% YoY to ₹2,558 crore. Total recurring AUM, including loans, increased 17% YoY to ₹39,596 crore.
In affordable home loans, the customer base increased 30% YoY to 37,548, while AUM rose 30% to ₹3,929 crore. Disbursements grew 48% YoY to ₹331 crore during the quarter.
The private markets business reported disbursements of ₹977 crore in Q2 FY27, compared with ₹485 crore in the year-ago quarter, registering a twofold increase. Standard loans in the segment grew 22% YoY to ₹4,748 crore.
JM Financial also achieved the first close of its maiden pre-IPO fund, securing commitments of ₹700 crore.
Commenting on the results, Vishal Kampani, Vice Chairman and Managing Director of JM Financial, said the company witnessed growth in its loan book across private markets, wealth management and affordable home loans. He added that the company expects the first close of its second performing credit fund within the current financial year.
Share price: JM Financial shares closed at ₹114 on the NSE, up ₹2.04 or 1.82% from the previous close.