Jm Financial Limited

BSE: 523405 NSE: JMFINANCIL
Jm Financial Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L67120MH1986PLC038784 Incorporated 30 January 1986 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: JMFINANCIL · BSE: 523405 Public Limited Company financial services
Data last updated
Revenue · FY 2026
₹4,091.1 Cr
▼ 6.55% YoY
EBITDA · FY 2026
₹2,679.28 Cr
▲ 13.26% YoY
Net profit · FY 2026
₹1,201.04 Cr
▲ 55.26% YoY
Authorised capital
₹195.82 Cr
Registered with MCA
Paid-up capital
₹95.63 Cr
Issued & subscribed
Open charges
₹9.13 Cr
Secured borrowings
Company age
40 yrs
Est. 1986
Employees · EPFO
246
Latest available

About Jm Financial Limited

Data last updated: 22 December 2025

Jm Financial Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in financial holding companies, a part of the broader financial services sector. Incorporated on 30 January 1986, the company has been in operation for over 40 years.

Registered with ROC Mumbai under CIN L67120MH1986PLC038784. Listed on BSE: 523405 and NSE: JMFINANCIL.

Capital: an authorised share capital of ₹195.82 Cr and a paid-up capital of ₹95.63 Cr. Formerly known as J.M Share & Stock Brokers Limited. It is led by directors including Navroz Darius Udwadia and Adi Rusi Patel.

Last AGM: 12 August 2025. Financial statements filed for year ended 31 March 2025. Office: 7Th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.

As per the financials filed for FY 2024, the company reported a revenue of ₹4,832.16 Cr, a growth of 45% compared to the previous year.

The company has a workforce of approximately 246 employees as per the latest available data. Its group structure includes 12 subsidiaries.

The company is associated with 2 brands - Bondskart, Jm Financial. As per MCA filings, the company has open charges of ₹9.13 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jmfl.com.

Company Details of Jm Financial Limited
CIN L67120MH1986PLC038784
Registration Number 038784
Incorporation Date 30 January 1986
ROC Mumbai
Listing Status Listed (BSE: 523405, NSE: JMFINANCIL)
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Adi Rusi Patel Managing Director Vishal Nimesh Kampani Managing Director Nishit Ashwin Shah Cfo
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    jmfl.com
  • Social Media
  • Registered Address
    7Th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
  • Industry
    Financial Services, Financial Holding Companies, Investment Banking & Advisory
Company report
Jm Financial Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Jm Financial Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Jm Financial Limited

Jm Financial Limited operates two associated brands: Bondskart and JM Financial. These brands represent Jm Financial Limited's diversified market presence and brand portfolio.

Brand Description Website
Bondskart
An online platform is operated for bond investments. bondskart.com
JM Financial
Investment banking services are offered across multiple sectors. jmfl.com

Competitors & Alternatives of Jm Financial Limited

Brands and companies operating in the same space as Jm Financial Limited include Stable Money, InCred Money, Jiraaf and 6 more.

Competitor Description Location Founded
Stable Money Stable Money Online platform for fixed deposit investments Bengaluru, India, India 2022
InCred Money InCred Money Provider of a platform for investing in unlisted shares, fixed deposits, and bonds Mumbai, India, India 2015
Jiraaf Jiraaf Online platform for alternative investment Bengaluru, India, India 2021
Wint Wealth Wint Wealth An online platform for bond investments is offered. Bengaluru, India, India 2020
IndiaBonds IndiaBonds Online platform enabling users to invest in bonds and debentures Mumbai, India, India 2021
GoldenPi GoldenPi Fixed-income assets like bonds and debentures are traded online. Bengaluru, India, India 2017
Dexif Dexif Fixed income products and credit solutions are provided for India. Noida, India, India 2022
Harmoney Harmoney Digitized platform for trading fixed income securities is provided. Mumbai, India, India 2021
TheFixedIncome TheFixedIncome Operates an online platform for investing in securities and bonds. Ahmedabad, India, India 2019

Business Activity of Jm Financial Limited

Jm Financial Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities, fund management services, activities by trusts, funds and other financial holding companies. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
K Financial and insurance Service K8 Other financial activities *********
K Financial and insurance Service K6 Fund Management Services *********
K Financial and insurance Service K2 Activities by Trusts, funds and other financial holding companies *********

Auditor Details of Jm Financial Limited

Jm Financial Limited is audited by KKC & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
KKC & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Jm Financial Limited

