JMFINANCIL - JM Financial Limited Share Price

Finance

₹99.49-2.05(-2.02%)

Market Closed as of May 2, 2025, 15:30 IST

What does JM Financial Limited do?

Holding Company•Financial Services•Small Cap

JM Financial Limited, together with its subsidiaries, provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally. The company operates in four segments: Investment Bank; Mortgage Lending; Alternative & Distressed Credit; and Asset Management, Wealth Management & Securities Business (Platform AWS). The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also engages in institutional equities business and research, portfolio management services, private equity funds, fixed income, syndication, and finance. Its Mortgage Lending segment offers finance against commercial and residential real estate to a range of corporate and non-corporate clients; and housing finance and lending services to educational institutions. The Alternative & Distressed Credit segment provides securitization and reconstruction of financial assets and manages alternative credit funds. Its Platform AWS segment offers investment advisory and distribution services, which include equity brokerage, elite and retail wealth management, and margin trade financing; distributes financial products; and manages mutual fund assets through various schemes. It also provides real estate consulting; and capital market lending services. The company was formerly known as J.M. Share and Stock Brokers Private Limited and changed its name to JM Financial Limited in September 2004. JM Financial Limited was founded in 1973 and is headquartered in Mumbai, India.

Industry Group:Finance

Employees:290

Website:www.jmfl.com

Balance Sheet for JM Financial

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Dec-2024	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-	-	142	41	79	7.55	3.39
Trade receivables	-	-	123	78	103	30	19
Loans	-	-	303	457	987	737	1,203
Investments	-	-	3,806	3,657	2,899	3,071	2,518
Other financial assets	-	-	20	10	28	14	32
Total finanical assets	-100%	0	4,398	-	-	-	-
Current tax assets (Net)	-	-	159	146	152	160	161
Property, plant and equipment	-	-	70	46	49	53	56
Total non-financial assets	-100.4%	0	242	-	-	-	-
Total assets	-	-	4,640	4,452	4,311	4,083	4,006
Equity share capital	-	-	96	96	96	95	95
Total equity	-	-	4,255	4,110	3,992	3,817	3,758
Payables	-	-	-	-	-	-	-
Borrowings	-	-	76	54	58	0	63
Total financial liabilities	-100.4%	0	248	-	-	-	-
Provisions	-	-	15	12	14	10	11
Total non financial liabilities	-100.7%	0	138	-	-	-	-
Total liabilities	-	-	-	343	319	266	247
Total equity and liabilities	-	-	4,640	4,452	4,311	4,083	4,006

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Dec-2024	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-	-	1,615	2,232	449	524	267
Derivative financial instruments	-	-	0	0	0	0	0
Trade receivables	-	-	823	569	955	1,215	614
Loans	-	-	11,848	15,063	17,925	16,929	15,739
Investments	-	-	5,810	4,724	4,167	3,584	2,804
Other financial assets	-	-	2,413	2,351	3,635	3,791	3,340
Total finanical assets	-100%	0	26,361	-	-	-	-
Inventories	-	-	139	143	150	102	0
Current tax assets (Net)	-	-	413	407	401	367	390
Property, plant and equipment	-	-	500	495	479	440	420
Capital work-in-progress	-	-	8.45	4.43	12	7.01	6.34
Goodwill	-	-	52	52	52	52	52
Total non-financial assets	-100.1%	0	1,670	-	-	-	-
Total assets	-	-	28,031	29,764	31,471	29,370	25,755
Equity share capital	-	-	96	96	96	95	95
Non controlling interest	-	-	-	2,566	2,984	3,134	2,990
Total equity	-	-	11,261	11,056	11,400	11,270	10,959
Derivative financial instruments	-	-	0	0	0	0	0
Debt securities	-	-	9,959	10,959	11,307	10,010	8,142
Borrowings	-	-	3,908	5,186	5,642	5,864	4,921
Total financial liabilities	-100%	0	16,477	-	-	-	-
Current tax liabilities	-	-	11	1.42	11	3.01	5.92
Provisions	-	-	58	50	62	54	56
Total non financial liabilities	-100.3%	0	293	-	-	-	-
Total liabilities	-	-	-	18,708	20,071	18,101	14,796
Total equity and liabilities	-	-	28,031	29,764	31,471	29,370	25,755

