General information about company |
|
|---|---|
| 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-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 12-May-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 21-Apr-2025 |
| Description of presentation currency | INR (in Actuals) |
| 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 | 12-May-2025 14:30:00 |
| End date and time of board meeting | 12-May-2025 17:30:00 |
| 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 |
Financial Results — NBFC |
|||
|---|---|---|---|
| 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-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 3891300000 | 19282900000 |
| (ii) | Dividend Income | 0 | 0 |
| (iii) | Rental Income | 0 | 0 |
| (iv) | Fees and commission Income | 3156800000 | 10191800000 |
| (v) | Net gain on fair value changes | 1561400000 | 7354700000 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 82700000 | 396000000 |
| (vii) | Sale of products (including Excise Duty) | 0 | 0 |
| (viii) | Sale of services | 0 | 0 |
| (ix) | Other revenue from operations | ||
| 1 | Brokerage income | 1197300000 | 5781500000 |
| 2 | Net gain/(loss) on derecognition of financial instuments carried at fair value through OCI | -29800000 | 183200000 |
| 3 | Other operating income | 179500000 | 586100000 |
| Total other revenue from operations | 1347000000 | 6550800000 | |
| Total Revenue From Operations | 10039200000 | 43776200000 | |
| Other income | 232900000 | 752100000 | |
| Total income | 10272100000 | 44528300000 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0 | 0 | |
| Purchases of stock-in-trade | 0 | 0 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0 | 0 | |
| Employee benefit expense | 2196200000 | 9633000000 | |
| Finance costs | 2735900000 | 13049300000 | |
| Depreciation, depletion and amortisation expense | 163300000 | 637900000 | |
| Fees and commission expense | 882100000 | 3430800000 | |
| Net loss on fair value changes | 0 | 0 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0 | 0 | |
| Impairment on financial instruments | 67800000 | 4247400000 | |
| (f) | Other expenses | ||
| 1 | Other expenses | 1112600000 | 3561400000 |
| Total other expenses | 1112600000 | 3561400000 | |
| Total expenses | 7157900000 | 34559800000 | |
| 3 | Total profit before exceptional items and tax | 3114200000 | 9968500000 |
| 4 | Exceptional items | 0 | 0 |
| 5 | Total profit before tax | 3114200000 | 9968500000 |
| 7 | Tax expense | ||
| 8 | Current tax | 651300000 | 2985400000 |
| 9 | Deferred tax | 112800000 | -736900000 |
| 10 | Total tax expenses | 764100000 | 2248500000 |
| 11 | Net Profit Loss for the period from continuing operations | 2350100000 | 7720000000 |
| 12 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 13 | Tax expense of discontinued operations | 0 | 0 |
| 17 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 100000 | 15900000 |
| 15 | Total profit (loss) for period | 2350200000 | 7735900000 |
| 16 | Other comprehensive income net of taxes | 2100000 | 27200000 |
| 17 | Total Comprehensive Income for the period | 2352300000 | 7763100000 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 2095300000 | 8213100000 | |
| Total profit or loss, attributable to non-controlling interests | 254900000 | -477200000 | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 2096400000 | 8241900000 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 255900000 | -478800000 | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 955800000 | 955800000 | |
| Face value of equity share capital | 1 | 1 | |
| 21 | Reserves excluding revaluation reserve | 95797800000 | |
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 2.19 | 8.59 | |
| Diluted earnings per share from continuing operations | 2.19 | 8.58 | |
| 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 | 2.19 | 8.59 | |
| Diluted earnings per share | 2.19 | 8.58 | |
| 23 | Debt equity ratio | 0.0 | 0.0 |
| 24 | Debt service coverage ratio | 0.0 | 0.0 |
| 25 | Interest service coverage ratio | 0.0 | 0.0 |
| 26 | Disclosure of notes on financial results | ||
Remarks |
||
|---|---|---|
| 23 | Debt equity ratio | |
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio | |
Cash flow statement, indirect |
|||
|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| A | Date of start of reporting period | 01-Apr-2024 | |
| B | Date of end of reporting period | 31-Mar-2025 | |
| C | Whether results are audited or unaudited | Audited | |
| D | Nature of report standalone or consolidated | Consolidated | |
| Part I | Blue color marked fields are non-mandatory. | ||
| Statement of cash flows | |||
| Cash flows from used in operating activities | |||
| Profit before tax | 9968500000 | ||
| Adjustments for reconcile profit (loss) | |||
| Adjustments for finance costs | 13049300000 | ||
| Adjustments for decrease (increase) in inventories | 129700000 | ||
| Adjustments for decrease (increase) in trade receivables, current | -794400000 | ||
| Adjustments for decrease (increase) in trade receivables, non-current | 0 | ||
| Adjustments for decrease (increase) in other current assets | -41400000 | ||
| Adjustments for decrease (increase) in other non-current assets | 0 | ||
| Adjustments for other financial assets, non-current | 47138800000 | ||
| Adjustments for other financial assets, current | 1447200000 | ||
