JMFINANCIL2023-04-012023-06-30 JMFINANCIL2023-04-012023-06-30in-bse-fin:OneOtherRevenueFromOperations01Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneOtherRevenueFromOperations02Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member JMFINANCIL2023-06-30 JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue01Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue02Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue03Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue04Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentRevenue05Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults01Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults02Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults03Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults04Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentResults05Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets01Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets02Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets03Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets04Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentAssets05Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities01Member JMFINANCIL2023-06-30in-bse-fin:OneReportableSegmentLiabilities01Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities02Member JMFINANCIL2023-06-30in-bse-fin:OneReportableSegmentLiabilities02Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities03Member JMFINANCIL2023-06-30in-bse-fin:OneReportableSegmentLiabilities03Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities04Member JMFINANCIL2023-06-30in-bse-fin:OneReportableSegmentLiabilities04Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneReportableSegmentLiabilities05Member JMFINANCIL2023-06-30in-bse-fin:OneReportableSegmentLiabilities05Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JMFINANCIL2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 523405 JMFINANCIL NOTLISTED JM Financial Limited Equity 2023-04-01 2024-03-31 2023-08-03 2023-07-01 INR Crores First quarter 2023-08-03 14:00:00 2023-08-03 15:50:00 false Not applicable Multi segment 2023-04-01 2023-06-30 Unaudited Consolidated 5178800000.00 0.00 0.00 2029600000.00 1802400000.00 800000.00 0.00 0.00 1637900000.00 10649500000.00 161700000.00 10811200000.00 0.00 0.00 0.00 1934200000.00 3658800000.00 120300000.00 0.00 0.00 0.00 1460800000.00 1332700000.00 8506800000.00 2304400000.00 0.00 2304400000.00 832100000.00 -280700000.00 551400000.00 1753000000.00 0.00 0.00 0.00 12600000.00 1765600000.00 -7000000.00 1758600000.00 1659000000.00 106600000.00 1652100000.00 106500000.00 955000000.00 1 1.74 1.74 0.00 0.00 1.74 1.74 0.00 0.00 0.00 The aforesaid unaudited standalone and consolidated financial results for the first quarter ended June 30 2023 have been reviewed by the Audit Committee and on its recommendation have been approved by the Board of Directors at its meeting held on August 3 2023 in accordance with Regulation 33 of SEBI Listing Regulations. 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 standalone and consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act 2013 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. During the quarter ended June 30 2023 the Allotment Committee of the Board has allotted an aggregate of 227606 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 955031409 representing 955031409 equity shares of the face value of Re 1 each During the quarter ended June 30 2023 the Company received the NCLT order approving the Scheme of Arrangement on April 20 2023 with the appointed date being April 1 2023 which was filed with National Company Law Tribunal during the financial year 2022 23 The Scheme envisaged demerger of the undertaking comprising Private Wealth and Portfolio Management Services and the investment in JM Financial Institutional Securities Limited which houses the institutional equities business from its wholly owned subsidiary JM Financial Services Limited to the Company. The Scheme also comprised merger of JM Financial Capital Limited which is a wholly owned subsidiary of JMFSL into JMFSL Upon the Scheme becoming effective from May 18 2023 on filing of required forms with the Registrar of Companies Mumbai JMFCL has ceased to be a stepdown subsidiary of the Company consequent upon its merger with JMFSL JM Financial Institutional Securities Limited has become a direct wholly owned subsidiary of the Company and The Private Wealth and PMS divisions have been demerged from JMFSL and have become part of the Company and are classified under the Investment Bank segment from the Platform AWS segment 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 The revenue from others include property rental income income from the proceeds pending deployment of Qualified Institutions Placement issue and income from surplus funds The reportable segments are in line with the segment wise information as presented to the Chief Operating Decision Maker The Company and the Group do not have any material operations outside India and hence disclosure of geographic segments is not required As per Ind AS 108 Operating Segments segmentwise details are disclosed on a consolidated basis and hence no separate disclosure has been given on a standalone basis The figures for the quarter ended March 31 2023 in the above financial results are the balancing figures between the audited figures published for the full financial year and the year to date unaudited figures published up to the nine months ended December 31 2022 The Consolidated and Standalone financial results for the first quarter ended June 30 2023 are being uploaded on the website of the Company and BSE Limited and National Stock Exchange of India Limited Brokerage income 865100000.00 Other operating income 772800000.00 Other expenses 1332700000.00 0.00 0.00 0.00 0.00 Alternative & Distressed Credit 1401600000.00 Asset Management Wealth Management Securities Business 1753900000.00 Investment Bank 3909200000.00 Mortgage Lending 3654100000.00 Others 467400000.00 11186200000.00 375000000.00 10811200000.00 Alternative & Distressed Credit 299200000.00 Asset Management Wealth Management Securities Business 122900000.00 Investment Bank 1353400000.00 Mortgage Lending 197900000.00 Others 331000000.00 2304400000.00 0.00 0.00 2304400000.00 Alternative & Distressed Credit 46040500000.00 Asset Management Wealth Management Securities Business 35305300000.00 Investment Bank 81417100000.00 Mortgage Lending 114932300000.00 Others 22322400000.00 300017600000.00 0.00 300017600000.00 Alternative & Distressed Credit 27509300000.00 Asset Management Wealth Management Securities Business 28378600000.00 Investment Bank 53670400000.00 Mortgage Lending 71284200000.00 Others 5038100000.00 185880600000.00 0.00 185880600000.00 Remeasurement of defined benefit obligations -1900000.00 -1900000.00 -500000.00 Exchange differences on translation of foreign operations -5600000.00 -5600000.00 0.00 -7000000.00