Holding Company JM Financial announced Q1FY26 results Highest ever operating PAT at Rs 454 crore (YoY increase of 166%). Net worth has crossed Rs 10,000 crore. Book value per share at ~Rs 106.4. Net revenue increased by 22% YoY to Rs 779 crore. Pre-Provisioning operating profit increased by 22% YoY to Rs 389 crore. Real estate loan book declined 56% YoY to Rs 2,063 crore. Over the last 12 months, JM Financial Asset Reconstruction Company's share of recoveries stood at Rs 1,368 crore. Net reversal of impairment on financial instruments of Rs 204 crore. Borrowing has reduced by ~Rs 4,300 crore in the last one year. Increased shareholding in JM Financial Credit Solutions (JMFCSL) to 100%. Bajaj Allianz Life Insurance Company Limited to acquire 2.1% stake in JM Financial Home Loans for Rs 65.5 crore, valuing the business at ~Rs 3,120 crore. Strong execution in wealth management expansion – YoY addition of 13 branches, sales and wealth RMs headcount has increased by 45% YoY to 947, recurring AUM up 37% YoY to Rs 31,180 crore. Mutual Fund AUM increased by 49% YoY to Rs 13,901 crore, and SIP flow is ~Rs 120 crore per month. Affordable Home Loans AUM increased by 29% YoY to Rs 2,911 crore. #1 in Equity Capital Markets in Q1FY26 with 10 marquee transactions. The pipeline of transactions remains strong, 45 filed IPO transactions aggregating to ~Rs 100,000 crore (further IPOs to be filed would be additional). Vishal Kampani, Vice Chairman & Managing Director, JM Financial, said: “We are extremely excited by the strong momentum across all our business verticals. Our performance is backed by decisive execution, be it in attracting top talent, adding marquee clients, or expanding our physical and digital presence. The transaction pipeline remains robust across businesses, reflecting our deep market engagement. In real estate loans and distressed credit, our focused recovery strategies have delivered strong results, and we remain committed to driving similar outcomes, going forward. The transaction with Bajaj Life Insurance Company Limited has created a benchmark valuation of over Rs 3,000 crore for the home loans business, which has been built bottom-up over the last 7 years. An extremely strong Q1FY26 operating profit after tax of Rs 454 crore has given very high visibility towards improving return on equity.” Result PDF