Holding company JM Financial announced Q1FY25 results: Executed several capital market and M&A; transactions Private Wealth AUM increased by 27% YoY to Rs 74,040 crore as of June 30, 2024 (Rs 58,163 crore as of June 30, 2023) PMS AUM increased by 86% YoY to Rs 2,325 crore as of June 30, 2024 (Rs 1,252 crore as of June 30, 2023) Wholesale mortgage lending Strong repayments of Rs 1,109 crore during the quarter leading to reduction in loan book Provisions coverage ratio increased from 55% to 65% for Stage-3 loan accounts resulting in incremental provision of ~Rs 73 crore Retail mortgage lending Branch network expanded to 112 as of June 30, 2024 from 93 as of June 30, 2023 Quarterly disbursement of Rs 116 crore Portfolio assignment of Rs 95 crore Loan book has increased by 39% YoY to Rs 2,022 crore as of June 30, 2024 (Rs 1,450 crore as of June 30, 2023) Platform AWS (Asset management, Wealth management and Securities business): Average daily turnover increased by 86% YoY to Rs 60,740 crore as of June 30, 2024 (June 30, 2023 - Rs 32,626 crore) SEBI Margin Trade Financing book grew more than two times to Rs 1,806 crore as of June 30, 2024 (June 30, 2023 – Rs 863 crore) Retail and Elite Wealth AUM increased by 19% YoY and 62% YoY respectively to Rs 30,125 crore and Rs 2,181 crore respectively as of June 30, 2024 (Retail and Elite Wealth AUM* stood at Rs 25,316 crore and Rs 1,348 crore respectively as of June 30, 2023) Closing AUM of mutual fund business grew more than three times to Rs 9,318 crore as of June 30, 2024 (Rs 2,811 crore as of June 30, 2023). Closing AUM of equity schemes grew more than six times to Rs 6,850 crore as of June 30, 2024. Commenting on the results and financial performance, Vishal Kampani, Non-executive Vice Chairman, JM Financial, said, “The growth in the key economies has been resilient as underlying inflationary pressure has moderated and as a result, a number of central banks have adopted a less restrictive monetary policy. The Indian economy has demonstrated sustained resilience thanks to positive business outlook and consumer sentiment, robust private consumption and continued momentum in manufacturing and services. Resilient capital market and strong retail participation along with FIIs and DIIs have set the stage for robust activities. The healthy balance sheets of banks and corporates and capex push by the government created a conducive climate for investment and growth. We are seeing tremendous traction in the capital markets, wealth and asset management businesses. Post the strategic announcements, we are aligning our resources and channelizing the bandwidth towards our focused businesses which include the capital markets, broking, wealth and asset management, private credit syndication and affordable home loans. We are happy to report that the AUM of our wealth management businesses crossed a milestone of rupees one lakh crore and the AUM of the mutual fund business has achieved a milestone of Rs 10,000 crore in the month of July 2024.” Result PDF