Income Statement for JM Financial

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Total income	44.6%	4,832	3,343	3,763	3,227	3,454	3,579
Revenue From Operations	45.8%	4,761	3,265	3,707	3,197	3,432	3,542
Total interest earned	32.1%	2,556	1,935	1,851	1,909	2,281	2,365
Fees and commission income	67.2%	1,098	657	817	629	646	577
Other revenue from operations	11.7%	546	489	451	342	311	600
Other income	-9.1%	71	78	56	29	22	37
Total Expenses	52%	3,632	2,390	2,415	2,160	2,360	2,296
Employee Expense	27.9%	795	622	548	441	395	422
Finance costs	32.5%	1,562	1,179	1,082	1,111	1,386	1,446
Depreciation and Amortization	26.8%	53	42	38	40	41	27
Fees and commission expenses	-	294	0	0	0	0	0
Impairment on financial instruments	506.3%	577	96	348	257	234	35
Other expenses	-22.6%	350	452	400	312	304	287
Profit Before exceptional items and Tax	25.9%	1,200	953	1,348	1,067	1,094	1,283
Exceptional items before tax	-	-846.86	0	0	0	0	0
Total profit before tax	-63%	353	953	1,348	1,067	1,094	1,283
Current tax	39.7%	339	243	416	314	332	489
Deferred tax	-3430.8%	-12.77	0.61	-60.24	-52.73	-15.92	-42.49
Tax expense	33.7%	326	244	356	261	316	446
Total profit (loss) for period	-95.8%	31	709	992	808	778	837
Other comp. income net of taxes	-105.7%	0.43	11	4.27	-0.69	8.68	7.82
Total Comprehensive Income	-95.8%	31	720	997	807	787	845
Reserve excluding revaluation reserves	4.4%	8,342	7,988	7,538	6,852	5,502	4,995
Earnings Per Share, Basic	-37.5%	4.29	6.26	8.11	6.34	6.48	6.82
Earnings Per Share, Diluted	-37.3%	4.29	6.25	8.09	6.32	6.45	6.79

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Total income	-7.4%	1,121	1,211	1,094	1,276	1,261	1,214
Revenue From Operations	-7.1%	1,106	1,191	1,077	1,261	1,236	1,197
Total interest earned	-15%	453	533	554	667	675	632
Fees and commission income	-18.7%	231	284	188	323	296	276
Other revenue from operations	-36.6%	138	217	166	170	133	142
Other income	-35%	14	21	17	15	25	17
Total Expenses	-21.2%	834	1,058	849	1,001	844	936
Employee Expense	-24.4%	221	292	231	120	246	236
Finance costs	-7.3%	318	343	370	407	400	388
Depreciation and Amortization	7.1%	16	15	16	14	14	13
Fees and commission expenses	-8.1%	80	87	87	91	0	0
Impairment on financial instruments	-49.6%	116	229	72	256	49	127
Other expenses	-10%	82	91	71	113	135	172
Profit Before exceptional items and Tax	86.9%	287	154	245	275	417	278
Exceptional items before tax	-	0	0	0	-846.86	0	0
Total profit before tax	86.9%	287	154	245	-572.12	417	278
Current tax	12.2%	93	83	58	86	76	93
Deferred tax	80.1%	-13.7	-72.75	1.48	16	19	-20.34
Tax expense	785.4%	79	9.81	59	103	96	72
Total profit (loss) for period	44.1%	207	144	187	-674.1	322	206
Other comp. income net of taxes	261.4%	3.68	-0.66	-0.51	-0.41	-0.18	1.72
Total Comprehensive Income	46.9%	211	144	186	-674.51	322	208
Reserve excluding revaluation reserves	-	-	-	-	8,342	-	-
Earnings Per Share, Basic	-16.8%	2.19	2.43	1.79	-2.39	2.91	2.04
Earnings Per Share, Diluted	-17.5%	2.18	2.43	1.79	-2.39	2.91	2.04

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Total income	67.8%	820	489	620	374	303	272
Revenue From Operations	114%	718	336	561	346	257	143
Total interest earned	34.8%	90	67	64	52	16	23
Fees and commission income	162.7%	508	194	349	229	219	120
Other revenue from operations	-	-	-	30	-	-	-
Other income	-33.6%	102	153	59	28	47	129
Total Expenses	135.1%	410	175	204	158	147	156
Employee Expense	79.4%	184	103	116	84	67	74
Finance costs	-12.3%	5.5	6.13	6.76	7.24	7.81	20
Depreciation and Amortization	11.1%	11	10	11	12	12	1.86
Fees and commission expenses	158.6%	76	30	47	31	31	0
Impairment on financial instruments	10143.9%	85	1.82	0	4.75	2.32	0
Other expenses	108.7%	49	24	23	19	27	61
Profit Before exceptional items and Tax	31.1%	410	313	416	217	156	116
Total profit before tax	31.1%	410	313	416	217	156	116
Current tax	126.3%	87	39	78	42	32	6.99
Deferred tax	4382.8%	14	1.29	11	-0.9	-3.11	-2.59
Tax expense	156.4%	101	40	88	42	29	4.4
Total profit (loss) for period	13.6%	310	273	328	175	127	111
Other comp. income net of taxes	-95.6%	-1.21	-0.13	0.08	0.16	-0.29	-0.04
Total Comprehensive Income	12.9%	308	273	328	175	127	111
Reserve excluding revaluation reserves	7.9%	4,014	3,721	3,641	3,408	2,489	2,398
Earnings Per Share, Basic	20.4%	3.24	2.86	3.44	1.88	1.51	1.33
Earnings Per Share, Diluted	20.4%	3.24	2.86	3.43	1.88	1.51	1.32