| Adjustments for other bank balances | 0 | ||
| Adjustments for increase (decrease) in trade payables, current | -819000000 | ||
| Adjustments for increase (decrease) in trade payables, non-current | 0 | ||
| Adjustments for increase (decrease) in other current liabilities | 512600000 | ||
| Adjustments for increase (decrease) in other non-current liabilities | 0 | ||
| Adjustments for depreciation and amortisation expense | 637900000 | ||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 4247400000 | ||
| Adjustments for provisions, current | 0 | ||
| Adjustments for provisions, non-current | 34300000 | ||
| Adjustments for other financial liabilities, current | 3206000000 | ||
| Adjustments for other financial liabilities, non-current | 0 | ||
| Adjustments for unrealised foreign exchange losses gains | 0 | ||
| Adjustments for dividend income | 148800000 | ||
| Adjustments for interest income | 19607400000 | ||
| Adjustments for share-based payments | 220000000 | ||
| Adjustments for fair value losses (gains) | -7354700000 | ||
| Adjustments for undistributed profits of associates | 0 | ||
| Other adjustments for which cash effects are investing or financing cash flow | -8100000 | ||
| Other adjustments to reconcile profit (loss) | 0 | ||
| Other adjustments for non-cash items | 56500000 | ||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | ||
| Total adjustments for reconcile profit (loss) | 41905900000 | ||
| Net cash flows from (used in) operations | 51874400000 | ||
| Dividends received | 0 | ||
| Interest paid | 13959800000 | ||
| Interest received | 19821100000 | ||
| Income taxes paid (refund) | 2048900000 | ||
| Other inflows (outflows) of cash | 0 | ||
| Net cash flows from (used in) operating activities | 55686800000 | ||
| Cash flows from used in investing activities | |||
| Cash flows from losing control of subsidiaries or other businesses | 0 | ||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0 | ||
| Other cash receipts from sales of equity or debt instruments of other entities | 7154500000 | ||
| Other cash payments to acquire equity or debt instruments of other entities | 24479900000 | ||
| Other cash receipts from sales of interests in joint ventures | 0 | ||
| Other cash payments to acquire interests in joint ventures | 0 | ||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0 | ||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0 | ||
| Proceeds from sales of property, plant and equipment | 15600000 | ||
| Purchase of property, plant and equipment | 339700000 | ||
| Proceeds from sales of investment property | 0 | ||
| Purchase of investment property | 0 | ||
| Proceeds from sales of intangible assets | 0 | ||
| Purchase of intangible assets | 0 | ||
| Proceeds from sales of intangible assets under development | 0 | ||
| Purchase of intangible assets under development | 0 | ||
| Proceeds from sales of goodwill | 0 | ||
| Purchase of goodwill | 0 | ||
| Proceeds from biological assets other than bearer plants | 0 | ||
| Purchase of biological assets other than bearer plants | 0 | ||
| Proceeds from government grants | 0 | ||
| Proceeds from sales of other long-term assets | 0 | ||
| Purchase of other long-term assets | 0 | ||
| Cash advances and loans made to other parties | 0 | ||
| Cash receipts from repayment of advances and loans made to other parties | 0 | ||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0 | ||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0 | ||
| Dividends received | 148800000 | ||
| Interest received | 324500000 | ||
| Income taxes paid (refund) | 0 | ||
| Other inflows (outflows) of cash | -7568900000 | ||
| Net cash flows from (used in) investing activities | -24745100000 | ||
| Cash flows from used in financing activities | |||
| Proceeds from changes in ownership interests in subsidiaries | 0 | ||
| Payments from changes in ownership interests in subsidiaries | 0 | ||
| Proceeds from issuing shares | 0 | ||
| Proceeds from issuing other equity instruments | 903800000 | ||
| Payments to acquire or redeem entity's shares | 0 | ||
| Payments of other equity instruments | 160000000 | ||
| Proceeds from exercise of stock options | 1400000 | ||
| Proceeds from issuing debentures notes bonds etc | 32323000000 | ||
| Proceeds from borrowings | 14309000000 | ||
| Repayments of borrowings | 92880700000 | ||
| Payments of lease liabilities | 393200000 | ||
| Dividends paid | 1960800000 | ||
| Interest paid | 0 | ||
| Income taxes paid (refund) | 0 | ||
| Other inflows (outflows) of cash | 0 | ||
| Net cash flows from (used in) financing activities | -47857500000 | ||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -16915800000 | ||
| Effect of exchange rate changes on cash and cash equivalents | |||
| Effect of exchange rate changes on cash and cash equivalents | 0 | ||
| Net increase (decrease) in cash and cash equivalents | -16915800000 | ||
| Cash and cash equivalents cash flow statement at beginning of period | 22315800000 | ||
| Cash and cash equivalents cash flow statement at end of period | 5400000000 | ||
Statement of Asset and Liabilities |
|||
|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-Apr-2024 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Finanical Asset | ||
| Cash and cash equivalents | 5400000000 | ||
| Bank Balance other than (a) above | 39688400000 | ||
