JM Financial Limited has informed the Exchange regarding a press release dated May 12, 2025, titled "JM Financial Limited reports Consolidated Revenue and PAT of Rs. 1,027 croreand Rs. 210 crore respectively for Q4FY25. Dividend recommended at Rs. 2.7 pershare".
JMFINANCIL · price
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JM Financial reported Q4FY25 consolidated revenue of Rs. 1,027 crore (down 8% from the previous quarter) and a net profit of Rs. 210 crore, roughly flat versus Q3FY25. The board recommended a dividend of Rs. 2.7 per share. On the strategy side, the company raised its stake in JM Financial Credit Solutions from 46.68% to 97.02% for Rs. 1,501 crore, consolidating the distressed credit business, while running down its wholesale loan book from Rs. 7,529 crore to Rs. 3,570 crore as it pivots toward an originate-and-syndicate model. Key businesses showed strong momentum: private wealth AUM rose 11% YoY to Rs. 75,804 crore, mutual fund AUM doubled to Rs. 13,419 crore, and affordable home loan AUM grew 26% YoY to Rs. 2,832 crore across 128 branches. The company is also entitled to a Rs. 230 crore tax refund and reported improved provision coverage of 87% (vs 55% a year ago). For full-year FY25, consolidated net profit stood at Rs. 821 crore, with book value per share rising to Rs. 101.2.
Mixed near-term picture: quarterly revenue declined QoQ due to the deliberate wholesale loan book shrinkage, but core franchise metrics (wealth, AMC, affordable housing) grew strongly and the balance sheet looks healthier. The Rs. 2.7 dividend and improved provision coverage are positives for shareholders, while the major consolidation move in credit solutions could reshape future earnings mix.