Holding company JM Financial announced Q4FY26 & FY26 results Q4FY26 Consolidated Financial Highlights: Total Revenue from Operations: Stood at Rs 949.12 crore in Q4FY26, registering a YoY decline of 5.46% compared to Rs 1,003.92 crore in Q4FY25, and a QoQ decline of 5.03% from Rs 999.36 crore in Q3FY26. Total Income: Reported at Rs 969.21 crore, a decrease of 5.65% YoY (vs Rs 1,027.21 crore in Q4FY25) and a decline of 13.92% QoQ (vs Rs 1,125.87 crore in Q3FY26). Net Profit for the Period: Stood at Rs 159.36 crore, witnessing a 32.19% YoY drop from Rs 235.01 crore in Q4FY25 and a 47.75% QoQ decrease compared to Rs 305.01 crore in Q3FY26. Net Profit Attributable to Owners: Reported at Rs 165.36 crore in Q4FY26, down from Rs 209.53 crore in Q4FY25 and Rs 312.80 crore in Q3FY26. FY26 Consolidated Financial Highlights: Total Revenue from Operations: Amounted to Rs 4,091.10 crore, recording a 6.55% YoY decline compared to Rs 4,377.62 crore in FY25. Total Income: Reached Rs 4,260.59 crore, down 4.32% YoY from Rs 4,452.83 crore in FY25. Net Profit for the Year: Displayed strong growth, rising by 52.45% YoY to Rs 1,176.88 crore in FY26 compared to Rs 772.00 crore in FY25. Net Profit Attributable to Owners: Increased significantly to Rs 1,201.97 crore in FY26, up from Rs 821.31 crore in FY25. Q4FY26 Standalone Financial Highlights: Total Revenue from Operations: Stood at Rs 119.37 crore, down 47.06% YoY (vs Rs 225.49 crore in Q4FY25) and 38.69% QoQ (vs Rs 194.71 crore in Q3FY26). Total Income: Reported at Rs 121.98 crore, a decline of 46.91% YoY (vs Rs 229.76 crore in Q4FY25) and 72.07% QoQ (vs Rs 436.76 crore in Q3FY26). Net Profit for the Period: Stood at Rs 25.67 crore, showing a significant YoY drop of 80.52% (vs Rs 131.80 crore in Q4FY25) and a QoQ drop of 91.09% (vs Rs 288.13 crore in Q3FY26). FY26 Standalone Financial Highlights: Total Revenue from Operations: Grew by 9.31% YoY to Rs 835.57 crore from Rs 764.39 crore in FY25. Total Income: Increased by 24.71% YoY to Rs 1,202.17 crore from Rs 964.00 crore in FY25. Net Profit for the Year: Registered a 24.85% YoY growth, standing at Rs 693.14 crore compared to Rs 555.17 crore in FY25. Business & Segment Highlights: Segment-wise Revenue Performance (Consolidated FY26): Effective April 1, 2025, operating segments were revised into four new reportable segments: Corporate Advisory and Capital Markets: Revenue stood at Rs 946.01 crore, registering a 20.13% YoY growth compared to Rs 787.50 crore in FY25. Wealth and Asset Management: Revenue reached Rs 1,458.63 crore, up 7.26% YoY from Rs 1,359.96 crore in FY25. Private Markets: Revenue declined to Rs 1,298.19 crore, down 29.22% YoY from Rs 1,834.14 crore in FY25. Affordable Home Loans: Revenue stood at Rs 455.21 crore, showcasing a 25.23% YoY growth from Rs 363.49 crore in FY25. Treasury and Others: Revenue reported at Rs 376.09 crore compared to Rs 324.65 crore in FY25. Dividend: The Board of Directors recommended a final dividend of Rs 1.75 per share (face value of Re 1 each) for FY26. Stock Options Allotment: During Q4FY26, the company allotted 34,679 equity shares to eligible employees upon the exercise of stock options, increasing the total paid-up equity share capital to Rs 95,63,70,552. Overseas Subsidiary Investment: In Q4FY26, the company subscribed to 24,25,000 ordinary shares of USD 1 each of JM Financial Overseas Holdings Private Limited for an aggregate consideration of USD 3.59 million (approx. Rs 33.70 crore) to support the expansion of overseas businesses. Income Tax Refund: The company received a favorable order from the Deputy Commissioner of Income Tax for AY 2008-09, resulting in an income tax refund of Rs 223.32 crore (including interest of Rs 112.80 crore) on November 14, 2025. Exceptional Items (Impact of New Labour Codes): The Government of India's newly notified Labour Codes resulted in an increase in gratuity liability arising from past service. The company accounted for this incremental impact as an "Exceptional item" amounting to Rs 2.69 crore and Rs 21.29 crore in the standalone and consolidated financial results, respectively. Vishal Kampani, Vice Chairman & Managing Director, JM Financial, said: “Escalating geopolitical tensions and its impact on the world continues to remain the dominant theme. These tensions are expected to impact key macro-economic indicators in India. We reported our highest ever PAT crossing Rs 1,200 crore for FY26 generating a return of equity of ~12%. The pipeline for equity and advisory transactions is swelling in the Corporate Advisory and Capital Markets segment. We’ve expanded significantly in people and infrastructure in wealth management over the last year and are now focused on improving productivity. Private Markets business has de-risked significantly with resolutions in distressed credit and repayments / pre-payments in real estate loans. Affordable home loans business has now expanded to over 150 branches and reported a strong 22% YoY growth in AUM and a 45% YoY growth in PAT.” Result PDF