JM Financial posts steady profit growth despite income decline in Q2

JM Financial reported a 17.4% year-on-year rise in second-quarter net profit to ₹276 crore even as total income dropped 6.9% to ₹1,044 crore. The company’s diversified portfolio, particularly investment banking and asset management segments, offset weakness in lending operations. Management cited prudent risk controls and strong liquidity buffers as key strengths amid tightening credit markets. Analysts see JM Financial’s focus on scaling its advisory and wealth management businesses as a stabilizing factor supporting earnings resilience through volatile market conditions.