Jm Financial Limited is currently managed by 12 directors, with 25 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Navroz Darius Udwadia
Also directs: Dtwelve Spaces Private Limited, Sunshine Teahouse Private Limited, I-Ven Realty Limited and 3 more
Director 09 Dec 2021 4 Years 7 Months Current
Adi Rusi Patel
Also directs: Jm Financial Asset Reconstruction Company Limited, Jm Financial Credit Solutions Limited, Infinite India Investment Management Limited
Managing Director 01 Oct 2021 4 Years 9 Months Current
Pradip Manilal Kanakia
Also directs: Healthcare Global Enterprises Limited, Britannia Industries Ltd, Sona Blw Precision Forgings Limited and 4 more
Director 07 Feb 2022 4 Years 5 Months Current
Sumit Bose
Also directs: J B Chemicals And Pharmaceuticals Limited, Hdfc Life Insurance Company Limited, Madhya Pradesh Jal Nigam Maryadit and 5 more
Director 24 May 2022 4 Years 1 Months Current
Nishit Ashwin Shah
Also directs: Jm Financial Properties And Holdings Limited, Jm Financial Home Loans Limited, Jm Financial Products Limited and 1 more
Cfo 01 Oct 2023 2 Years 9 Months Current
Vishal Nimesh Kampani
Also directs: Capital Market Publishers India Private Limited, J M Financial And Investment Consultancy Services Private Limited, Ksb Limited and 5 more
Managing Director 03 Feb 2016 10 Years 5 Months Current
Showing 6 of 12 current directors. View all directors

