Latest news with #VishalKampani
Economic Times
11-08-2025
- Business
- Economic Times
JM Financial Q1 profit jumps 166 pc to Rs 454 crore
JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. ADVERTISEMENT The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income rose to Rs 1,121 crore during the June quarter 2025-26, from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore compared to Rs 849 crore in the April-June quarter of FY25. Net worth during the quarter has crossed Rs 10,000 crore. The transaction pipeline remains robust across businesses, reflecting the company's deep market engagement, Vishal Kampani, Vice Chairman and Managing Director of JM Financial Ltd, said. "In real estate loans and distressed credit, our focused recovery strategies have delivered strong results, and we remain committed to driving similar outcomes, going forward," he said.
Business Standard
11-08-2025
- Business
- Business Standard
JM Financial Q1 PAT soars 166% YoY to Rs 454 cr
JM Financial posted a robust 165.85% increase in consolidated net profit to Rs 453.81 crore in Q1 FY26, compared to Rs 170.70 crore in the same quarter last year. Total revenue from operations rose 3.18% year on year to Rs 1,111.34 crore in Q1 FY26. Profit before tax stood at Rs 592.56 crore in Q1 FY26, up 141.61% as against Rs 245.25 crore in Q1 FY25. On segmental front, revenue from corporate advisory and capital markets stood at Rs 215.59 crore (up 53.71% YoY), revenue from wealth and asset management stood at Rs 368.57 crore (up 16.45% YoY), revenue from private markets stood at Rs 389.71 (down 24.61% YoY) and revenue from affordable home loans stood at Rs 100.59 crore (up 7.61% YoY), during the quarter. Vishal Kampani, vice chairman and managing director, JM Financial, said, We are extremely excited by the strong momentum across all our business verticals. Our performance is backed by decisive execution, be it in attracting top talent, adding marquee clients, or expanding our physical and digital presence. The transaction pipeline remains robust across businesses, reflecting our deep market engagement. In real estate loans and distressed credit, our focused recovery strategies have delivered strong results, and we remain committed to driving similar outcomes, going forward. The transaction with Bajaj Life Insurance Company Limited has created a benchmark valuation of over Rs 3,000 crore for the home loans business which has been built bottoms up over the last 7 years. An extremely strong Q1FY26 operating profit after tax of Rs 454 crore has given very high visibility towards improving return on equity. In addition to the financial results, JM Financial Credit Solutions (JMFCSL), a wholly-owned subsidiary of JM Financial, announced on Sunday that it will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for Rs 65.5 crore. According to a regulatory filing, JMFCSL has executed an investment agreement with Bajaj Allianz Life Insurance to sell 1.36 crore equity shares in JM Financial Home Loans at Rs 48 per share, representing a 2.10% stake in the company. JM Financial is an integrated and diversified financial services group. Its primary businesses include mortgage lending, distressed credit, asset management. It is also engaged in investment banking and the management of private equity funds. Shares of JM Financial soared 3.36% to close at Rs 160.15 on the BSE.
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Business Standard
10-07-2025
- Business
- Business Standard
JM Financial sees Indian IPOs adding $3 trillion market value over decade
The boom in initial public offerings in India could add $2 trillion to $3 trillion in market value over the next decade, according to Vishal Kampani, vice chairman and managing director of JM Financial Ltd. 'India is poised to become the most interesting and exciting market in the world,' Kampani said in a interview in Mumbai, referring to the IPOs that may take place in the world's most populous nation over the coming years. IPOs have raised more than $6 billion this year, according to data compiled by Bloomberg. HDB Financial Services Ltd., the shadow bank owned by India's biggest private lender HDFC Bank Ltd., has just raised $1.5 billion in an IPO, marking the largest first-time share sale this year, and one in which JM Financial was one of the lead banks. ICICI Prudential Asset Management Co. on Tuesday filed for an IPO to raise up to $1.2 billion. Investors are betting on India's growth potential, building on the momentum from last year's record levels of deal activity. Nearly $21 billion was raised in IPOs in 2024, including the country's biggest-ever listing by Hyundai Motor Co.'s local unit, and two others that exceeded $1 billion, the data showed. Even if some valuations may seem expensive in the short term, Kampani said, investors can still make substantial returns over the long run. 'One needs to have conviction in the India growth story,' he said. India's stock market benchmark Nifty 50 Index has gained about 8 per cent this year, recovering from a March low. Surprisingly, Kampani added, the pricing power in share sales has shifted to local investors, while a decade ago it was more in the hands of the foreign ones. 'The emergence of a strong domestic capital has been really unexpected,' the JM Financial investment banker said. Bigger tickets There's plenty more deals to come across sectors including renewable energy, consumer and retail, pharmaceuticals, manufacturing and financial services, Kampani said. 'We have the strongest ever pipeline of deals,' he said, adding that transactions are also getting bigger in size, with an increasing number of those crossing the $1 billion mark. Some upcoming IPOs include Tata Capital Ltd., the non-banking finance arm of Tata Group, which is planning to raise around $2 billion, in what could be the biggest listing this year. Walmart Inc.'s Phonepe, India's largest provider of digital payments, is preparing to file preliminary documents for an IPO that may raise as much as $1.5 billion, Bloomberg News had reported. And LG Electronics Inc. is considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter have said. Rising M&A M&A activity is also on the rise with both companies and private equity firms actively doing deals, even though it is challenging to work on acquisitions when valuation multiples are high, the investment banker said. The volume of M&A deals involving Indian firms has reached $31 billion, a 18 per cent increase from the same period last year, according to data compiled by Bloomberg. 'Dealmaking in India is likely to maintain a robust pace as the economy continues to grow,' Kampani said.
