JM Financial Ltd
JM Financial Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #53 of 59 in Finance
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JM Financial Ltd Q2 FY26 key numbers
- Revenue
- Wealth Management recurring AUM grew 26% YoY to INR32,000 crores, with further growth expected due to increased sales and relationship managers and new product launches.
As stated in JM Financial Ltd's Q2 FY26 earnings call transcript · published 18 Jul 2026. Reported figures, not investment advice.
The short version
Future growth expectations in sales/revenue/volumes for JM Financial Limited: - Asset Management AUM expected to at least double in 2-3 years with growth in both Mutual Fund and AIF platforms (Amitabh Mohanty). Private Markets business is expected to grow its book by 20% comfortably by FY '27 with target ROA of 3-4% annually and profits likely to exceed INR70 crores per quarter.
From JM Financial Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
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 continues to invest in technology and physical infrastructure to execute multiple fronts of opportunities across their business segments (Page 14).
- The Asset Management business is in the buildup phase, with ongoing investments in teams and new branch locations, including shifting to larger premises (Page 14).
- Wealth Management and Asset Management businesses will continue to see investments for growth and profitability, with plans to grow AUM substantially over the next 2-3 years (Pages 14, 15).
- Digital investments, particularly in Wealth Management (e.g., BlinkX and JM Pro), have seen about INR 200-250 crores spent so far, with a plan to reduce burn and break-even by FY '27 (Page 8).
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
- JM Financial has a strong and growing pipeline of transactions in their Capital Markets and Advisory division.
- They have filed documents for 56 IPOs aggregating to approximately INR 120,000 crores, expected to be executed over the next 6 to 12 months.
- The pipeline is even stronger compared to the last quarter, indicating good visibility and momentum for the next 2-3 quarters.
- The Capital Markets team closed 15 transactions worth INR 28,000 crores in the recent quarter.
2 more points from JM Financial Ltd's call on order book
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JM Financial Ltd — Quarterly revenue & net profit
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 Ltd's management said in earlier quarters
Others in Finance this season
- Akiko Global Services Ltd (Q2 FY26)
Revenue from Operations (Consolidated) for FY25: ₹76.3 crore . Key investor presentation takeaways from Akiko Global Services Ltd's Q2 FY26 investor presentatio
- Akme Fintrade (Q2 FY26)
Gross Interest Income: ₹64.77 Cr (↑51.37% YoY) . Key investor presentation takeaways from Akme Fintrade (India) Ltd's Q2 FY26 investor presentation — and how it
- Capital Trust (Q2 FY26)
Total Income for Q2 FY26: ₹8.8 Cr, down 65% YoY from ₹25.1 Cr in Q2 FY25, and down 30% QoQ from ₹12.6 Cr in Q1 FY26 (Page 23). Key investor presentation takeawa
- Dar Credit & Capital Ltd (Q2 FY26)
250 crore in FY'26, up from Rs. Key concall takeaways from Dar Credit & Cap's Q2 FY26 earnings call — and how it ranks against sector peers.
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 Q2 FY26 results?
Future growth expectations in sales/revenue/volumes for JM Financial Limited: - Asset Management AUM expected to at least double in 2-3 years with growth in both Mutual Fund and AIF platforms (Amitabh Mohanty). Private Markets business is expected to grow its book by 20% comfortably by FY '27 with target ROA of 3-4% annually and profits likely to exceed INR70 crores per quarter.
What is JM Financial Ltd share price analysis?
JM Financial Ltd currently shows a neutral. 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 continues to invest in technology and physical infrastructure to execute multiple fronts of opportunities across their business segments (Page 14).
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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.