Financials of Jm Financial Limited FY 2026 filings available

Jm Financial Limited reported revenue of ₹4,091.1 Cr (down 6.55% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹4,091.1 Cr ▼ 6.55%
Profit · FY 2026
₹1,201.04 Cr ▲ 55.26%
EBITDA · FY 2026
₹2,679.28 Cr ▲ 13.26%
Revenue₹ Cr · Consolidated02,0004,0006,000FY 2020: ₹3,432 Cr3,432FY 2020FY 2022: ₹3,707 Cr · +8% YoY3,707+8%FY 2022FY 2023: ₹3,265 Cr · -11.9% YoY3,265-11.9%FY 2023FY 2024: ₹4,761 Cr · +45.8% YoY4,761+45.8%FY 2024FY 2025: ₹4,378 Cr · -8% YoY4,378-8%FY 2025FY 2026: ₹4,091 Cr · -6.5% YoY4,091-6.5%FY 2026
Net Profit₹ Cr · Consolidated05001,0001,500FY 2020: ₹778 Cr778FY 2020FY 2022: ₹992 Cr · +27.6% YoY992+27.6%FY 2022FY 2023: ₹709 Cr · -28.6% YoY709-28.6%FY 2023FY 2024: ₹31 Cr · -95.7% YoY30.8-95.7%FY 2024FY 2025: ₹774 Cr · +2415.7% YoY774+2415.7%FY 2025FY 2026: ₹1,201 Cr · +55.3% YoY1,201+55.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹1,077 Cr · +27.4% YoY1,077+27.4%Q1'25Q2'25: ₹1,191 Cr · +11.8% YoY1,191+11.8%Q2'25Q3'25: ₹1,106 Cr · -10.5% YoY1,106-10.5%Q3'25Q4'25: ₹1,004 Cr · -20.4% YoY1,004-20.4%Q4'25Q1'26: ₹1,111 Cr · +3.2% YoY1,111+3.2%Q1'26Q2'26: ₹1,031 Cr · -13.4% YoY1,031-13.4%Q2'26Q3'26: ₹999 Cr · -9.7% YoY999-9.7%Q3'26Q4'26: ₹949 Cr · -5.5% YoY949-5.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2020
Revenue from Operations ₹4,091.1 Cr ₹4,377.62 Cr ₹4,760.72 Cr ₹3,265.08 Cr ₹3,707.16 Cr ₹3,432.03 Cr
Interest Earned ₹1,652.16 Cr ₹1,928.29 Cr ₹2,555.59 Cr ₹1,935.3 Cr ₹1,850.71 Cr ₹2,281.27 Cr
Other Income ₹169.49 Cr ₹75.21 Cr ₹71.44 Cr ₹77.99 Cr ₹56.12 Cr ₹21.52 Cr
Total Income ₹4,260.59 Cr ₹4,452.83 Cr ₹4,832.16 Cr ₹3,343.07 Cr ₹3,763.28 Cr ₹3,453.55 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹1,053.93 Cr ₹963.3 Cr ₹795.44 Cr ₹622.34 Cr ₹547.81 Cr ₹395.41 Cr
Finance Costs ₹999.19 Cr ₹1,304.93 Cr ₹1,561.52 Cr ₹1,178.51 Cr ₹1,081.73 Cr ₹1,385.86 Cr
Depreciation & Amortisation ₹78.37 Cr ₹63.79 Cr ₹53.03 Cr ₹41.87 Cr ₹37.78 Cr ₹41.04 Cr
Other Expenses ₹364.94 Cr ₹356.14 Cr ₹350.47 Cr ₹452.18 Cr ₹399.56 Cr ₹304 Cr
Total Expenses ₹2,658.87 Cr ₹3,455.98 Cr ₹3,631.93 Cr ₹2,390.46 Cr ₹2,415.24 Cr ₹2,360.03 Cr
Profit Before Exceptional Items & Tax ₹1,601.72 Cr ₹996.85 Cr ₹1,200.23 Cr ₹952.61 Cr ₹1,348.04 Cr ₹1,093.52 Cr
Exceptional Items -₹21.29 Cr ₹0 -₹846.86 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹1,580.43 Cr ₹996.85 Cr ₹353.37 Cr ₹952.61 Cr ₹1,348.04 Cr ₹1,093.52 Cr
Total Tax Expense ₹403.55 Cr ₹224.85 Cr ₹325.85 Cr ₹243.85 Cr ₹355.67 Cr ₹315.98 Cr
Net Profit ₹1,201.04 Cr ₹773.59 Cr ₹30.75 Cr ₹708.99 Cr ₹992.39 Cr ₹777.95 Cr
  attributable to Owners ₹1,201.97 Cr ₹821.31 Cr ₹409.84 Cr ₹597.29 Cr ₹773.16 Cr ₹544.98 Cr
  attributable to NCI -₹93 Lakh -₹47.72 Cr -₹379.09 Cr ₹111.7 Cr ₹219.23 Cr ₹232.97 Cr
Other Comprehensive Income ₹26.73 Cr ₹2.72 Cr ₹43 Lakh ₹10.58 Cr ₹4.27 Cr ₹8.68 Cr
Total Comprehensive Income ₹1,227.77 Cr ₹776.31 Cr ₹31.18 Cr ₹719.57 Cr ₹996.66 Cr ₹786.63 Cr
EBITDA (computed) ₹2,679.28 Cr ₹2,365.57 Cr ₹2,814.78 Cr ₹2,172.99 Cr ₹2,467.55 Cr ₹2,520.42 Cr
Basic EPS ₹12.57 ₹8.59 ₹4.29 ₹6.26 ₹8.11 ₹6.48
Diluted EPS ₹12.55 ₹8.58 ₹4.29 ₹6.25 ₹8.09 ₹6.45
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹26,537 Cr ₹24,504 Cr ₹29,764 Cr ₹29,370 Cr
Property, Plant & Equipment ₹539.71 Cr ₹503.39 Cr ₹494.55 Cr ₹439.92 Cr
Inventories ₹127.5 Cr ₹129.9 Cr ₹142.87 Cr ₹102.1 Cr
Cash & Equivalents ₹472.19 Cr ₹540 Cr ₹2,231.58 Cr ₹524.02 Cr
Equity (Net Worth) ₹11,358 Cr ₹10,230 Cr ₹11,056 Cr ₹11,270 Cr
Equity Share Capital ₹95.64 Cr ₹95.58 Cr ₹95.56 Cr ₹95.48 Cr
Total Liabilities ₹15,179 Cr ₹14,274 Cr - -
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹580.73 Cr ₹5,568.68 Cr ₹3,635.05 Cr -₹2,448.73 Cr -₹3,203.03 Cr
Investing Cash Flow -₹532.4 Cr -₹2,474.51 Cr -₹2,089.94 Cr -₹450.84 Cr ₹2,615.8 Cr
Financing Cash Flow -₹116.14 Cr -₹4,785.75 Cr ₹162.45 Cr ₹2,160.65 Cr ₹1,023.79 Cr
Capital Expenditure ₹64.23 Cr ₹33.97 Cr ₹53.73 Cr ₹124.53 Cr ₹17.03 Cr
Free Cash Flow (computed) ₹516.5 Cr ₹5,534.71 Cr ₹3,581.32 Cr -₹2,573.26 Cr -₹3,220.06 Cr
Dividends Paid ₹401.67 Cr ₹196.08 Cr ₹86.94 Cr ₹196.38 Cr ₹95.97 Cr
Net Change in Cash -₹67.81 Cr -₹1,691.58 Cr ₹1,707.56 Cr -₹738.92 Cr ₹436.56 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹949.12 Cr ₹999.36 Cr ₹1,031.28 Cr ₹1,111.34 Cr ₹1,003.92 Cr ₹1,106.14 Cr ₹1,190.51 Cr ₹1,077.05 Cr ₹1,260.7 Cr ₹1,235.99 Cr ₹1,064.95 Cr ₹845.6 Cr
Interest Earned ₹393.24 Cr ₹380.31 Cr ₹389.25 Cr ₹489.36 Cr ₹389.13 Cr ₹452.85 Cr ₹532.58 Cr ₹553.73 Cr ₹666.53 Cr ₹674.76 Cr ₹517.88 Cr ₹530.36 Cr
