JM Financial Q3 profit jumps 50% to Rs 313 crore

JM Financial Q3 Earnings

JM Financial has reported a 50 percent jump in its consolidated profit after tax of Rs 313 crore for the third quarter ended December 2025, driven by strong performance in its corporate advisory, capital markets and private business segments.

The company had posted a profit after tax (PAT) of Rs 209 crore in the same period of the last year, the Mumbai-based company said in a regulatory filing on Thursday.

For the nine months ended December 2025, JM Financial's PAT jumped 69 percent year-on-year to Rs 1,037 crore, it added.

Fees and commission income increased by 32 percent to Rs 306 crore, while operating PAT rose 17 percent to Rs 244 crore. Its consolidated net worth stood at Rs 10,418 crore, up 17 percent.

Vishal Kampani, Vice Chairman and Managing Director, JM Financial, said the company crossed Rs 1,000 crore in PAT during the first nine months, with strong execution of strategies across businesses.

"Private Markets, which provides a natural hedge to volatility in the capital markets business, has witnessed a robust pipeline of syndication transactions and is continuing strong progress in recoveries," he said.

In the quarter, the private markets division's profit rose 82 percent to Rs 111 crore, while the corporate advisory and capital markets unit’s profit increased 12 percent to Rs 89 crore. The affordable home loans segment grew 53 percent to Rs 22 crore.

The wealth and asset management business saw recurring AUM rise 33 percent year-on-year to Rs 33,144 crore, and the mutual fund AUM for non-liquid schemes increased 15 percent to Rs 12,021 crore.

JM Financial said it closed 12 capital market transactions worth around Rs 36,000 crore during the quarter and has a strong pipeline of deals ahead.