JM Financial Ltd
JM Financial Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #56 of 63 in Finance
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What the Q1 FY27 call signalled
2 of 4 strong
The short version
Investment Banking & Capital Markets combined revenue aimed to exceed INR1,000 crores this year, showing strong growth from INR592 crores (FY24) to INR946 crores (last year). Wealth Management profitability impacted by recent RM hires; profitability expected to improve as new RMs mature over next 2-3 years.
From JM Financial Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Investment Banking & Capital Markets combined revenue aimed to exceed INR1,000 crores this year, showing strong growth from INR592 crores (FY24) to INR946 crores (last year).
- Wealth Management revenue grew 40% from INR1,022 crores (FY24) to INR1,400 crores (FY26), with profitability expected to improve as investments in Wealth and Asset Management mature.
- Asset Management AUM targeted to grow from INR10,500 crores to INR25,000 crores over 2-3 years, potentially increasing business value significantly.
- Private Credit (bespoke and real estate loans) expected to grow 15-20% year-on-year, with lending expansion planned once risk-adjusted returns are favorable.
- Recurring AUM proportion in Wealth Management increasing; net new money additions targeted at INR6,000 crores minimum for the year.
- Overall, industry growth expected in early to mid-teens; JM Financial targets growth exceeding this.
2 more points from JM Financial Ltd's call on revenue
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Profitability & Margins
See what JM Financial Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- JM Financial has invested INR150 crores in its mutual fund business over the last 3 years and plans to invest an additional INR150 crores over the next 2-3 years to scale AUM to INR25,000 crores.
- In Private Markets, there is ongoing reinvestment, e.g., INR600 crores redeployed after cash flows from resolutions.
- The firm continues focused investments in Wealth Management by hiring and building distribution capabilities, aiming for profitability within 2-3 years for the RM cohorts.
- Capital deployment prioritizes bespoke and private credit loans, targeting 15%-20% annual growth in the loan book.
2 more points from JM Financial Ltd's call on capex
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Top-ranked in Finance
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what JM Financial Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points from JM Financial Ltd's call on order book
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JM Financial Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹999 Cr, net profit ₹318 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What JM Financial's management said in earlier quarters
Others in Finance this season
- Purple Finance (Q1 FY27)
Total disbursements since inception: ₹312 crore . Key investor presentation takeaways from Purple Finance Ltd's Q1 FY27 investor presentation — and how it ranks
- Regency Fincorp (Q1 FY27)
. Key concall takeaways from Regency Fincorp's Q1 FY27 earnings call — and how it ranks against sector peers.
- Apollo Finvest (India) Ltd (Q1 FY27)
The presentation reports **total income of ₹25.9 crore for Q1 FY27**, up from ₹21.6 crore in Q1 FY26, indicating a **year-on-year growth of 20%**. Key investor
- Capital Trust (Q1 FY27)
Total Income for Q1 FY27: ₹12.3 Crores, down 3% YoY from ₹12.6 Crores in Q1 FY26 (Page 31). Key investor presentation takeaways from Capital Trust's Q1 FY27 inv
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were JM Financial Ltd Q1 FY27 results?
Investment Banking & Capital Markets combined revenue aimed to exceed INR1,000 crores this year, showing strong growth from INR592 crores (FY24) to INR946 crores (last year). Wealth Management profitability impacted by recent RM hires; profitability expected to improve as new RMs mature over next 2-3 years.
What is JM Financial Ltd share price analysis?
JM Financial Ltd currently shows a below-average growth signal. The stock trades at a P/E of 11.0 with a market cap of ₹11,586 Cr. Investors should review the full earnings analysis for detailed insights.
Is JM Financial Ltd planning capital expenditure?
JM Financial has invested INR150 crores in its mutual fund business over the last 3 years and plans to invest an additional INR150 crores over the next 2-3 years to scale AUM to INR25,000 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.