Friday, November 7: Shares of JM Financial Ltd. fell 2.4% to Rs 158 in early trade on Friday after the company reported mixed quarterly results, marked by declining revenue and weaker operating performance on a sequential basis.
The financial services firm posted a 16% year-on-year rise in consolidated net profit to Rs 270 crore for the July–September 2025 quarter (Q2 FY26), compared to Rs 232 crore in the same period last year. However, its total income dropped to Rs 1,044 crore, down from Rs 1,211 crore in the previous fiscal year’s corresponding quarter.
Despite the YoY profit growth, market sentiment turned negative after reports highlighted a 7% decline in revenue and a 29% quarter-on-quarter fall in EBITDA, indicating margin pressure and slower operational momentum.
At 9:22 a.m. IST, the stock was trading at Rs 158, down Rs 3.93 from the previous close of Rs 161.93 on the National Stock Exchange (NSE). The company’s market capitalisation stood at Rs 15,187 crore.
Analysts said the sequential drop in key profitability metrics may have triggered short-term selling pressure, despite the YoY improvement in bottom-line performance.
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