| Derivative financial instruments | 0 | ||
| Receivables | |||
| (I) Trade Receivables | 6462800000 | ||
| (II) Other Receivables | 0 | ||
| Loans | 99175800000 | ||
| Investments | 54641400000 | ||
| Other Financial assets | 23944400000 | ||
| Total Financial Assets | 229312800000 | ||
| 2 | Non Financial Asset | ||
| Inventories | 1299000000 | ||
| Current tax assets (Net) | 3162000000 | ||
| Deferred tax Assets (Net) | 3342200000 | ||
| Investment Property | 0 | ||
| Biological assets other than bearer plants | 0 | ||
| Property, Plant and Equipment | 5033900000 | ||
| Capital work-in-progress | 102300000 | ||
| Intangible assets under development | 0 | ||
| Goodwill | 524400000 | ||
| Other Intangible assets | 232100000 | ||
| Other non-financial assets (to be specified) | 2032300000 | ||
| Total Non Financial Assets | 15728200000 | ||
| Total assets | 245041000000 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 955800000 | ||
| Other equity | 96322200000 | ||
| Total equity attributable to owners of parent | 97278000000 | ||
| Non controlling interest | 5026500000 | ||
| Total equity | 102304500000 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | 0 | |
| (b) | Payables | ||
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 24200000 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 12312800000 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 0 | ||
| (C ) | Debt Securities | 86864000000 | |
| (d) | Borrowings (Other than Debt Securities) | 27328700000 | |
| (e) | Deposits | 0 | |
| (f) | Subordinated Liabilities | 0 | |
| (g) | Other financial liabilities | 12421000000 | |
| Total Financial Liabilities | 138950700000 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 45900000 | |
| (b) | Provisions | 581200000 | |
| (C ) | Deferred tax liabilities (Net) | 1567600000 | |
| (d) | Other non-financial liabilities | 1591100000 | |
| Total Non Financial Liabilities | 3785800000 | ||
| Total liabilities | 142736500000 | ||
| Total equity and liabilites | 245041000000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results |
|||
|---|---|---|---|
| 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-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| Whether accounts 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 | Investment Bank | 3786100000 | 17586100000 |
| 2 | Mortgage Lending | 2952800000 | 13170000000 |
| 3 | Alternative & Distressed Credit | 609700000 | 2267700000 |
| 4 | Asset Management, Wealth Management & Securities Business (Platform AWS) | 3083900000 | 12138700000 |
| 5 | Others | 373700000 | 1549800000 |
| Total Segment Revenue | 10806200000 | 46712300000 | |
| Less: Inter segment revenue | 534100000 | 2184000000 | |
| Revenue from operations | 10272100000 | 44528300000 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Investment Bank | 1456100000 | 6768500000 |
| 2 | Mortgage Lending | 938000000 | 1333000000 |
| 3 | Alternative & Distressed Credit | 200600000 | -321100000 |
| 4 | Asset Management, Wealth Management & Securities Business (Platform AWS) | 243900000 | 1098800000 |
| 5 | Others | 275600000 | 1089300000 |
| Total Profit before tax | 3114200000 | 9968500000 | |
| i. Finance cost | 0 | 0 | |
| ii. Other Unallocable Expenditure net off Unallocable income | 0 | 0 | |
| Profit before tax | 3114200000 | 9968500000 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Investment Bank | 61062800000 | 61062800000 |
| 2 | Mortgage Lending | 92017300000 | 92017300000 |
| 3 | Alternative & Distressed Credit | 25316700000 | 25316700000 |
| 4 | Asset Management, Wealth Management & Securities Business (Platform AWS) | 57973100000 | 57973100000 |
| 5 | Others | 8146700000 | 8146700000 |
| Total Segment Asset | 244516600000 | 244516600000 | |
| Un-allocable Assets | 0 | 0 | |
| Net Segment Asset | 244516600000 | 244516600000 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Investment Bank | 28370700000 | 28370700000 |
| 2 | Mortgage Lending | 53131800000 | 53131800000 |
| 3 | Alternative & Distressed Credit | 12431900000 | 12431900000 |
| 4 | Asset Management, Wealth Management & Securities Business (Platform AWS) | 47264000000 | 47264000000 |
| 5 | Others | 1538100000 | 1538100000 |
| Total Segment Liabilities | 142736500000 | 142736500000 | |
| Un-allocable Liabilities | 0 | 0 | |
| Net Segment Liabilities | 142736500000 | 142736500000 | |
| Disclosure of notes on segments | |||
Other Comprehensive Income |
|||
|---|---|---|---|
| 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-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| 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 | 2800000 | -45900000 |
| 2 | Share in other comprehensive income of associate | 0 | 0 |
| Total Amount of items that will not be reclassified to profit and loss | 2800000 | -45900000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 900000 | -11600000 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translation of foreign operations | 200000 | 61500000 |
| Total Amount of items that will be reclassified to profit and loss | 200000 | 61500000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | 0 |
| 5 | Total Other comprehensive income | 2100000 | 27200000 |
Details of Impact of Audit Qualification |
|
|---|---|
| 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-Jul-2027 | ||
|---|---|---|---|---|---|