| Scrip code | 523405 |
|---|---|
| NSE Symbol | JMFINANCIL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE780C01023 |
| Name of company | JM FINANCIAL LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 29-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 07-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 29-05-2026 14:30:00 |
| End date and time of board meeting | 29-05-2026 17:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 39,324.00 | 1,65,216.00 |
| (ii) | Dividend Income | 0.00 | 0.00 |
| (iii) | Rental Income | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 23,778.00 | 1,11,704.00 |
| (v) | Net gain on fair value changes | 11,281.00 | 57,073.00 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 2,494.00 | 7,372.00 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| 1 | Brokerage income | 17,861.00 | 63,592.00 |
| 2 | Net (loss)/gain on derecognition of financial instruments carried at fair value through OCI | (94.00) | (637.00) |
| 3 | Other operating income | 268.00 | 4,790.00 |
| Total other revenue from operations | 18,035.00 | 67,745.00 | |
| Total Revenue From Operations | 94,912.00 | 4,09,110.00 | |
| Other income | 2,009.00 | 16,949.00 | |
| Total income | 96,921.00 | 4,26,059.00 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 19,952.00 | 1,05,393.00 | |
| Finance costs | 24,626.00 | 99,919.00 | |
| Depreciation, depletion and amortisation expense | 2,213.00 | 7,837.00 | |
| Fees and commission expense | 13,889.00 | 39,961.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | (165.00) | (23,717.00) | |
| (f) | Other expenses | ||
| 1 | Other expenses | 12,096.00 | 36,494.00 |
| Total other expenses | 12,096.00 | 36,494.00 | |
| Total expenses | 72,611.00 | 2,65,887.00 | |
| 3 | Total profit before exceptional items and tax | 24,310.00 | 1,60,172.00 |
| 4 | Exceptional items | 0.00 | (2,129.00) |
| 5 | Total profit before tax | 24,310.00 | 1,58,043.00 |
| 7 | Tax expense | ||
| 8 | Current tax | 5,361.00 | 28,571.00 |
| 9 | Deferred tax | 3,013.00 | 11,784.00 |
| 10 | Total tax expenses | 8,374.00 | 40,355.00 |
| 11 | Net Profit Loss for the period from continuing operations | 15,936.00 | 1,17,688.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 256.00 | 2,416.00 |
| 15 | Total profit (loss) for period | 16,192.00 | 1,20,104.00 |
| 16 | Other comprehensive income net of taxes | 1,743.00 | 2,673.00 |
| 17 | Total Comprehensive Income for the period | 17,935.00 | 1,22,777.00 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 16,536.00 | 1,20,197.00 | |
| Total profit or loss, attributable to non-controlling interests | (344.00) | (93.00) | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 18,263.00 | 1,22,872.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (328.00) | (95.00) | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 9,564.00 | 9,564.00 | |
| Face value of equity share capital | 1 | 1 | |
| 21 | Reserves excluding revaluation reserve | 10,50,935.00 | |
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 1.73 | 12.57 | |
| Diluted earnings per share from continuing operations | 1.73 | 12.55 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 1.73 | 12.57 | |
| Diluted earnings per share | 1.73 | 12.55 | |
| 23 | Debt equity ratio | ||
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | ||
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| A | Date of start of reporting period | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated |
| Statement of cash flows | ||
| Cash flows from used in operating activities | ||
| Profit before tax | 1,58,043.00 | |
| Adjustments for reconcile profit (loss) | ||
| Adjustments for finance costs | 99,919.00 | |
| Adjustments for decrease (increase) in inventories | 240.00 | |
| Adjustments for decrease (increase) in trade receivables, current | (78,683.00) | |
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |
| Adjustments for decrease (increase) in other current assets | (622.00) | |
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |
| Adjustments for other financial assets, non-current | 32,678.00 | |
| Adjustments for other financial assets, current | (19,092.00) | |
| Adjustments for other bank balances | 0.00 | |
| Adjustments for increase (decrease) in trade payables, current | 94,722.00 | |
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |
| Adjustments for increase (decrease) in other current liabilities | (6,566.00) | |
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |
| Adjustments for depreciation and amortisation expense | 7,837.00 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | (23,717.00) | |
| Adjustments for provisions, current | 3,160.00 | |
| Adjustments for provisions, non-current | 0.00 | |