Other Income ₹20.09 Cr ₹126.51 Cr ₹13 Cr ₹9.89 Cr ₹23.29 Cr ₹14.4 Cr ₹20.7 Cr ₹16.82 Cr ₹15.42 Cr ₹24.97 Cr ₹16.17 Cr ₹25.56 Cr
Total Income ₹969.21 Cr ₹1,125.87 Cr ₹1,044.28 Cr ₹1,121.23 Cr ₹1,027.21 Cr ₹1,120.54 Cr ₹1,211.21 Cr ₹1,093.87 Cr ₹1,276.12 Cr ₹1,260.96 Cr ₹1,081.12 Cr ₹871.16 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹199.52 Cr ₹285.08 Cr ₹270.6 Cr ₹298.73 Cr ₹219.62 Cr ₹220.56 Cr ₹291.82 Cr ₹231.3 Cr ₹120.03 Cr ₹246 Cr ₹193.42 Cr ₹174.37 Cr
Finance Costs ₹246.26 Cr ₹247.83 Cr ₹254.22 Cr ₹250.88 Cr ₹273.59 Cr ₹318 Cr ₹343.12 Cr ₹370.22 Cr ₹407.25 Cr ₹400.29 Cr ₹365.88 Cr ₹346.53 Cr
Depreciation & Amortisation ₹22.13 Cr ₹20.37 Cr ₹19.2 Cr ₹16.67 Cr ₹16.33 Cr ₹16.37 Cr ₹14.85 Cr ₹16.24 Cr ₹14.16 Cr ₹13.68 Cr ₹12.03 Cr ₹11.78 Cr
Other Expenses ₹120.96 Cr ₹86.36 Cr ₹81.64 Cr ₹75.98 Cr ₹111.26 Cr ₹82.32 Cr ₹91.35 Cr ₹71.21 Cr ₹113.13 Cr ₹135.25 Cr ₹133.27 Cr ₹135.84 Cr
Total Expenses ₹726.11 Cr ₹704.2 Cr ₹699.89 Cr ₹528.67 Cr ₹715.79 Cr ₹833.96 Cr ₹1,057.61 Cr ₹848.62 Cr ₹1,001.38 Cr ₹843.84 Cr ₹850.68 Cr ₹817.18 Cr
Profit Before Exceptional Items & Tax ₹243.1 Cr ₹421.67 Cr ₹344.39 Cr ₹592.56 Cr ₹311.42 Cr ₹286.58 Cr ₹153.6 Cr ₹245.25 Cr ₹274.74 Cr ₹417.12 Cr ₹230.44 Cr ₹53.98 Cr
Exceptional Items ₹0 -₹21.29 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹846.86 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹243.1 Cr ₹400.38 Cr ₹344.39 Cr ₹592.56 Cr ₹311.42 Cr ₹286.58 Cr ₹153.6 Cr ₹245.25 Cr -₹572.12 Cr ₹417.12 Cr ₹230.44 Cr ₹53.98 Cr
Total Tax Expense ₹83.74 Cr ₹95.37 Cr ₹89.46 Cr ₹134.98 Cr ₹76.41 Cr ₹79.16 Cr ₹9.81 Cr ₹59.47 Cr ₹102.76 Cr ₹95.56 Cr ₹55.14 Cr ₹21.43 Cr
Net Profit ₹161.92 Cr ₹318.46 Cr ₹261.89 Cr ₹458.77 Cr ₹235.02 Cr ₹207.39 Cr ₹144.2 Cr ₹186.98 Cr -₹674.1 Cr ₹322.35 Cr ₹176.56 Cr ₹32.36 Cr
  attributable to Owners ₹165.36 Cr ₹312.8 Cr ₹270 Cr ₹453.81 Cr ₹209.53 Cr ₹208.92 Cr ₹232.16 Cr ₹170.7 Cr -₹228.68 Cr ₹277.68 Cr ₹165.9 Cr ₹57.11 Cr
  attributable to NCI -₹3.44 Cr ₹5.66 Cr -₹8.11 Cr ₹4.96 Cr ₹25.49 Cr -₹1.53 Cr -₹87.96 Cr ₹16.28 Cr -₹445.42 Cr ₹44.67 Cr ₹10.66 Cr -₹24.75 Cr
Other Comprehensive Income ₹17.43 Cr ₹2.76 Cr ₹6.73 Cr -₹19 Lakh ₹21 Lakh ₹3.68 Cr -₹66 Lakh -₹51 Lakh -₹41 Lakh -₹18 Lakh -₹70 Lakh -₹77 Lakh
Total Comprehensive Income ₹179.35 Cr ₹321.22 Cr ₹268.62 Cr ₹458.58 Cr ₹235.23 Cr ₹211.07 Cr ₹143.54 Cr ₹186.47 Cr -₹674.51 Cr ₹322.17 Cr ₹175.86 Cr ₹31.59 Cr
EBITDA (computed) ₹511.49 Cr ₹689.87 Cr ₹617.81 Cr ₹860.11 Cr ₹601.34 Cr ₹620.95 Cr ₹511.57 Cr ₹631.71 Cr ₹696.15 Cr ₹831.09 Cr ₹608.35 Cr ₹412.29 Cr
Basic EPS ₹1.73 ₹3.27 ₹2.82 ₹4.75 ₹2.19 ₹2.19 ₹2.43 ₹1.79 ₹-2.39 ₹2.91 ₹1.74 ₹0.60
Diluted EPS ₹1.73 ₹3.27 ₹2.82 ₹4.74 ₹2.19 ₹2.18 ₹2.43 ₹1.79 ₹-2.39 ₹2.91 ₹1.74 ₹0.60
Latest 12 quarters shown of 22 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Corproate Advisory and Capital Markets ₹170.32 Cr ₹52.05 Cr ₹1,366.85 Cr ₹537.3 Cr
Wealth and Asset Management ₹398.31 Cr ₹44.89 Cr ₹6,740.9 Cr ₹5,474.3 Cr
Private Markets ₹293.93 Cr ₹117.52 Cr ₹13,448 Cr ₹6,462.08 Cr
Affordable Home Loans ₹127.57 Cr ₹34.34 Cr ₹2,934.38 Cr ₹2,101.54 Cr
Treasury and others ₹42.39 Cr -₹5.7 Cr ₹1,994.47 Cr ₹603.92 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Corproate Advisory and Capital Markets ₹946.01 Cr ₹449.21 Cr - -
Wealth and Asset Management ₹1,458.63 Cr ₹101.97 Cr - -
Private Markets ₹1,298.19 Cr ₹739.92 Cr - -
Affordable Home Loans ₹455.21 Cr ₹98.39 Cr - -
Treasury and others ₹376.09 Cr ₹190.94 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹835.57 Cr ₹837.2 Cr ₹717.93 Cr ₹336.04 Cr ₹560.55 Cr ₹346.28 Cr ₹256.55 Cr
Interest Earned ₹29.35 Cr ₹47.29 Cr ₹89.57 Cr ₹66.57 Cr ₹64.46 Cr ₹51.91 Cr ₹15.95 Cr
Other Income ₹366.6 Cr ₹200.07 Cr ₹102.48 Cr ₹152.52 Cr ₹59.08 Cr ₹28.13 Cr ₹46.52 Cr
Total Income ₹1,202.17 Cr ₹1,037.27 Cr ₹820.41 Cr ₹488.56 Cr ₹619.63 Cr ₹374.41 Cr ₹303.07 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹223.47 Cr ₹257.17 Cr ₹183.85 Cr ₹102.9 Cr ₹116.16 Cr ₹84.31 Cr ₹66.83 Cr
Finance Costs ₹4.65 Cr ₹7.01 Cr ₹5.5 Cr ₹6.13 Cr ₹6.76 Cr ₹7.24 Cr ₹7.81 Cr
Depreciation & Amortisation ₹12.31 Cr ₹16.6 Cr ₹10.89 Cr ₹10.03 Cr ₹10.69 Cr ₹11.92 Cr ₹12.18 Cr
Other Expenses ₹39.09 Cr ₹50.82 Cr ₹49.27 Cr ₹24.2 Cr ₹22.9 Cr ₹18.59 Cr ₹26.85 Cr
Total Expenses ₹388.35 Cr ₹488.17 Cr ₹410.21 Cr ₹175.27 Cr ₹203.73 Cr ₹157.58 Cr ₹146.62 Cr
Profit Before Exceptional Items & Tax ₹813.82 Cr ₹549.1 Cr ₹410.2 Cr ₹313.29 Cr ₹415.9 Cr ₹216.83 Cr ₹156.45 Cr
Exceptional Items -₹2.69 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹811.13 Cr ₹549.1 Cr ₹410.2 Cr ₹313.29 Cr ₹415.9 Cr ₹216.83 Cr ₹156.45 Cr
