Net interest income grew 31.9% year-on-year to ₹250.2 crore, while total revenue came in at ₹1,027 crore. The board recommended a final dividend of ₹2.7 per share.
The financial services firm said it has consolidated its distressed credit operations under JM Financial Credit Solutions Ltd, increasing its stake in the unit to 97.02% from 46.68% for ₹1,501 crore.
As part of a strategic shift, JM Financial continued to scale down its wholesale loan book to ₹3,570 crore from ₹7,529 crore a year earlier, refocusing from an on-balance sheet model to a syndication-led business.
Its asset and wealth management arms saw strong traction—mutual fund AUM doubled to ₹13,419 crore, while elite wealth AUM surged 36% year-on-year to ₹2,584 crore.
Retail mortgage lending also expanded, with AUM rising 26% to ₹2,832 crore and branch count growing to 128.
JM Financial said it expects strength in capital markets and M&A pipelines to support growth. The company also received an income tax refund order worth ~₹230 crore for FY25.
Shares of the company ended 5.7% higher on the BSE at a price of ₹105.65 today.
