India · Delayed Price · Currency is INR JM Financial Earnings Call Transcripts
Fiscal Year 2026
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PAT for nine months rose 69% YoY to INR 1,037 crore, with strong growth in fee income, Wealth, and Affordable Housing. IPO and M&A pipelines remain robust, while investments in talent and technology continue. Market volatility and real estate normalization are key risks.
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Q2 FY26 saw strong profit growth, record fees, and a robust IPO pipeline, with continued expansion in wealth and asset management. Asset quality remains solid, and the company is focused on recoveries, digital investments, and scaling up core businesses.
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Achieved record operating PAT and net worth, with 22% year-over-year growth in revenue and profits. Strong recoveries, reduced borrowings, and robust segment performance, especially in wealth and capital markets, underpin a positive outlook with ambitious growth targets and a strong IPO pipeline.
Fiscal Year 2025
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Shareholding in Credit Solutions increased to 97% and the loan book was significantly reduced, supporting a shift to an asset-light model. Fee income and AUM in wealth and asset management grew strongly, while the board recommended a record dividend. Recoveries and profitability are expected to improve further.
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Revenue and profit remained robust in Q3 FY25, with a strategic shift to syndication driving a 45% reduction in the wholesale loan book. Wealth and asset management AUMs grew strongly, while high provisioning has positioned the credit business for future write-backs. Talent investments and a strong deal pipeline support a positive outlook.
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Revenue and profits grew strongly year-over-year, with focused businesses in capital markets, wealth, and asset management showing robust traction. Conservative provisioning increased NPA coverage, while surplus liquidity is set for redeployment and future dividends.
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Q1 FY25 saw modest revenue and profit growth, with a strategic pivot to off-balance sheet syndication and increased focus on wealth, asset management, and capital markets. Retail mortgage loans surged, while non-retail loans declined, and a major stake acquisition in Credit Solutions was announced.