JM FINANCIAL LIMITED

Operates as a diversified Indian financial services holding company spanning five segments: capital markets advisory, private credit, wealth and asset management, affordable housing finance and treasury operations. Wealth and Asset Management contributed 32.2% of segment revenue, managing portfolios for clients with recurring AUM of Rs 30,838 crore. Private Markets accounted for 28.6%, providing private credit and financing solutions. Corporate Advisory and Capital Markets made up 20.9%, where the group is ranked #1 in IPOs by deal volume and executed 55 filed IPO transactions aggregating ~Rs 1.4 lakh crore in FY26, plus 43 ECM transactions raising over Rs 94,854 crore. Affordable Home Loans represented 10.0%, lending to lower-ticket housing borrowers with an AUM of Rs 3,460 crore, up 22% year on year. Treasury and others contributed 8.3% of segment revenue. Group revenue for FY26 was Rs 4,091.1 crore with consolidated net profit of Rs 1,201.04 crore, and the cost base is dominated by employee expenses at 25.8% of revenue, reflecting the asset-light, fee- and advisory-driven nature of the bulk of the business.