| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,201 | 1,111 | +8.0% |
| EBITDA | 700 | 850 | −17.7% |
| EBITDA margin | 58.3% | 76.5% | −18.2 pts |
| Profit before tax | 456 | 593 | −23.1% |
| Net profit | 369 | 459 | −19.7% |
| EPS | ₹3.05 | ₹4.75 | −35.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 10,904 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 472 | 472 | 540 | 2,232 | 524 | ||
| 701 | 701 | 503 | — | — | ||
| 11,522 | 11,522 | 11,419 | 16,145 | 15,875 | ||
| 22,654 | — | — | — | — | ||
| 4,180 | 4,091 | 4,378 | 4,761 | 3,265 | ||
| — | −6.5% | −8.0% | +45.8% | — | ||
| 2,510 | 2,510 | — | — | — | ||
| 60.0% | 61.4% | — | — | — | ||
| 2,431 | 2,431 | — | — | — | ||
| 1,111 | 1,201 | 774 | 30.8 | 709 | ||
| 26.6% | 29.4% | 17.7% | 0.7% | 21.7% | ||
| ₹10.87 | ₹12.57 | ₹8.59 | ₹4.29 | ₹6.25 | ||
| — | +46.3% | +100.4% | −31.4% | — | ||
| — | 581 | 5,569 | 3,635 | −2,449 | ||
| — | −64.2 | −34.0 | −53.7 | −125 | ||
| 517 | 517 | 5,535 | 3,581 | −2,573 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 10,903.9 | |
| - Cash, Equiv & ST Investments | 524.0 | 2,231.6 | 540.0 | 472.2 | 472.2 | |
| + Minority Interest | — | — | 502.7 | 700.7 | 700.7 | |
| + Total Debt | 15,874.6 | 16,144.8 | 11,419.3 | 11,521.9 | 11,521.9 | |
| Enterprise Value | — | — | — | — | 22,654.2 | |
| Revenue | 3,265.1 | 4,760.7 | 4,377.6 | 4,091.1 | 4,180.3 | |
| Growth %, YoY | — | +45.8 | -8.0 | -6.5 | — | |
| EBITDA | — | — | — | 2,509.8 | 2,509.8 | |
| Margin % | — | — | — | 61.35 | 60.04 | |
| EBIT | — | — | — | 2,431.4 | 2,431.4 | |
| Net Income | 709.0 | 30.8 | 773.6 | 1,201.0 | 1,110.8 | |
| Margin % | 21.71 | 0.65 | 17.67 | 29.36 | 26.57 | |
| EPS, Adj (current shares) | 6.25 | 4.29 | 8.59 | 12.57 | 10.87 | |
| Growth %, YoY | — | -31.4 | +100.4 | +46.3 | — | |
| Cash from Operations | -2,448.7 | 3,635.1 | 5,568.7 | 580.7 | — | |
| Capital Expenditures | -124.5 | -53.7 | -34.0 | -64.2 | — | |
| Free Cash Flow | -2,573.3 | 3,581.3 | 5,534.7 | 516.5 | 516.5 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
JM Financial (NSE: JMFINANCIL) had a market capitalisation of ₹10,315 crore at the 30 October 2026 close (₹107.78 a share), a PE ratio of 9.9 on the last four quarters' profit and a price-to-book ratio of 0.97. In FY26 its consolidated net profit attributable to shareholders was ₹1,202 crore on revenue of ₹4,091 crore; in Q1 FY27 (April–June 2026) it was ₹292 crore, down 35.7% year on year. Promoters held 57.95% of the shares on 30 September 2026.
JM Financial's PE ratio is 9.9 at the 30 October 2026 close (₹107.78 a share): a market capitalisation of ₹10,315 crore divided by consolidated net profit attributable to shareholders of ₹1,040 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹1,202 crore) it is 8.6.
JM Financial's price-to-book (PB) ratio is 0.97 at the 30 October 2026 close: a market capitalisation of ₹10,315 crore divided by shareholders' equity (book value) of ₹10,657 crore on 31 March 2026. That is a book value of ₹111.36 per share against a share price of ₹107.78.
