JM Financial Limited · NSE:JMFINANCIL
JM Financial — Q2 FY27 Earnings Presentation
29 slides from JM Financial's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter for Investor Presentation
November 4, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza 1st Floor, New Trading Ring Plot No.C-1, G Block Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Security Code:
Slide 2: JM Financial Limited – Q2FY27 Results Update
JM Financial Limited – Q2FY27 Results Update
Slide 3: Disclaimer/ Safe Harbor
Disclaimer/ Safe Harbor This presentation and the following discussion may contain certain words or phrases that are “forward looking statements” by JM Financial Limited (together with its subsidiaries and associates), referred to as (“JM Financial” or “JMFL” or “the Company”) that are not historica
Slide 4: Table of Contents
Table of Contents Section 1 Overview Section 2 Segment Performance Section 3 Annexure 2
Slide 5: Section 1: Overview
Section : 1 Overview A JM Financial
Slide 6: JM Financial: Focus on High Growth and High Returns Businesses
JM Financial : Focus on High Growth and High Returns Businesses ✓ Leadership; Best in class relationships Corporate Advisory and Capital Markets ✓ Expanding wallet share of clients. ✓ Strong sticky repeat business The progress on build out of the Investment Banking, Institutional Equities ✓ Ranked #
Slide 7: Performance Highlights
Performance Highlights Q2 FY27 (Rs. Cr) YoY (Increase) Filed IPO Transactions ~Rs. 1,30,000 crore across 48 transactions* (IPOs yet to be filed would be additional) Corporate Advisory and Capital Markets League Tables Ranked #1 in IPOs + QIPs by deal value in H1 FY2027 Disbursements 977 2x Private M
Slide 8: Summary Consolidated Profit & Loss Statement
Summary Consolidated Profit & Loss Statement Particulars (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1 FY27 H1 FY26 YoY % FY26^ Net Revenue 712 708 0.5% 1,595 1,488 7.2% 2,749 Employee cost 294 271 8.7% 591 569 3.7% 1,054 Operating expenses 110 101 8.8% 227 193 17.4% 443 Pre Provisioning profit (PPoP) 308 336 -8
Slide 9: Summary Consolidated Balance Sheet
Summary Consolidated Balance Sheet Sr. No. Particulars (Rs Cr) September 30, 2026 June 30, 2026 September 30, 2025 A Assets 1 Business assets* 23,674 24,185 22,428 2 Treasury and other assets** 2,060 1,609 2,103 TOTAL (1+2) 25,734 25,794 24,531 B Equity and Liabilities 1 Capital Employed 11,270 11,1
Slide 10: Key Parameters
Key Parameters H1 FY27 FY26 Particulars (Rs Cr) % % Loan Capital Loan Book/ Capital Revenue PAT* Effective Revenue PAT* Effective Book/ Employed AUM** Employed Holding Holding AUM** Corp Advisory and Capital Markets 988 445 158 100% - 829 946 347 100% - Private Markets# 6,756 850 310 96.9%^ 17,047 6
Slide 11: Consolidated Financial Performance
Consolidated Financial Performance Operating Revenue (Rs. Cr) Operating PAT (post NCI) (Rs. Cr) FY24 : 4,832 FY25 : 4,453 FY26 : 4,148 H1FY27 : 2,281 FY24 : 410 FY25 : 821 FY26 : 1,133 H1FY27 : 531 2,819 543 1,403 1,317 347 1,834 946 1,022 455 305 322 788 363 242 1,298 703 194 592 158 243 256 151 13
Slide 12: Section 2: Segment Performance
Section : 2 Segment Performance 10
Slide 13: Corporate Advisory and Capital Markets
Corporate Advisory and Capital Markets Clients Products / Services Business Priorities Q2FY27 Highlights ➢ M&A and ➢ Expand the depth and ➢ #1 by deal value in IPOs and QIPs for H1FY27 Promoters Restructuring advisory breadth of the client base ➢ Closed 26 equity capital market transactions practice
Slide 14: Private Markets
Private Markets Clients Products / Services Business Priorities Q2FY27 Highlights ➢ Standard loans up 22% YoY to Rs. 4,748 crore Corporates ➢ Private Credit ➢ Deliver on franchise enhancing backed by strong growth in Bespoke vertical (Corporate, Bespoke, syndication along with Distressed and Real co
Slide 15: Private Markets
Private Markets Standard Loans (Rs. Cr) Loan Book and Security Receipts ➢ Yield for Q2FY27 : ~13% 4,748 ➢ Disbursements at Rs. 977 crore (primarily in Bespoke) during the quarter 3,878 3,725 4,010 4,045 170 228 191 809 (2x YoY Growth); H1FY27 Disbursements : Rs. 1,808 crore 391 297 817 1,236 1,009 1
Slide 16: Wealth Management
Wealth Management Clients Products / Services Business Priorities Q2FY27 Highlights ➢ Distribution ➢ Focus on productivity ➢ Recurring AUM (ex loans) : Rs. 37,038 Cr, increase UHNI / HNI of 16% YoY ➢ Building scale - tap the Mass Affluent ➢ Securities Broking opportunities in the expanding ➢ Loans:
Slide 17: Wealth Management: Focus on Productivity
Wealth Management : Focus on Productivity Wealth RMs Sales Employees Branch Network Franchisee Network 835 72 71 211 771 898 675 874 177 563 62 852 131 55 89 801 FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 Total Wealth AUM* (Rs. Cr) Recurring AUM [ex. Loan
Slide 18: Asset Management
Asset Management Clients Products / Services Business Priorities Q2FY27 Highlights ➢ Mutual Fund ➢ Further building scale and ➢ First close of maiden Pre-IPO fund securing UHNI / HNI engagement commitments of Rs. 700 Cr; Expecting first close of second performing credit fund before year end Mass Aff
Slide 19: Asset Management
Asset Management MF AAUM (Rs. Cr) MF Management Fees (Rs. Cr) Equity MF Yields (%) 14,902 13,500 12 24% 0.44% 10 50% 11,690 10,856 0.29% 422 387 2,790 2,257 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Equity Debt Others (Liquid) Folios 9.3 8.5 (lakhs) AIF AUM* (Rs. Cr) Active Partners # Employees 1,06
Slide 20: Affordable Home Loans
Affordable Home Loans Clients Products / Services Business Priorities Q2FY27 Highlights ➢ AUM : Rs. 3,929 Cr, up by 30% YoY Retail – Salaried ➢ Home Loans ➢ Build Scale ➢ Portfolio assigned : Rs. 175 Cr Retail – Self Employed ➢ Loan Against Property ➢ Increase Productivity ➢ Branch network : 152; Em
Slide 21: Affordable Home Loans
Affordable Home Loans AUM (Rs. Cr) Disbursements (Rs. Cr) Split of branches (152) - 9 States (%) 4% 1% On-book % 84% 76% Half year 418 692 5% 3,929 331 6% 48% 26% 30% 10% 3,031 225 12% 22% 14% Q2FY26 Q2FY27 Q2FY26 Q2FY27 GUJARAT MAHARASHTRA TAMIL NADU TELANGANA MADHYA PRADESH ANDHRA PRADESH RAJASTHA
Slide 22: Segment Performance
Segment Performance Segment Revenue (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1 FY27 H1FY26 YoY % FY26^ Corporate Advisory and Capital Markets 307 321 -4.5% 445 537 -17.1% 946 Private Markets 254 287 -11.7% 850 677 25.5% 1,298 Wealth Management* 353 329 7.1% 703 683 3.0% 1,403 Asset Management* 16 12 40.9% 37
Slide 23: Corporate Advisory & Capital Markets
Corporate Advisory & Capital Markets Particulars (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1FY27 H1FY26 YoY % FY26^ Segment Net worth + NCI 988 703 40.6% 988 703 40.6% 829 Net Revenue 286 278 2.8% 400 459 -12.9% 789 Employee cost 97 73 34.0% 155 142 9.0% 265 Operating expenses 17 18 -4.8% 37 34 8.6% 72 Operati
Slide 24: Private Markets
Private Markets Particulars (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1FY27 H1FY26 YoY % FY26^ Segment Net worth + NCI** 6,756 6,487 4.1% 6,756 6,487 4.1% 6,578 Net Revenue 120 124 -3.3% 582 357 63.1% 682 Impairment on Financial Instruments (19) (19) N/M (15) (231) N/M (258) Employee cost 15 23 -35.5% 72 71 2.
Slide 25: Wealth and Asset Management
Wealth and Asset Management Particulars (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1FY27 H1FY26 YoY % FY26^ Segment Net worth + NCI 1,296 1,232 5.2% 1,296 1,232 5.2% 1,267 Net Revenue 204 200 2.0% 408 426 -4.0% 827 Impairment on Financial Instruments # 1 N/M 4 3 N/M 4 Employee cost 126 127 -0.9% 253 261 -3.1% 4
Slide 26: Affordable Home Loans
Affordable Home Loans Particulars (Rs Cr) Q2 FY27 Q2 FY26 YoY % H1FY27 H1FY26 YoY % FY26^ Segment Net worth + NCI 871 780 11.6% 871 780 11.6% 833 Total Income 133 109 21.8% 256 210 22.0% 455 Finance cost 46 38 18.9% 89 75 18.9% 153 Net Total Income 87 71 23.4% 167 135 23.6% 302 Impairment on Financi
Slide 27: Section 3: Annexure
Section : 3 Annexure A JM Financial aa
Slide 28: Shareholding Information: September 30, 2026
Shareholding Information : September 30, 2026 Shareholding of Effective Ownership of JM Financial Limited Name of the Subsidiary / Associate Company JM Financial Limited Shareholders September June September 2026 2026 2026 Promoter /Promoter group 58.0% 57.0% JM Financial Credit Solutions Limited 10
Slide 29: Affordable Home Loans – Five year track record
Affordable Home Loans – Five year track record Branches and Employees Disbursements (Rs Cr) AUM (Rs Cr) ATS Employees 530 870 1,313 1,844 2,106 (lakhs) 14.0 14.7 11.9 10.8 11.0 3,460 151 # of FY22-26 CAGR: 38% FY22-26 CAGR: 29% Customers 3,037 4,850 8,345 8,375 9,858 2,832 128 added 112 1,185 1,173