Total Tax Expense ₹117.99 Cr ₹10.36 Cr ₹100.6 Cr ₹40.22 Cr ₹88.12 Cr ₹41.6 Cr ₹29.14 Cr
Net Profit ₹693.14 Cr ₹538.74 Cr ₹309.6 Cr ₹273.07 Cr ₹327.78 Cr ₹175.23 Cr ₹127.31 Cr
Other Comprehensive Income ₹61 Lakh -₹1.28 Cr -₹1.21 Cr -₹13 Lakh ₹8 Lakh ₹16 Lakh -₹29 Lakh
Total Comprehensive Income ₹693.75 Cr ₹537.46 Cr ₹308.39 Cr ₹272.94 Cr ₹327.86 Cr ₹175.39 Cr ₹127.02 Cr
EBITDA (computed) ₹830.78 Cr ₹572.71 Cr ₹426.59 Cr ₹329.45 Cr ₹433.35 Cr ₹235.99 Cr ₹176.44 Cr
Basic EPS ₹7.25 ₹5.64 ₹3.24 ₹2.86 ₹3.44 ₹1.88 ₹1.51
Diluted EPS ₹7.24 ₹5.63 ₹3.24 ₹2.86 ₹3.43 ₹1.88 ₹1.51
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹5,090.75 Cr ₹4,877.81 Cr ₹4,452.33 Cr ₹4,082.96 Cr
Property, Plant & Equipment ₹34.31 Cr ₹46.48 Cr ₹45.5 Cr ₹53.1 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Cash & Equivalents ₹16.52 Cr ₹75.59 Cr ₹41.07 Cr ₹7.55 Cr
Equity (Net Worth) ₹4,759.05 Cr ₹4,461.45 Cr ₹4,109.53 Cr ₹3,816.74 Cr
Equity Share Capital ₹95.64 Cr ₹95.58 Cr ₹95.56 Cr ₹95.48 Cr
Total Liabilities ₹331.7 Cr ₹416.36 Cr - -
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹61.49 Cr ₹161.5 Cr ₹518.48 Cr -₹264.72 Cr ₹202.99 Cr
Investing Cash Flow ₹295.86 Cr ₹83.57 Cr -₹433.34 Cr ₹400.49 Cr -₹25.01 Cr
Financing Cash Flow -₹416.42 Cr -₹210.55 Cr -₹98.92 Cr -₹208.32 Cr -₹108.05 Cr
Capital Expenditure ₹88 Lakh ₹4.58 Cr ₹1.37 Cr ₹60 Lakh ₹2.08 Cr
Free Cash Flow (computed) ₹60.61 Cr ₹156.92 Cr ₹517.11 Cr -₹265.32 Cr ₹200.91 Cr
Dividends Paid ₹401.53 Cr ₹191.12 Cr ₹85.93 Cr ₹195.68 Cr ₹95.34 Cr
Net Change in Cash -₹59.07 Cr ₹34.52 Cr -₹13.78 Cr -₹72.55 Cr ₹69.93 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹119.37 Cr ₹194.71 Cr ₹275.23 Cr ₹246.26 Cr ₹251.89 Cr ₹209.21 Cr ₹237.47 Cr ₹138.63 Cr ₹191.01 Cr ₹217.52 Cr ₹142.23 Cr ₹66.25 Cr
Interest Earned ₹7.89 Cr ₹6.46 Cr ₹6.51 Cr ₹8.49 Cr ₹17.85 Cr ₹10.47 Cr ₹9.11 Cr ₹9.86 Cr ₹20.72 Cr ₹23.84 Cr ₹17.26 Cr ₹9.68 Cr
Other Income ₹2.61 Cr ₹242.05 Cr ₹119.93 Cr ₹2.01 Cr ₹4.61 Cr ₹1.61 Cr ₹192.27 Cr ₹1.58 Cr ₹1.64 Cr ₹5.55 Cr ₹2.81 Cr ₹1.68 Cr
Total Income ₹121.98 Cr ₹436.76 Cr ₹395.16 Cr ₹248.27 Cr ₹256.5 Cr ₹210.82 Cr ₹429.74 Cr ₹140.21 Cr ₹192.65 Cr ₹223.07 Cr ₹145.04 Cr ₹67.93 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹39.45 Cr ₹63.36 Cr ₹60.24 Cr ₹60.42 Cr ₹68.75 Cr ₹65.28 Cr ₹67.99 Cr ₹55.15 Cr -₹1.06 Cr ₹75.29 Cr ₹45.82 Cr ₹21.75 Cr
Finance Costs ₹1.09 Cr ₹1.12 Cr ₹1.18 Cr ₹1.26 Cr ₹1.72 Cr ₹1.81 Cr ₹1.88 Cr ₹1.6 Cr ₹1.33 Cr ₹1.34 Cr ₹1.5 Cr ₹1.44 Cr
Depreciation & Amortisation ₹3.07 Cr ₹3.05 Cr ₹3.05 Cr ₹3.14 Cr ₹4.4 Cr ₹4.33 Cr ₹4.28 Cr ₹3.59 Cr ₹2.63 Cr ₹2.74 Cr ₹2.73 Cr ₹2.54 Cr
Other Expenses ₹14.85 Cr ₹8.58 Cr ₹7.9 Cr ₹7.76 Cr ₹16.74 Cr ₹15.25 Cr ₹9.87 Cr ₹8.96 Cr ₹14.74 Cr ₹9.84 Cr ₹12.5 Cr ₹11.17 Cr
Total Expenses ₹86.78 Cr ₹101.84 Cr ₹113.64 Cr ₹86.09 Cr ₹104.42 Cr ₹124.03 Cr ₹164.72 Cr ₹95 Cr ₹125.26 Cr ₹104.94 Cr ₹82.15 Cr ₹40.58 Cr
Profit Before Exceptional Items & Tax ₹35.2 Cr ₹334.92 Cr ₹281.52 Cr ₹162.18 Cr ₹152.08 Cr ₹86.79 Cr ₹265.02 Cr ₹45.21 Cr ₹67.39 Cr ₹118.13 Cr ₹62.89 Cr ₹27.35 Cr
Exceptional Items ₹0 -₹2.69 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹35.2 Cr ₹332.23 Cr ₹281.52 Cr ₹162.18 Cr ₹152.08 Cr ₹86.79 Cr ₹265.02 Cr ₹45.21 Cr ₹67.39 Cr ₹118.13 Cr ₹62.89 Cr ₹27.35 Cr
Total Tax Expense ₹9.53 Cr ₹44.1 Cr ₹35.63 Cr ₹28.73 Cr ₹17.53 Cr ₹16.32 Cr -₹34.19 Cr ₹10.7 Cr ₹39.92 Cr ₹28.31 Cr ₹13.05 Cr ₹7.27 Cr
Net Profit ₹25.67 Cr ₹288.13 Cr ₹245.89 Cr ₹133.45 Cr ₹134.55 Cr ₹70.47 Cr ₹299.21 Cr ₹34.51 Cr ₹27.47 Cr ₹89.82 Cr ₹49.84 Cr ₹20.08 Cr
Other Comprehensive Income ₹69 Lakh -₹3 Lakh ₹27 Lakh -₹32 Lakh ₹8 Lakh -₹46 Lakh -₹60 Lakh -₹30 Lakh -₹40 Lakh -₹27 Lakh -₹4 Lakh ₹15 Lakh
Total Comprehensive Income ₹26.36 Cr ₹288.1 Cr ₹246.16 Cr ₹133.13 Cr ₹134.63 Cr ₹70.01 Cr ₹298.61 Cr ₹34.21 Cr ₹27.07 Cr ₹89.55 Cr ₹49.8 Cr ₹20.23 Cr
EBITDA (computed) ₹39.36 Cr ₹339.09 Cr ₹285.75 Cr ₹166.58 Cr ₹158.2 Cr ₹92.93 Cr ₹271.18 Cr ₹50.4 Cr ₹71.35 Cr ₹122.21 Cr ₹67.12 Cr ₹31.33 Cr
Basic EPS ₹0.27 ₹3.01 ₹2.57 ₹1.40 ₹1.41 ₹0.74 ₹3.13 ₹0.36 ₹0.29 ₹0.94 ₹0.52 ₹0.21
Diluted EPS ₹0.27 ₹3.01 ₹2.57 ₹1.39 ₹1.41 ₹0.74 ₹3.13 ₹0.36 ₹0.29 ₹0.94 ₹0.52 ₹0.21
Latest 12 quarters shown of 23 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Jm Financial Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Jm Financial Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 57.07%, foreign institutional investors hold 17.15%, domestic institutional investors hold 5.89%, retail and other public shareholders hold 19.90% of Jm Financial Limited. The company had 172,802 shareholders on record.

