JM Financial Ltd
JM Financial Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #53 of 59 in Finance
See the sector's top 10 — free with your mobile number.
The short version
Corporate Advisory and Capital Markets (CACM) segment grew revenue by 26% over 2 years, with strong pipeline (~INR140,000 crores) but market volatility may delay execution in early FY27; expect better execution in second half. Private Markets: Projected 15-20% growth in loan book over next 3-4 years; expected returns range 13%-18% depending on asset class.
From JM Financial Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Corporate Advisory and Capital Markets (CACM) segment grew revenue by 26% over 2 years, with strong pipeline (~INR140,000 crores) but market volatility may delay execution in early FY27; expect better execution in second half.
- Wealth Management aims for 20-25% growth in FY27 net inflows, targeting around INR6,000 crores inflow.
- Private Markets loan book targeted to grow 15-20% annually, with plans for INR5,000 crores book by March 2027.
- Asset Under Management (AUM) in Affordable Home Loans expected to grow 25% year-on-year.
- Overall, JM Financial targets 15% revenue growth and 15% ROE in medium term.
- Wealth Management business expected to break even in FY27 with margin expansion.
2 more points from JM Financial Ltd's call on revenue
Create a free account to keep reading this call
Profitability & Margins
See what JM Financial Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- JM Financial is actively investing in growing its Wealth Management, Asset Management, and Affordable Home Loans businesses, focusing on building scale and profitability before considering liquidity events like IPOs.
- Investments have been made in people and digital infrastructure, especially in Wealth Management and digital broking (BlinkX), with expected cost savings in the next 3-6 months.
- They plan to maintain 15% revenue growth and 15% ROE across businesses, with Asset Management expected to break even and generate high operating leverage in the next 2 years.
- The Affordable Home Loans business is capitalized at INR 833 crores, growing AUM at 22% YoY with plans to IPO by 2028-29.
2 more points from JM Financial Ltd's call on capex
Create a free account to keep reading this call
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
Create a free account to keep reading this call
JM Financial Ltd — Quarterly revenue & net profit
Q4 FY26 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q4 FY26 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.
Full financials →Continue your research
What JM Financial Ltd's management said in earlier quarters
Others in Finance this season
- Regency Fincorp Ltd (Q4 FY26)
Disbursements grew 43% YoY to INR 142 crores in FY2026. Key concall takeaways from Regency Fincorp's Q4 FY26 earnings call — and how it ranks against sector…
- Shalibhadra Finance Ltd (Q4 FY26)
Expanding product mix: Two-wheelers to remain 60%, newer products (Micro LAP, home loans) 40%. Key concall takeaways from Shalibhadra Finance Ltd's Q4 FY26…
- Authum Invest (Q4 FY26)
Cr) for FY2026: Total Rs. Key investor presentation takeaways from Authum Investment & Infrastructure Ltd's Q4 FY26 investor presentation — and how it ranks aga
- Capital Trust (Q4 FY26)
Q4 FY26 Total Income: ₹9.6 Cr, down 54% YoY from ₹20.9 Cr in Q4 FY25 (Page 27). Key investor presentation takeaways from Capital Trust's Q4 FY26 investor presen
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
JM Financial Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were JM Financial Ltd Q4 FY26 results?
Corporate Advisory and Capital Markets (CACM) segment grew revenue by 26% over 2 years, with strong pipeline (~INR140,000 crores) but market volatility may delay execution in early FY27; expect better execution in second half. Private Markets: Projected 15-20% growth in loan book over next 3-4 years; expected returns range 13%-18% depending on asset class.
What is JM Financial Ltd share price analysis?
JM Financial Ltd currently shows a neutral. The stock trades at a P/E of 11.4 with a market cap of ₹12,069 Cr. Investors should review the full earnings analysis for detailed insights.
Is JM Financial Ltd planning capital expenditure?
JM Financial is actively investing in growing its Wealth Management, Asset Management, and Affordable Home Loans businesses, focusing on building scale and profitability before considering liquidity events like IPOs.
Keep JM Financial Ltd on your radar — track it to get its next earnings analysis in your feed.
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.