JM Financial cash flow

Latest FY26

Cash from operations: ₹581cr−89.6% on FY25
Capital spending: ₹64.2cr+89.1% on FY25
Free cash flow: ₹517cr−90.7% on FY25
Cash from financing: −₹116cr−₹4,786 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	78.4	63.8	53.0	41.9
	—	−237	425	577	95.6
	—	999	1,305	1,562	1,179
	—	−1,784	−1,961	−2,582	−2,112
	—	−23.1	−14.9	−13.0	−4.8
	—	−571	−735	−560	−183
	—	16.8	22.0	9.9	6.1
	—	−0.9	5.7	847	0.1
	—	0.0	−0.8	−0.7	−0.4
	—	2.4	13.0	−40.8	−102
	—	−787	−79.4	645	−736
	—	−191	145	689	−2,333
	—	327	4,714	1,160	0.0
	—	−6.2	−4.1	0.0	−169
	—	0.0	0.0	−2.0	0.0
	—	947	−81.9	−7.6	477
	—	−176	321	287	96.0
	—	−65.7	51.3	27.4	0.0
	—	0.0	0.0	0.0	−113
	—	31.6	0.0	0.0	0.0
	—	0.0	3.4	−6.9	4.5
Cash from operating activities
	1,443	1,580	997	353	953
	—	−1,439	4,191	2,643	−3,854
	—	141	5,187	2,997	−2,901
	—	1,639	1,982	2,567	1,865
	—	983	1,396	1,549	1,139
	—	216	205	380	274
	—	581	5,569	3,635	−2,449
Cash from investing activities
	—	64.2	34.0	53.7	125
	—	9.6	1.6	0.8	0.5
	—	1,274	2,448	1,176	992
	—	1,069	715	457	1,062
	—	0.0	0.0	−13.3	0.0
	—	23.1	14.9	13.0	4.8
	—	132	32.5	26.7	169
	—	−427	−757	−1,344	−571
	—	−532	−2,475	−2,090	−451
Cash from financing activities
	—	239	90.4	91.5	0.2
	—	1.0	0.1	0.3	0.1
	—	5.3	16.0	76.4	9.2
	—	2.1	0.0	0.0	7.4
	—	3,977	3,232	911	349
	—	1,298	1,431	2,590	2,033
	—	5,177	9,288	3,235	0.0
	—	49.4	39.3	32.1	23.8
	—	402	196	86.9	196
	—	−116	−4,786	162	2,161
	—	−67.8	−1,692	1,708	−739
	—	−67.8	−1,692	1,708	−739
	—	472	—	2,232	524
Reference items
	2,510	2,510	—	—	—
	60.0%	61.4%	—	—	—
	517	517	5,535	3,581	−2,573
	—	619	809	3,851	—
	₹5.40	₹5.40	₹57.87	₹37.45	−₹26.91
	21.11×	—	—	—	—
	—	0.48×	7.20×	118.21×	−3.45×
	—	216	205	380	274
	—	983	1,396	1,549	1,139

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

JMFINANCIL₹114.01

JM Financial Ltd.