Promoters: 57.07%DII (Domestic Institutional): 5.89%FII (Foreign Institutional): 17.15%Retail & Others: 19.90%
Mar 2026
QUARTER
57.07% Promoters
5.89% DII (Domestic Institutional)
17.15% FII (Foreign Institutional)
19.90% Retail & Others
Promoter holding - history
Now 57.07% · Mar 2026High 65.69% · Dec 2015Low 54.75% · Jun 2021
53%56.5%60%63.5%67%Dec 2015Mar 2018Sep 2020Mar 2023Sep 2025Dec 2015: 65.69%Mar 2016: 65.67%Jun 2016: 65.62%Sep 2016: 65.44%Dec 2016: 65.33%Mar 2017: 65.32%Jun 2017: 65.15%Sep 2017: 65.10%Dec 2017: 65.09%Feb 2018: 61.96%Mar 2018: 62.12%Jun 2018: 62.00%Sep 2018: 61.99%Dec 2018: 62.06%Mar 2019: 62.07%Jun 2019: 62.01%Sep 2019: 62.06%Dec 2019: 62.06%Mar 2020: 62.05%Jun 2020: 54.88%Sep 2020: 54.82%Dec 2020: 54.81%Mar 2021: 54.79%Jun 2021: 54.75%Sep 2021: 54.81%Dec 2021: 55.27%Mar 2022: 55.42%Jun 2022: 55.41%Sep 2022: 56.01%Dec 2022: 56.01%Mar 2023: 56.49%Jun 2023: 56.47%Sep 2023: 56.47%Dec 2023: 56.44%Mar 2024: 56.44%Jun 2024: 56.43%Sep 2024: 56.43%Dec 2024: 56.43%Mar 2025: 56.50%Jun 2025: 56.51%Sep 2025: 56.60%Dec 2025: 56.90%Mar 2026: 57.07%65.69%54.75%57.07%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters57.07%56.90%56.60%56.51%56.50%56.43%
Public42.93%43.10%43.40%43.49%43.50%43.57%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters57.07%56.50%56.44%56.49%55.42%54.79%62.05%62.07%62.12%65.32%65.67%
Public42.93%43.50%43.56%43.51%44.58%45.21%37.95%37.93%37.88%34.68%34.33%
Promoter change (YoY, %pts)+0.57+0.06-0.05+1.07+0.63-7.26-0.02-0.05-3.20-0.35-

