JM Financial Allots 28,200 Equity Shares Under Employee Stock Option Scheme Series 16

JM Financial Limited has announced the allotment of 28,200 equity shares to eligible employees under its Employee Stock Option Scheme (ESOP) Series 16. The Allotment Committee of the Board approved this allotment at its meeting held on February 5, 2026. Share Allotment Details The allotted shares carry a face value of ₹1 each and were issued pursuant to the exercise of stock options by eligible employees under the company's established ESOP framework. Parameter: Details ESOP Series: Employee Stock Option Scheme – Series 16 Shares Allotted: 28,200 Face Value per Share: ₹1 Meeting Date: February 5, 2026 Meeting Duration: 2:15 p.m. to 2:30 p.m. Impact on Share Capital Following the allotment of these equity shares, JM Financial Limited's paid-up equity share capital has been revised upward. The company's total paid-up equity share capital now stands at ₹95,63,64,073, representing 95,63,64,073 equity shares of face value ₹1 each. Regulatory Compliance The company has informed both BSE Limited and the National Stock Exchange of India Limited about this allotment through formal communication. The notification was signed by Hemant Pandya, Company Secretary & Compliance Officer, ensuring proper regulatory disclosure and record-keeping requirements are met. This ESOP allotment reflects the company's commitment to employee participation in its growth through equity ownership, providing eligible employees with a stake in the organization's performance and future prospects. JM Financial announced its Q3FY26 quarterly results for the quarter ended December 31, 2025, under Regulation 33 of SEBI Listing Obligations. The Board of Directors approved the unaudited standalone and consolidated financial results at their meeting held on February 5, 2026, demonstrating robust profit growth despite mixed revenue performance. Financial Performance Overview The company delivered exceptional profitability metrics in Q3FY26, with consolidated net profit showing significant year-on-year improvement. The financial services company's performance reflects operational efficiency and strategic focus across its diversified business segments. Financial Metric Q3FY26 Q3FY25 Change (%) Consolidated Net Profit ₹318.46 crore ₹207.39 crore +53.5% Revenue from Operations ₹999.36 crore ₹1,106.14 crore -9.7% Profit Before Tax ₹400.38 crore ₹286.58 crore +39.7% Basic EPS ₹3.27 ₹2.19 +49.3% Profitability Analysis JM Financial's consolidated net profit after tax and share in profit of associates reached ₹318.46 crore for Q3FY26, representing a substantial 53.5% increase from ₹207.39 crore in the corresponding quarter of the previous year. The profit before tax also showed strong growth of 39.7% to ₹400.38 crore, indicating improved operational efficiency and cost management. Revenue Performance and Segment Analysis The company reported revenue from operations of ₹999.36 crore for Q3FY26, compared to ₹1,106.14 crore in Q3FY25, reflecting a 9.7% decline. The revenue composition included interest income of ₹380.31 crore, fees and commission income of ₹306.07 crore, and brokerage income of ₹147.52 crore. Business Segment Q3FY26 Revenue Q3FY25 Revenue Segment Results Q3FY26 Corporate Advisory and Capital Markets ₹238.96 crore ₹173.92 crore ₹114.08 crore Wealth and Asset Management ₹350.51 crore ₹335.59 crore ₹(6.26) crore Private Markets ₹327.16 crore ₹482.86 crore ₹143.94 crore Affordable Home Loans ₹117.65 crore ₹92.63 crore ₹29.44 crore Exceptional Items and Other Developments The company recorded an exceptional item of ₹21.29 crore related to the statutory impact of new Labour Codes, which increased gratuity liability arising from past service. Additionally, JM Financial received a significant income tax refund of ₹223.32 crore during the quarter, including interest of ₹112.80 crore, which contributed to other income. Nine-Month Performance For the nine months ended December 31, 2025, JM Financial reported consolidated net profit of ₹1,039.12 crore compared to ₹538.57 crore in the corresponding period of the previous year, marking a 93.0% increase. Total revenue for the nine-month period stood at ₹3,291.38 crore. Regulatory Compliance and Audit The financial results were reviewed by the Audit Committee and approved by the Board of Directors in accordance with Regulation 33 of SEBI Listing Regulations. The results have been subjected to limited review by statutory auditors KKC & Associates LLP, who issued unmodified reports. The Board meeting commenced at 2:30 p.m. and concluded at 4:30 p.m. on February 5, 2026. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. 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