Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JM Financial Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 928 | 846 | 1,067 | 1,197 | 1,236 | 1,261 | 1,077 | 1,191 | 1,106 | 1,004 | 1,111 | 1,031 | 999 |
| Expenses + | 313 | 459 | 473 | 535 | 430 | 580 | 462 | 700 | 500 | 426 | 261 | 426 | 436 |
| Operating Profit | 615 | 387 | 594 | 663 | 806 | 681 | 615 | 491 | 607 | 578 | 850 | 605 | 563 |
| OPM % | 66% | 46% | 56% | 55% | 65% | 54% | 57% | 41% | 55% | 58% | 76% | 59% | 56% |
| Other Income + | 19 | 26 | 14 | 17 | 25 | -831 | 17 | 21 | 14 | 23 | 10 | 13 | 105 |
| Interest | 301 | 347 | 366 | 388 | 400 | 407 | 370 | 343 | 318 | 274 | 251 | 254 | 248 |
| Depreciation | 10 | 12 | 12 | 13 | 14 | 14 | 16 | 15 | 16 | 16 | 17 | 19 | 20 |
| Profit before tax | 322 | 54 | 230 | 278 | 417 | -572 | 245 | 154 | 287 | 311 | 593 | 344 | 400 |
| Tax % | 25% | 40% | 24% | 26% | 23% | 18% | 24% | 6% | 28% | 25% | 23% | 26% | 24% |
| Net Profit + | 240 | 32 | 177 | 206 | 322 | -674 | 187 | 144 | 207 | 235 | 459 | 262 | 318 |
| EPS in Rs | 1.99 | 0.60 | 1.74 | 2.04 | 2.91 | -2.39 | 1.79 | 2.43 | 2.19 | 2.19 | 4.75 | 2.82 | 3.27 |
Financials of JM Financial Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,007 | 1,342 | 1,685 | 2,359 | 3,062 | 3,494 | 3,446 | 3,211 | 3,724 | 3,291 | 4,786 | 4,410 | 4,146 |
| Expenses + | 402 | 448 | 459 | 582 | 767 | 743 | 933 | 1,009 | 1,296 | 1,170 | 2,017 | 2,087 | 1,549 |
| Operating Profit | 605 | 895 | 1,225 | 1,777 | 2,295 | 2,751 | 2,513 | 2,202 | 2,429 | 2,120 | 2,768 | 2,323 | 2,596 |
| OPM % | 60% | 67% | 73% | 75% | 75% | 79% | 73% | 69% | 65% | 64% | 58% | 53% | 63% |
| Other Income + | -1 | 61 | -0 | -0 | 35 | 6 | 8 | 15 | 39 | 53 | -801 | 43 | 151 |
| Interest | 308 | 420 | 512 | 782 | 1,139 | 1,446 | 1,386 | 1,111 | 1,082 | 1,179 | 1,562 | 1,305 | 1,027 |
| Depreciation | 15 | 18 | 20 | 23 | 26 | 27 | 41 | 40 | 38 | 42 | 53 | 64 | 73 |
| Profit before tax | 280 | 517 | 693 | 972 | 1,165 | 1,283 | 1,094 | 1,067 | 1,348 | 953 | 353 | 997 | 1,649 |
| Tax % | 29% | 30% | 32% | 34% | 33% | 35% | 29% | 24% | 26% | 26% | 92% | 23% | |
| Net Profit + | 225 | 379 | 526 | 649 | 785 | 837 | 778 | 808 | 992 | 709 | 31 | 774 | 1,274 |
| EPS in Rs | 2.77 | 4.22 | 5.08 | 5.92 | 7.17 | 6.81 | 6.48 | 6.19 | 8.10 | 6.26 | 4.29 | 8.59 | 13.03 |
| Dividend Payout % | 36% | 32% | 29% | 25% | 25% | 15% | 3% | 8% | 20% | 29% | 47% | 31% |
Financials of JM Financial Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 76 | 78 | 79 | 79 | 84 | 84 | 84 | 95 | 95 | 95 | 96 | 96 | 96 |
| Reserves | 2,122 | 2,465 | 2,831 | 3,240 | 4,471 | 5,048 | 5,555 | 6,905 | 7,591 | 8,041 | 8,395 | 9,632 | 10,198 |
| Borrowings + | 2,988 | 4,723 | 6,672 | 9,444 | 14,988 | 13,991 | 11,756 | 12,405 | 13,498 | 15,939 | 16,228 | 11,507 | 11,360 |
| Other Liabilities + | 744 | 1,239 | 1,480 | 3,782 | 2,664 | 3,517 | 3,351 | 3,973 | 4,477 | 5,137 | 4,874 | 3,112 | 2,930 |
| Total Liabilities | 5,930 | 8,505 | 11,061 | 16,545 | 22,206 | 22,640 | 20,746 | 23,378 | 25,661 | 29,213 | 29,592 | 24,347 | 24,584 |
| Fixed Assets + | 228 | 445 | 444 | 474 | 427 | 424 | 450 | 423 | 414 | 505 | 572 | 579 | 599 |
| CWIP | 1 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 7 | 4 | 10 | 168 |
| Investments | 495 | 640 | 772 | 2,156 | 2,388 | 2,933 | 4,014 | 5,802 | 3,639 | 3,584 | 4,724 | 5,464 | 4,302 |
| Other Assets + | 5,207 | 7,418 | 9,844 | 13,913 | 19,388 | 19,282 | 16,280 | 17,153 | 21,605 | 25,116 | 24,292 | 18,294 | 19,514 |
| Total Assets | 5,930 | 8,505 | 11,061 | 16,545 | 22,206 | 22,640 | 20,746 | 23,378 | 25,661 | 29,213 | 29,592 | 24,347 | 24,584 |
Financials of JM Financial Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,058 | -1,717 | -918 | -2,546 | -3,584 | 773 | 3,164 | 969 | -3,203 | -2,307 | 3,635 | 5,569 |
| Cash from Investing Activity + | 585 | -281 | 264 | -326 | -708 | -148 | -901 | -2,249 | 2,616 | -592 | -2,090 | -2,475 |
| Cash from Financing Activity + | -1,594 | 1,783 | 1,305 | 2,424 | 4,540 | -522 | -2,205 | 1,296 | 1,024 | 2,160 | 162 | -4,786 |
| Net Cash Flow | 48 | -215 | 651 | -448 | 247 | 103 | 58 | 16 | 437 | -739 | 1,708 | -1,692 |
| Free Cash Flow | 945 | -1,954 | -937 | -2,610 | -3,605 | 755 | 3,154 | 963 | -3,220 | -2,431 | 3,582 | 5,536 |
| CFO/OP | 192% | -173% | -56% | -125% | -136% | 46% | 141% | 58% | -113% | -96% | 145% | 249% |
Financials of JM Financial Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 62 | 77 | 182 | 102 | 72 | 34 | 58 | 49 | 135 | 43 | 53 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 71 | 62 | 77 | 182 | 102 | 72 | 34 | 58 | 49 | 135 | 43 | 53 |
| Working Capital Days | -132 | -377 | -232 | -244 | -308 | -71 | 235 | 288 | 230 | 411 | 105 | 89 |
| ROCE % | 10% | 14% | 13% | 15% | 13% | 13% | 12% | 10% | 11% | 8% | 10% | 9% |