Board & Governance of Jm Financial Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Jm Financial Limited has 9 directors - 5 independent and 2 executive. The board is chaired by Nimesh N Kampani.

DirectorPositionOn board sinceListed boards
Nimesh N Kampani Non-Executive - Non Independent Director · Chairperson 1987-06-12 1
Vishal N Kampani Executive Director · MD 2016-02-03 2
Palamadai Sundararajan Jayakumar Non-Executive - Independent Director 2020-07-30 7
Navroz Darius Udwadia Non-Executive - Independent Director 2021-12-09 1
Roshini Hemant Bakshi Non-Executive - Independent Director 2021-12-09 2
Pradip Manilal Kanakia Non-Executive - Independent Director 2022-02-07 6
Sumit Bose Non-Executive - Independent Director 2022-05-24 3
Hariharan Ramamurthi Aiyar Non-Executive - Non Independent Director 2025-05-12 1
Adi Rusi Patel Executive Director · MD 2021-10-01 1
Board Committees
CommitteeMembers
Audit Committee Pradip Manilal Kanakia (Chairperson), Palamadai Sundararajan Jayakumar, Roshini Hemant Bakshi, Sumit Bose
Nomination and remuneration committee Palamadai Sundararajan Jayakumar (Chairperson), Nimesh N Kampani, Roshini Hemant Bakshi
Stakeholders Relationship Committee Roshini Hemant Bakshi (Chairperson), Nimesh N Kampani, Adi Rusi Patel
Risk Management Committee Palamadai Sundararajan Jayakumar (Chairperson), Vishal N Kampani, Adi Rusi Patel, Navroz Darius Udwadia
Corporate Social Responsibility Committee Nimesh N Kampani (Chairperson), Pradip Manilal Kanakia, Sumit Bose, Roshini Hemant Bakshi

