JM Financial share price today

JM Financial Ltd's share price was ₹113.95 at the close on 4 November 2026. It has been falling for 41 weeks. That is 11.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹106 and ₹159, and at that close it sat 15% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today JM Financial Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 11 years the share price moved +185% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue grew again in the June 2026 quarter, foreign funds (FIIs) cut their stake for 4 quarters in a row and highest quarterly revenue in 9 quarters.

1. Revenue grew again in the June 2026 quarter

   Revenue was ₹1,201 crore, +8.1% on a year earlier (₹1,111 crore), after 3 quarters of decline.

2. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 18.4% to 16.9% of the company by the September 2026 quarter.

3. Highest quarterly revenue in 9 quarters

   Revenue of ₹1,201 crore in the June 2026 quarter is the highest of the last 9 quarters.

For April to June 2026 (the quarter ended 30 June 2026), JM Financial reported total income of ₹1,201 crore, up 8.1% from ₹1,111 crore a year earlier, and a profit of ₹369 crore, down 19.6% from ₹459 crore.

JM Financial results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

JM Financial's management discussed these results on a call held on 4 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.

JM Financial closed at ₹113.95 on 4 November 2026, down 28.3% from ₹158.85 a year earlier (7 November 2025) and up 34.5% over five years. Its highest weekly close since March 2016 was ₹193.02 on 22 August 2025.

JM Financial share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

11 Nov 2026: Coming up: ex-date for an interim dividend of ₹1.65 a share. 4 Nov 2026: JM Financial closed at ₹113.95, up 5.7% on the week and down 7.7% on the month.

Earlier

• 4 Aug 2026: JM Financial held its results call for April to June 2026. Management guided: Wealth returns and profitability expected to improve this and next year as RM productivity rises; revenue planned above industry growth and hiring selective.
• Results for April to June 2026: Total income up 8.1% and profit down 19.6% on a year earlier.
• 12 Jun 2026: ex-date for a dividend of ₹1.75 a share.
• 14 Nov 2025: ex-date for an interim dividend of ₹1.50 a share.

JM Financial paid ₹3.25 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 2.85% at the ₹113.95 close on 4 November 2026. The last was a dividend of ₹1.75 a share, ex-date 12 June 2026. Next: ₹1.65 a share, ex-date 11 November 2026.

JM Financial dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. JM Financial Ltd paid out 26% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 4 August 2026, JM Financial's management guided: Wealth returns and profitability expected to improve this and next year as RM productivity rises; revenue planned above industry growth and hiring selective.

“I am happy to report that, with the cash we have generated and the expected cash flows over the next 6 months, our ARC will be debt-free.”Vishal Kampani, on the call for April to June 2026

What management guided

• AM SIP book and AUM expected back on track over the next couple of quarters through better scheme performance and distributor engagement.
• ARC to generate strong recoveries over the next 9 months, including further pre-COVID resolutions and possible real-estate write-backs.
• ARC to be debt-free by year-end; residual cash planned at 16-18% IRR going forward.
• Private Markets syndication and standard loans to rebuild leverage; loans to grow 15-20% annually toward ₹7,000-8,000 crore within 3 years, D/E 2.0x.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 4 August 2026.

When JM Financial reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: ARC debt-free milestone by year-end - check completion and redeployment of post-resolution cash.

JM Financial is on 2 of our India lists: 52 week high & low and Dividend stocks.

JM Financial Ltd earned ₹369 Cr of net profit in the Jun 2026 quarter, −19.6% on the same quarter a year earlier. Full-year FY26 profit was ₹1,201 Cr. Over 10 years profit has grown 8.6% a year on average. That is 30.7% of the quarter's revenue. The same quarter a year earlier earned ₹459 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹1,201 Cr (+55.2% on the year before).

Why profit moved: revenue changed +8.1% on a year earlier and the margin moved −10.6 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +21.2% and revenue −5.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

JM Financial Ltd reported ₹1,201 Cr of income in the Jun 2026 quarter, +8.1% on the same quarter a year earlier. Over 10 years it has grown 9.6% a year on average. The last full year, FY26, came in at ₹4,223 Cr. The last four reported quarters add to ₹4,180 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

FY26 revenue was ₹4,223 Cr, −4.2% on the year before.

Recent pace: the last four quarters grew −5.1% on average, against 9.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −5.3%, against −6.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +6.3%, against +420.6% a year (rolling over).

JM Financial Ltd's net margin was 30.7% in the Jun 2026 quarter, 10.6 percentage points lower than the same quarter a year ago. Across 13 years it has been between 0.6% and 31.2%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

JM Financial Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

JM Financial Ltd's revenue was ₹4,223 Cr in FY26, −4.2% on the year before, so the loan book is not growing. The latest quarter was +8.1% on a year earlier. The net margin on that income is 30.7%, −10.6 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

JM Financial Ltd's P/BV is 1.0×, near the low end of its own history: it has been lower only 24% of the time. Its usual P/BV (the middle reading) is 1.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is low: this lender earns about 12% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve.