JM Financial Smashes Records with 166% YoY Surge – Q1 Operating Profit Hits ₹454 Crore

Wall Street’s got nothing on this Mumbai-based powerhouse. JM Financial just flexed a 166% year-over-year operating profit explosion—rocketing to ₹454 crore in Q1 2025.

The Bull Run No One Saw Coming

While traditional banks obsess over compliance paperwork, JM Financial’s playing 4D chess. No flukes here—just ruthless execution in a market where ‘conservative’ is a dirty word.

Behind the Numbers

That triple-digit growth isn’t luck—it’s algorithmic precision meeting old-school hustle. Meanwhile, legacy institutions are still trying to figure out how to spell ‘blockchain.’

One cynical footnote: At this rate, even the bears might start buying the dip. Or maybe they’ll wait for a ‘regulated’ crypto ETF instead.

Wealth management growth

The wealth management business demonstrated strong growth, with recurring assets under management increasing by 37 per cent to ₹31,180 crore. The division added 13 new branches and increased its relationship manager headcount by 45 per cent to 947. Mutual fund AUM grew 49 per cent to ₹13,901 crore.

Commenting on the results, Vishal Kampani, Vice Chairman and Managing Director, said the company is “extremely excited by the strong momentum across all our business verticals.” He highlighted that the transaction pipeline remains robust and noted that the Bajaj Life Insurance deal “has created a benchmark valuation of over ₹3,000 crore for the home loans business.”

In a strategic move, Bajaj Allianz Life Insurance has agreed to acquire a 2.1 per cent stake in JM Financial Home Loans for ₹65.5 crore, valuing the business at approximately ₹3,120 crore.

Published on August 11, 2025