Group Structure of Jm Financial Limited

Jm Financial Limited has 12 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Jm Financial Limited's business expansion strategy and organizational complexity.

12
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Jm Financial Commtrade Limited U51100MH2005PLC153110 -
Jm Financial Capital Limited U65190MH2015PLC270754 -
Jm Financial Properties And Holdings Limited U65990MH2010PLC201513 -
Jm Financial Asset Management Limited U65991MH1994PLC078879 -
Jm Financial Home Loans Limited U65999MH2016PLC288534 -
Jm Financial Institutional Securities Limited U67100MH2017PLC296081 -

Showing major subsidiaries. Total: 12.

Charges & Borrowings of Jm Financial Limited

Open charges
₹9.13 Cr
Satisfied charges
₹0
Breakdown by lending institutions
Icici Ltd₹4.50 Cr
The Industrial Credit & Investment Corpn of India Ltd₹4.03 Cr
Indian Bank₹0.60 Cr
Latest charge details
DateLenderAmountStatus
12 Oct 1994 The Industrial Credit & Investment Corpn of India Ltd ₹25 Lakh Open
08 Feb 1994 The Industrial Credit & Investment Corpn of India Ltd ₹1.25 Cr Open
28 Sep 1993 The Industrial Credit & Investment Corpn of India Ltd ₹2.5 Cr Open
04 Jul 1991 Icici Ltd ₹4.5 Cr Open
04 Jul 1991 The Industrial Credit & Investment Corpn of India Ltd ₹3 Lakh Open

Total charge records: 6 View all charges

Employees and EPFO Compliance at Jm Financial Limited

Jm Financial Limited has a workforce of 246 employees as of Apr 05, 2024.

Employee count
246
Active EPFO establishments
1
Employee growth
61.84%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Jm Financial Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Jm Financial Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Jm Financial Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Jm Financial Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Jm Financial Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Jm Financial Limited

MSME Payment Delays by Jm Financial Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Jm Financial Limited

Subsidiaries & Group Companies of Jm Financial Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Jm Financial Limited

MCA Filings & Documents of Jm Financial Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Jm Financial Limited

Activity
12 Aug 2025
Jm Financial Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Directors
12 May 2025
Hariharan Ramamurthi Aiyar was appointed as a Director on 12 May 2025 & has been associated with this company since 1 year 1 month.
Activity
31 Mar 2025
Jm Financial Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
27 Jul 2024
Hemant Vijay Pandya was appointed as a Company Secretary on 27 Jul 2024 & has been associated with this company since 1 year 11 months.
Directors
01 Oct 2023
Nishit Ashwin Shah was appointed as a CFO on 01 Oct 2023 & has been associated with this company since 2 years 9 months.
Directors
01 Oct 2023
Nishit Ashwin Shah was appointed as a CFO on 01 Oct 2023 & has been associated with this company since 2 years 9 months.

Recent News on Jm Financial Limited

Canara HSBC Life Insurance files papers for IPO
29 Apr 2025 · Thehindubusinessline
Ather Energy IPO opens at ₹304-321 price band today
28 Apr 2025 · Thehindubusinessline

Frequently Asked Questions about Jm Financial Limited

Jm Financial Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 30 January 1986 (40+ years old) and is registered under CIN L67120MH1986PLC038784. Listed on BSE: 523405 and NSE: JMFINANCIL. The company has 246 employees.

Jm Financial Limited reported revenue of ₹4,832.16 Cr for FY 2024 (up 45.00% YoY).

The current directors of Jm Financial Limited are:

The primary industry of Jm Financial Limited is financial services. The company specifically operates in financial holding companies. The company is currently active in this sector.

Yes. Jm Financial Limited is listed on both BSE (code: 523405) and NSE (symbol: JMFINANCIL).

Jm Financial Limited can be reached at the registered office: 7Th Floor Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025, or through the website jmfl.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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