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Total income	-51%	211	430	140	193	223	265
Revenue From Operations	-11.9%	209	237	139	191	218	167
Total interest earned	11%	10	9.11	9.86	21	24	28
Fees and commission income	-29.5%	125	177	104	136	157	129
Other income	-99.7%	1.61	192	1.58	1.64	5.55	98
Total Expenses	-25%	124	165	95	125	105	104
Employee Expense	-4.5%	65	68	55	-1.06	75	64
Finance costs	-8%	1.81	1.88	1.6	1.33	1.34	1.33
Depreciation and Amortization	1.5%	4.33	4.28	3.59	2.63	2.74	2.79
Fees and commission expenses	-53.8%	37	79	27	22	16	20
Impairment on financial instruments	-180%	0.8	1.25	-0.92	85	0	3.34
Other expenses	57.8%	15	9.87	8.96	15	9.84	12
Profit Before exceptional items and Tax	-67.4%	87	265	45	67	118	162
Total profit before tax	-67.4%	87	265	45	67	118	162
Current tax	36.4%	16	12	9.3	36	22	19
Deferred tax	98.6%	0.32	-45.99	1.4	3.75	6.38	0.34
Tax expense	142.6%	16	-34.19	11	40	28	19
Total profit (loss) for period	-76.8%	70	299	35	27	90	142
Other comp. income net of taxes	8.7%	-0.46	-0.6	-0.3	-0.4	-0.27	-0.5
Total Comprehensive Income	-76.8%	70	299	34	27	90	142
Reserve excluding revaluation reserves	-	-	-	-	4,014	-	-
Earnings Per Share, Basic	-112.2%	0.74	3.13	0.36	0.29	0.94	1.49
Earnings Per Share, Diluted	-112.2%	0.74	3.13	0.36	0.29	0.94	1.49

Cash Flow for JM Financial

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-12.1%	5.43	6.04	6.67
Depreciation	11.1%	11	10	11
Impairment loss / reversal	-11.2%	-3.65	-3.18	-3.6
Dividend income	-35.7%	93	144	48
Adjustments for interest income	37.3%	93	68	12
Share-based payments	8.7%	0.79	0.77	1.93
Net Cashflows From Operations	272.3%	500	-288.59	277
Interest received	40%	92	66	0
Income taxes paid (refund)	78%	74	42	74
Net Cashflows From Operating Activities	294.6%	518	-264.72	203
Purchase of property, plant and equipment	192.5%	1.37	0.6	2.08
Dividends received	-35.7%	93	144	48
Interest received	-200%	0.13	1.87	12
Other inflows/outflows of cash	179.4%	1.85	-0.07	-0.92
Net Cashflows From Investing Activities	-208.9%	-433.34	400	-25.01
Proceeds from issuing shares	24.7%	0.3	0.07	0.14
Payments of lease liabilities	0%	13	13	13
Dividends paid	-56.4%	86	196	95
Net Cashflows From Financing Activities	52.3%	-98.92	-208.32	-108.05
Net change in cash and cash eq.	79.9%	-13.78	-72.55	70

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	32.5%	1,562	1,179	4.44
Change in inventories	59.5%	-40.77	-102.1	0
Depreciation	26.8%	53	42	38
Impairment loss / reversal	506.3%	577	96	348
Dividend income	216.6%	13	4.79	3.83
Adjustments for interest income	22.3%	2,582	2,112	113
Share-based payments	73.8%	9.9	6.12	4.36
Net Cashflows From Operations	203.2%	2,997	-2,900.93	-2,750.54
Interest paid	36%	1,549	1,139	0
Interest received	37.7%	2,567	1,865	0
Income taxes paid (refund)	38.8%	380	274	452
Net Cashflows From Operating Activities	248.3%	3,635	-2,448.73	-3,203.03
Proceeds from sales of PPE	55.6%	0.76	0.46	0.23
Purchase of property, plant and equipment	-57.3%	54	125	17
Dividends received	216.6%	13	4.79	3.83
Interest received	-84.5%	27	169	113
Other inflows/outflows of cash	-135.3%	-1,344.31	-570.71	-48.36
Net Cashflows From Investing Activities	-362.8%	-2,089.94	-450.84	2,616
Proceeds from changes in ownership interests in subsidiaries	-115.6%	0	7.39	0
Payments of other equity instruments	814.6%	76	9.2	1.62
Proceeds from exercise of stock options	24.7%	0.3	0.07	0.14
Proceeds from issuing debt etc	161.5%	911	349	1,158
Proceeds from borrowings	27.4%	2,590	2,033	0
Repayments of borrowings	-	3,235	0	67
Payments of lease liabilities	34.8%	32	24	20
Dividends paid	-55.9%	87	196	96
Net Cashflows From Financing Activities	-92.5%	162	2,161	1,024
Net change in cash and cash eq.	330.7%	1,708	-738.92	437