| Adjustments for other financial liabilities, current | (17,613.00) | |
| Adjustments for other financial liabilities, non-current | 0.00 | |
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |
| Adjustments for dividend income | 2,313.00 | |
| Adjustments for interest income | 1,78,369.00 | |
| Adjustments for share-based payments | 1,675.00 | |
| Adjustments for fair value losses (gains) | (57,073.00) | |
| Adjustments for undistributed profits of associates | 0.00 | |
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |
| Other adjustments to reconcile profit (loss) | 0.00 | |
| Other adjustments for non-cash items | (91.00) | |
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Total adjustments for reconcile profit (loss) | (1,43,908.00) | |
| Net cash flows from (used in) operations | 14,135.00 | |
| Dividends received | 0.00 | |
| Interest paid | 98,340.00 | |
| Interest received | 1,63,914.00 | |
| Income taxes paid (refund) | 21,636.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) operating activities | 58,073.00 | |
| Cash flows from used in investing activities | ||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |
| Other cash receipts from sales of equity or debt instruments of other entities | 1,06,912.00 | |
| Other cash payments to acquire equity or debt instruments of other entities | 1,27,449.00 | |
| Other cash receipts from sales of interests in joint ventures | 0.00 | |
| Other cash payments to acquire interests in joint ventures | 0.00 | |
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Proceeds from sales of property, plant and equipment | 962.00 | |
| Purchase of property, plant and equipment | 6,423.00 | |
| Proceeds from sales of investment property | 0.00 | |
| Purchase of investment property | 0.00 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible assets | 0.00 | |
| Proceeds from sales of intangible assets under development | 0.00 | |
| Purchase of intangible assets under development | 0.00 | |
| Proceeds from sales of goodwill | 0.00 | |
| Purchase of goodwill | 0.00 | |
| Proceeds from biological assets other than bearer plants | 0.00 | |
| Purchase of biological assets other than bearer plants | 0.00 | |
| Proceeds from government grants | 0.00 | |
| Proceeds from sales of other long-term assets | 0.00 | |
| Purchase of other long-term assets | 0.00 | |
| Cash advances and loans made to other parties | 0.00 | |
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Dividends received | 2,313.00 | |
| Interest received | 13,153.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | (42,708.00) | |
| Net cash flows from (used in) investing activities | (53,240.00) | |
| Cash flows from used in financing activities | ||
| Proceeds from changes in ownership interests in subsidiaries | 205.00 | |
| Payments from changes in ownership interests in subsidiaries | 0.00 | |
| Proceeds from issuing shares | 0.00 | |
| Proceeds from issuing other equity instruments | 23,850.00 | |
| Payments to acquire or redeem entity's shares | 0.00 | |
| Payments of other equity instruments | 529.00 | |
| Proceeds from exercise of stock options | 95.00 | |
| Proceeds from issuing debentures notes bonds etc | 3,97,742.00 | |
| Proceeds from borrowings | 1,29,831.00 | |
| Repayments of borrowings | 5,17,704.00 | |
| Payments of lease liabilities | 4,937.00 | |
| Dividends paid | 40,167.00 | |
| Interest paid | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) financing activities | (11,614.00) | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (6,781.00) | |
| Effect of exchange rate changes on cash and cash equivalents | ||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |
| Net increase (decrease) in cash and cash equivalents | (6,781.00) | |
| Cash and cash equivalents cash flow statement at beginning of period | 54,000.00 | |
| Cash and cash equivalents cash flow statement at end of period | 47,219.00 | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Finanical Asset | ||
| Cash and cash equivalents | 47,219.00 | ||
| Bank Balance other than (a) above | 4,39,592.00 | ||
| Derivative financial instruments | 0.00 | ||
| Receivables | |||
| (I) Trade Receivables | 1,43,055.00 | ||
| (II) Other Receivables | 0.00 | ||
| Loans | 9,83,215.00 | ||
| Investments | 6,20,945.00 | ||
| Other Financial assets | |||
| 1 | Other Financial assets | 2,72,656.00 | |
| Total of Other Financial assets | 2,72,656.00 | ||
| Total Financial Assets | 25,06,682.00 | ||
| 2 | Non Financial Asset | ||
| Inventories | 12,750.00 | ||
| Current tax assets (Net) | 24,515.00 | ||
| Deferred tax Assets (Net) | 25,972.00 | ||
| Investment Property | 0.00 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Property, Plant and Equipment | 53,971.00 | ||