JM Financial's debt-to-equity ratio was 1.01 on 31 March 2026: borrowings, debt securities, deposits and subordinated debt of ₹11,522 crore against total equity of ₹11,358 crore. A year earlier, on 31 March 2025, it was 1.12.
JM Financial's market capitalisation was ₹10,315 crore at the 30 October 2026 close: 95.7 crore shares at ₹107.78 each.
JM Financial's basic earnings per share (EPS) were ₹12.57 in FY26, against ₹8.59 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹10.87.
In 2026, JM Financial has declared one dividend: ₹1.75 with record date 12 June 2026.
JM Financial's net worth — shareholders' equity in its consolidated balance sheet — was ₹10,657 crore on 31 March 2026, up 9.6% from ₹9,728 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹10,315 crore at the 30 October 2026 close.
JM Financial's book value per share was ₹111.36 on 31 March 2026: shareholders' equity of ₹10,657 crore divided by the 95.7 crore shares in issue, up 9.4% from ₹101.78 a year earlier. The share price at the 30 October 2026 close was ₹107.78.
JM Financial's dividend yield is 3.02% at the 30 October 2026 close: dividends of ₹3.25 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹107.78. They were ₹1.75 on 12 June 2026 and ₹1.50 on 14 November 2025 (interim).
In FY26, JM Financial's return on equity (ROE) was 11.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year). In FY25, ROE was 9.0%.
Promoters held 57.95% of JM Financial on 30 September 2026, up 0.92 percentage points from 57.03% the previous quarter and up 1.35 percentage points from 56.60% a year earlier, according to the shareholding pattern filed with NSE.
JM Financial will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, JM Financial's shares were held by promoters 57.95%, foreign portfolio investors (FII/FPI) 16.87%, domestic institutions (DII) 5.07% (including mutual funds at 4.55%) and retail and other non-institutional investors 20.11%. Over the year, FII holding was down 1.51 percentage points from 18.38% and DII holding was down 0.54 percentage points from 5.61%.
JM Financial's latest results are for Q1 FY27 (April–June 2026): consolidated net profit attributable to shareholders ₹292 crore, down 35.7% from ₹454 crore in Q1 FY26; revenue from operations ₹1,201 crore, up 8.0% year on year.
In FY26 (April 2025–March 2026), JM Financial's consolidated net profit attributable to shareholders was ₹1,202 crore, up 46.3% from ₹821 crore in FY25, on revenue from operations of ₹4,091 crore (down 6.5%). Over three years, from FY23, net profit was up 101.2%.
On FY26 consolidated figures, against IIFL Capital Services, Motilal Oswal Financial Services and Edelweiss Financial Services: JM Financial's operating margin of 59.4% is the highest of the four (IIFL Capital Services 32.4%, Motilal Oswal Financial Services 40.1%, Edelweiss Financial Services 28.3%; peer average 33.6%); its return on equity of 11.8% is the lowest of the four (IIFL Capital Services 20.2%, Motilal Oswal Financial Services 15.6%, Edelweiss Financial Services 12.1%; peer average 15.9%); its revenue growth over three years of 7.8% a year is the third highest of the four (IIFL Capital Services 21.4% a year, Motilal Oswal Financial Services 30.9% a year, Edelweiss Financial Services 6.5% a year; peer average 19.6% a year).
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, JM Financial's PE ratio is 8.6, the lowest of the four: IIFL Capital Services 19.5, Motilal Oswal Financial Services 30.4 and Edelweiss Financial Services 21.0, a peer average of 23.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, JM Financial earned net profit attributable to shareholders of ₹1,202 crore on revenue of ₹4,091 crore, against ₹561 crore on ₹2,420 crore for IIFL Capital Services. JM Financial's operating margin was 59.4% (IIFL Capital Services 32.4%) and its return on equity 11.8% (IIFL Capital Services 20.2%). At the 30 October 2026 close, JM Financial's market capitalisation was ₹10,315 crore against ₹10,970 crore for IIFL Capital Services, and its PE ratio on FY26 profit 8.6 against 19.5.
From JM Financial's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.