· Banking & Finance

₹ CrorePeersIIFLCAPS MOTILALOFS EDELWEISS IOB IFCI IDBI NUVAMA PINELABSMcap ₹10,904 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	41.9	53.0	63.8	78.4	—
+ Impairment Loss / (Reversal)	95.6	577.2	424.7	-237.2	—
+ Finance Costs	1,178.5	1,561.5	1,304.9	999.2	—
+ Interest Income	-2,112.5	-2,582.3	-1,960.7	-1,783.7	—
+ Dividend Income	-4.8	-13.0	-14.9	-23.1	—
+ Fair Value (Gains) / Losses	-183.4	-559.6	-735.5	-570.7	—
+ Share-based Payments	6.1	9.9	22.0	16.8	—
+ Other Non-cash Items	0.1	846.9	5.7	-0.9	—
+ Other — Cash Effects are Investing / Financing	-0.4	-0.7	-0.8	0.0	—
Changes in Working Capital
+ Inventories	-102.1	-40.8	13.0	2.4	—
+ Trade Receivables — Current	-735.5	644.6	-79.4	-786.8	—
+ Other Financial Assets — Current	-2,333.4	688.9	144.7	-190.9	—
+ Other Financial Assets — Non-current	0.0	1,159.7	4,713.9	326.8	—
+ Other Current Assets	-168.6	0.0	-4.1	-6.2	—
+ Other Non-current Assets	0.0	-2.0	0.0	0.0	—
+ Trade Payables — Current	477.3	-7.6	-81.9	947.2	—
+ Other Financial Liabilities — Current	96.0	286.9	320.6	-176.1	—
+ Other Current Liabilities	0.0	27.4	51.3	-65.7	—
+ Other Non-current Liabilities	-112.8	0.0	0.0	0.0	—
+ Provisions — Current	0.0	0.0	0.0	31.6	—
+ Provisions — Non-current	4.5	-6.9	3.4	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	952.6	353.4	996.9	1,580.4	1,443.4
+ Total Adjustments (incl. Working Capital)	-3,853.5	2,643.2	4,190.6	-1,439.1	—
Cash from Operations (pre-tax)	-2,900.9	2,996.6	5,187.4	141.4	—
+ Interest Received — Operating	1,865.0	2,567.5	1,982.1	1,639.1	—
+ Interest Paid — Operating	1,138.6	1,549.2	1,396.0	983.4	—
+ Income Taxes Paid	274.2	379.8	204.9	216.4	—
Cash from Operating Activities	-2,448.7	3,635.1	5,568.7	580.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	124.5	53.7	34.0	64.2	—
+ Disp of Fixed Assets	0.5	0.8	1.6	9.6	—
+ Purchase of Investments (Equity / Debt)	991.9	1,176.5	2,448.0	1,274.5	—
+ Sale of Investments (Equity / Debt)	1,062.3	457.3	715.5	1,069.1	—
+ Disp of Subsidiaries / Businesses (net)	0.0	-13.3	0.0	0.0	—
+ Dividends Received — Investing	4.8	13.0	14.9	23.1	—
+ Interest Received — Investing	168.8	26.7	32.5	131.5	—
+ Other Inflows / (Outflows) — Investing	-570.7	-1,344.3	-756.9	-427.1	—
Cash from Investing Activities	-450.8	-2,089.9	-2,474.5	-532.4	—
Cash from Financing Activities
+ Proceeds from Other Equity Instruments	0.2	91.5	90.4	238.5	—
+ Proceeds from Exercise of Stock Options	0.1	0.3	0.1	1.0	—
+ Payments for Other Equity Instruments	9.2	76.4	16.0	5.3	—
+ Proceeds — Change in Ownership of Subsidiaries	7.4	0.0	0.0	2.1	—
+ Proceeds from Debentures / Notes / Bonds	349.2	911.4	3,232.3	3,977.4	—
+ Proceeds from Borrowings	2,033.1	2,589.7	1,430.9	1,298.3	—
+ Repayment of Borrowings	0.0	3,235.1	9,288.1	5,177.0	—
+ Payment of Lease Liabilities	23.8	32.1	39.3	49.4	—
+ Dividends Paid	196.4	86.9	196.1	401.7	—
Cash from Financing Activities	2,160.7	162.5	-4,785.8	-116.1	—
Net Changes in Cash (pre-FX)	-738.9	1,707.6	-1,691.6	-67.8	—
Net Changes in Cash	-738.9	1,707.6	-1,691.6	-67.8	—
Closing Cash	524.0	2,231.6	—	472.2	—
Reference Items
EBITDA	—	—	—	2,509.8	2,509.8
EBITDA Margin %	—	—	—	61.35	60.04
Free Cash Flow (CFO − Capex)	-2,573.3	3,581.3	5,534.7	516.5	516.5
Free Cash Flow to Equity	—	3,851.5	809.2	619.1	—
Free Cash Flow per Basic Share	-26.91	37.45	57.87	5.40	5.40
Price to Free Cash Flow	—	—	—	—	21.11
Cash Flow to Net Income	-3.45	118.21	7.20	0.48	—
Cash Paid for Taxes	274.2	379.8	204.9	216.4	—
Cash Paid for Interest	1,138.6	1,549.2	1,396.0	983.4	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.