| Capital work-in-progress | 15,960.00 | ||
| Intangible assets under development | 0.00 | ||
| Goodwill | 5,244.00 | ||
| Other Intangible assets | 3,302.00 | ||
| Other non-financial assets | |||
| 1 | Other non-financial assets | 5,326.00 | |
| Total of Other non-financial assets | 5,326.00 | ||
| Total Non Financial Assets | 1,47,040.00 | ||
| Total assets | 26,53,722.00 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 9,564.00 | ||
| Other equity | 10,56,179.00 | ||
| Total equity attributable to owners of parent | 10,65,743.00 | ||
| Non controlling interest | 7006500000 | ||
| Total equity | 11,35,808.00 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | 0.00 | |
| (b) | Payables | ||
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 743.00 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 2,17,349.00 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 0.00 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | ||
| (C ) | Debt Securities | 8,83,053.00 | |
| (d) | Borrowings (Other than Debt Securities) | 2,69,133.00 | |
| (e) | Deposits | 0.00 | |
| (f) | Subordinated Liabilities | 0.00 | |
| Other financial liabilities | |||
| 1 | Lease liabilities | 11,277.00 | |
| 2 | Other financial liabilities | 97,788.00 | |
| Total of Other financial liabilities | 1,09,065.00 | ||
| Total Financial Liabilities | 14,79,343.00 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 289.00 | |
| (b) | Provisions | 8,912.00 | |
| (C ) | Deferred tax liabilities (Net) | 20,025.00 | |
| Other non-financial liabilities | |||
| 1 | Other non-financial liabilities | 9,345.00 | |
| Total of Other non-financial liabilities | 9,345.00 | ||
| Total Non Financial Liabilities | 38,571.00 | ||
| Total liabilities | 15,17,914.00 | ||
| Total equity and liabilites | 26,53,722.00 | ||
| Disclosure of notes on assets and liabilities | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| Whether results are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| 1 | Corproate Advisory and Capital Markets | 17,032.00 | 94,601.00 |
| 2 | Wealth and Asset Management | 39,831.00 | 1,45,863.00 |
| 3 | Private Markets | 29,393.00 | 1,29,819.00 |
| 4 | Affordable Home Loans | 12,757.00 | 45,521.00 |
| 5 | Treasury and others | 4,239.00 | 37,609.00 |
| Total Segment Revenue | 1,03,252.00 | 4,53,413.00 | |
| Less: Inter segment revenue | 6,331.00 | 27,354.00 | |
| Revenue from operations | 96,921.00 | 4,26,059.00 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Corproate Advisory and Capital Markets | 5,205.00 | 44,921.00 |
| 2 | Wealth and Asset Management | 4,489.00 | 10,197.00 |
| 3 | Private Markets | 11,752.00 | 73,992.00 |
| 4 | Affordable Home Loans | 3,434.00 | 9,839.00 |
| 5 | Treasury and others | (570.00) | 19,094.00 |
| Total Profit before tax | 24,310.00 | 1,58,043.00 | |
| i. Finance cost | 0.00 | 0.00 | |
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |
| Profit before tax | 24,310.00 | 1,58,043.00 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Corproate Advisory and Capital Markets | 1,36,685.00 | 1,36,685.00 |
| 2 | Wealth and Asset Management | 6,74,090.00 | 6,74,090.00 |
| 3 | Private Markets | 13,44,818.00 | 13,44,818.00 |
| 4 | Affordable Home Loans | 2,93,438.00 | 2,93,438.00 |
| 5 | Treasury and others | 1,99,447.00 | 1,99,447.00 |
| Total Segment Asset | 26,48,478.00 | 26,48,478.00 | |
| Un-allocable Assets | 0.00 | 0.00 | |
| Net Segment Asset | 26,48,478.00 | 26,48,478.00 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Corproate Advisory and Capital Markets | 53,730.00 | 53,730.00 |
| 2 | Wealth and Asset Management | 5,47,430.00 | 5,47,430.00 |
| 3 | Private Markets | 6,46,208.00 | 6,46,208.00 |
| 4 | Affordable Home Loans | 2,10,154.00 | 2,10,154.00 |
| 5 | Treasury and others | 60,392.00 | 60,392.00 |
| Total Segment Liabilities | 15,17,914.00 | 15,17,914.00 | |
| Un-allocable Liabilities | 0.00 | 0.00 | |
| Net Segment Liabilities | 15,17,914.00 | 15,17,914.00 | |
| Disclosure of notes on segments | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement of defined benefit obligations | 50600000 | 6000000 |
| Total Amount of items that will not be reclassified to profit and loss | 50600000 | 6000000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 127.00 | 15.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translation of foreign operations | 136400000 | 262800000 |
| Total Amount of items that will be reclassified to profit and loss | 136400000 | 262800000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 1,743.00 | 2,673.00 |
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | KKC & Associates LLP | Yes | 31-07-2027 | ||
|---|---|---|---|---|---|