JMFINANCIL2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member JMFINANCIL2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares JMFINANCIL 2021-04-01 2022-03-31 2021-07-01 INR Crores First quarter false Single segment Investment banking & alternate asset management 2021-04-01 2021-06-30 Unaudited Standalone 180600000.00 0.00 0.00 1068100000.00 336800000.00 0.00 0.00 0.00 1585500000.00 12300000.00 1597800000.00 0.00 0.00 0.00 446900000.00 17500000.00 28900000.00 93800000.00 0.00 0.00 -30300000.00 64800000.00 621600000.00 976200000.00 0.00 976200000.00 183000000.00 42500000.00 225500000.00 750700000.00 0.00 0.00 0.00 0.00 750700000.00 500000.00 751200000.00 0.00 0.00 953500000.00 1 0.79 0.79 0.00 0.00 0.79 0.79 Notes The above unaudited financial results for the first quarter ended June 30 2021 have been reviewed by the Audit Committee and on its recommendation have been approved by the Board of Directors at its meeting held on July 28 2021 in accordance with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations201 as amended The said results have been subjected to limited review by the Statutory Auditors of the Company who have issued an unmodified report thereon The said financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India During the quarter ended June 30 2021 the Allotment Committee of the Board has allotted an aggregate of 748801 equity shares of the face value of Re 1 each to the eligible employees upon exercise of stock options by them Consequent upon the said allotment of shares the total paid up equity share capital of the Company has increased to Rs 953471512 Rupees Ninety five crore thirty four lakh seventy one thousand five hundred and twelve representing 953471512 equity shares of the face value of Re 1 each During the quarter ended June 30 2021 the underlying businesses of the reportable segments namely Investment Banking Wealth Management Securities Business IWS Distressed Credit and Asset Management have been reclassified into three new reportable segments namely Investment Bank Alternative Distressed Credit and Asset Management Wealth Management Securities Business Platform AWS The said reclassification of business segments is based on internal review of businesses carried out by the Chief Operating Decision Maker CODM On a consolidated basis the Group has four reportable segments namely Investment Bank Mortgage Lending Alternative Distressed Credit and Asset Management Wealth Management Securities Business Platform AWS Others include property rental income and income from unallocated proceeds of Qualified Institutions Placement QIP issue and other surplus funds These reportable segments are in line with the segment wise information which is being presented to the CODM The outbreak of Covid19 pandemic across the globe and in India has led to a significant decline and volatility in the global and Indian financial markets and corresponding slowdown in the economic activities Though the national lockdown imposed in March 2020 was lifted by the government the regional lockdowns continue to be implemented in areas with a significant number of Covid19 cases Given the uncertainty over the potential macroeconomic impact and external developments the management of the relevant subsidiaries has considered internal and external information up to the date of approval of these consolidated financial results The Group based on the available information has estimated an impact on the future cash flows in respect of the financial assets and has also applied management overlays basis the policies of the said subsidiaries for the purpose of determination of the provision for impairment of financial assets carried at amortised cost and the fair value of certain financial assets carried at fair value through profit or loss FVTPL Accordingly the consolidated financial results for the quarter ended June 30 2021 includes incremental impairment provision of Rs 82point58 crore on account of the pandemic The said provision is in addition to the impairment provision and fair value loss aggregating Rs. 382point76 crore as on March 31 2021 which significantly included potential impact on account of the pandemic Based on the current indicators of future economic conditions the Group considers these provisions to be adequate and the fair values of financial assets carried at FVTPL to be appropriate. Other expenses 64800000.00 0.00 0.00 0.00 0.00 500000.00