JM Financial’s (JMF) Q3FY23 earnings were characterised by: 1) Consolidated loan growth was up 4% QoQ (on a higher base) and 36% YoY. 2) Retail mortgage disbursements were up 17% QoQ/ 34% YoY; AUM was up 86% YoY; network rises to 78 branches vs 50 YoY.