Shares of JM Financial Ltd surged over 8.7% to ₹115.00 on the NSE in Monday’s early trade after the company reported a sharp jump in its consolidated net profit for the March 2025 quarter. The financial services firm posted a net profit of ₹134.6 crore, up nearly fivefold from ₹27.5 crore in the same quarter last year.
Net interest income (NII) rose 31.9% year-on-year to ₹250.2 crore, while total revenue stood at ₹1,027 crore. The board also recommended a final dividend of ₹2.7 per share.
JM Financial announced that it has consolidated its distressed credit operations under JM Financial Credit Solutions Ltd by increasing its stake to 97.02% from 46.68%, at a cost of ₹1,501 crore. The company is also strategically reducing its wholesale loan book, which now stands at ₹3,570 crore, down from ₹7,529 crore last year.
Asset management and wealth segments reported strong performance, with mutual fund AUM doubling to ₹13,419 crore and elite wealth AUM climbing 36% YoY to ₹2,584 crore. Retail mortgage lending saw a 26% rise in AUM to ₹2,832 crore.
JM Financial expects a robust capital markets environment and M&A activity to drive growth in FY26. The company also received an income tax refund order worth approximately ₹230 crore.
Stock details:
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Current Price: ₹115.00
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% Change: +8.70%
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Market Cap: ₹109.42B
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P/E Ratio: 28.56
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Dividend Yield: 1.75%
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