JM Financial’s total revenue from operations in the quarter under review stood at Rs 1,111 crore, up 3% from Rs 1,077 crore in the corresponding quarter of the last financial year.
On a sequential basis, the company’s PAT surged 116% against Rs 210 crore in the January-March quarter of FY25. Meanwhile, the topline was 11% higher on a quarter-on-quarter basis versus Rs 1,004 crore in Q4FY25.
JM Financial income came from interest income, fee & commission income, brokerage income, among other things.
While the company’s interest income declined year-on-year to Rs 489 crore in Q1FY26 from Rs 555 crore in Q1FY25, income from brokerage was marginally higher at Rs 154 crore compared to Rs 153 crore in the year-ago period.
The stellar jump in the company’s net profit was on account of a significant drop in its quarterly expenses. JM Financial incurred expenses of Rs 529 crore in Q1, a 38% drop on a YoY basis against Rs 849 crore in Q1FY25.On a quarter-on-quarter basis, expenses declined 26% from Rs 716 crore. These expenses include finance costs, employee benefits, and fees & commission expenses.JM Financial Share Price HistoryJM Financial shares have had a strong run on the Street for the past year, jumping by over 70%. On the year-to-date basis, the gains stand at 28%.
The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 156.7 and Rs 125.9, respectively. However, the rally has come amid very high volatility. According to Trendlyne data, 1-year beta stands at 1.5.
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