Time of India
10-07-2025
- Business
- Time of India
JM sees Indian IPOs adding $3 trillion market value over decade
The boom in initial public offerings in India could add $2 trillion to $3 trillion in market value over the next decade, according to Vishal Kampani, vice chairman and managing director of JM Financial Ltd. 'India is poised to become the most interesting and exciting market in the world,' Kampani said in a interview in Mumbai, referring to the IPOs that may take place in the world's most populous nation over the coming years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Are Unstoppable: The Most Beautiful and Talented Female Athletes Undo IPOs have raised more than $6 billion this year, according to data compiled by Bloomberg. HDB Financial Services Ltd. , the shadow bank owned by India's biggest private lender HDFC Bank Ltd., has just raised $1.5 billion in an IPO, marking the largest first-time share sale this year, and one in which JM Financial was one of the lead banks. ICICI Prudential Asset Management Co. on Tuesday filed for an IPO to raise up to $1.2 billion. Investors are betting on India's growth potential, building on the momentum from last year's record levels of deal activity. Nearly $21 billion was raised in IPOs in 2024, including the country's biggest-ever listing by Hyundai Motor Co.'s local unit, and two others that exceeded $1 billion, the data showed. Even if some valuations may seem expensive in the short term, Kampani said, investors can still make substantial returns over the long run. Live Events 'One needs to have conviction in the India growth story,' he said. India's stock market benchmark Nifty 50 Index has gained about 8% this year, recovering from a March low. Surprisingly, Kampani added, the pricing power in share sales has shifted to local investors, while a decade ago it was more in the hands of the foreign ones. 'The emergence of a strong domestic capital has been really unexpected,' the JM Financial investment banker said. Bigger tickets There's plenty more deals to come across sectors including renewable energy, consumer and retail, pharmaceuticals, manufacturing and financial services, Kampani said. 'We have the strongest ever pipeline of deals,' he said, adding that transactions are also getting bigger in size, with an increasing number of those crossing the $1 billion mark. Some upcoming IPOs include Tata Capital Ltd., the non-banking finance arm of Tata Group, which is planning to raise around $2 billion, in what could be the biggest listing this year. Walmart Inc.'s Phonepe, India's largest provider of digital payments, is preparing to file preliminary documents for an IPO that may raise as much as $1.5 billion, Bloomberg News had reported . And LG Electronics Inc. is considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter have said. Rising M&A M&A activity is also on the rise with both companies and private equity firms actively doing deals, even though it is challenging to work on acquisitions when valuation multiples are high, the investment banker said. The volume of M&A deals involving Indian firms has reached $31 billion, a 18% increase from the same period last year, according to data compiled by Bloomberg. Those transactions include French consulting firm Capgemini SE's $3.3 billion purchase of IT outsourcing firm WNS Holdings Ltd., and Torrent Pharmaceuticals Ltd. 's $1.4 billion acquisition of a controlling stake in JB Chemicals & Pharmaceuticals Ltd. from private equity firm KKR & Co. 'Dealmaking in India is likely to maintain a robust pace as the economy continues to grow,' Kampani said.
Bloomberg
10-07-2025
- Business
- Bloomberg
JM Sees Indian IPOs Adding $3 Trillion Market Value Over Decade
The boom in initial public offerings in India could add $2 trillion to $3 trillion in market value over the next decade, according to Vishal Kampani, vice chairman and managing director of JM Financial Ltd. 'India is poised to become the most interesting and exciting market in the world,' Kampani said in a interview in Mumbai, referring to the IPOs that may take place in the world's most populous nation over the coming years.