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	JMFINANCIL	Finance
PE	-71.61	17.82
PS	2.06	5.50
Growth	6.2 %	4.3 %

Shareholder Name	Holding %
J. M. Financial And Investment Consultancy Services Private Limited	24.38%
Nimesh Kampani	13.03%
J. M. Assets Management Private Limited	11.29%
ICICI PRUDENTIAL (VARIOUS SCHEMES)	3.97%
Aruna Kampani	2.92%
BARON EMERGING MARKETS FUND	2.9%
TIMF HOLDINGS	2.36%
SNK Investments Private Limited	1.86%
QUANT MUTUAL FUND	1.75%
Vishal Kampani	1.36%
ROBECO CAPITAL GROWTH FUNDS	1.3%
VIKRAM SHANKAR PANDIT	1.22%
Amishi Akash Gambhir	0.84%
JSB Securities Limited	0.4%
JM Financial Trustee Company Private Limited	0.17%
Shiv Vishal Kampani	0.13%
Nimesh Kampani HUF (Nimesh Kampani - Karta)	0.13%

Summary of Latest Earnings Report from JM Financial

Summary of JM Financial's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook:
JM Financial's management remains optimistic about growth across core businesses, emphasizing strategic pivots toward syndication, fee-based services, and expansion in retail-focused segments. The company is prioritizing balance sheet strength, with reduced debt (down 25% YoY) and increased cash reserves (INR5,840 crores). Key growth drivers include investment banking (strong ECM/M&A pipeline), wealth management (17% YoY AUM growth), mutual funds (3x AUM growth), and affordable housing (33% YoY AUM growth). The real estate book is largely provisioned (93% coverage), with resolutions expected over the next 2-3 years. Syndication and AIF-led real estate financing are seen as future growth areas.

Major Points:

De-risking Balance Sheet: Wholesale loan book reduced 45% (INR4,207 crores) with aggressive provisioning (INR800 crores).
Investment Banking: Market leadership in QIPs (15"“20% share); regulatory clarity post-SEBI order resolved earlier overhangs.
Wealth & Asset Management: Wealth AUM at INR1.1 lakh crores; mutual fund AUM tripled to INR13,800 crores.
Affordable Housing: Expanded to 128 branches; AUM at INR2,600 crores (33% YoY).
Real Estate NPA Resolution: Focused on recoveries via settlements/NCLT; Supreme Court-backed Unitech resolution underway.
Talent & Digital Investments: Aggressive hiring in IB, equities, and wealth; leveraging market disruptions to attract talent.
ARC Strategy: Shifted to syndication/retail focus; minimal balance sheet risk.
Capital Allocation: Cash reserves to fuel syndication, retail broking, and strategic expansions.

Management expects sustained momentum in capital markets, private credit, and retail segments, with profitability to scale as investments mature.

Q&A Session

Last updated: Feb 25

Question 1: What caused the decline in investment banking (IB) revenue? Were regulatory actions a factor? How has market share been impacted?
The decline in IB revenue is due to reduced financing activity (part of the old segment reporting) as the loan book decreased by ~45% over 9 months. Regulatory action (SEBI order in March 2024) initially impacted equity deals due to misinterpretation, but SEBI clarified it applied only to debt IPOs, resolving ambiguities. JM Financial maintained ~15-20% market share in capital markets and ranked #1 in QIPs for 2024. The pipeline remains robust, with strong DRHP filings and cross-selling opportunities across wealth, syndication, and advisory.

Question 2: Why are NPAs in the wholesale real estate book stable despite high provisioning? Are write-offs anticipated?
Provisions increased to 93% coverage (from 54% in March 2024) as the loan book reduced (~45% decline), making NPAs appear larger proportionally. Provisions aim to preemptively cover residual risks as the book winds down. Write-offs were largely completed earlier; recoveries are expected over 2-3 years. Security coverage (1.3-1.4x post write-offs) supports optimism, with potential write-backs if resolutions accelerate.

Question 3: How is the affordable home loan business performing? What is the BT rate impact and sell-down process?
Affordable housing AUM grew 33% YoY to Rs.2,600 crore, with 128 branches. BT rates are 1% monthly (down from 1.5%). Sell-downs follow a 90-10 risk-sharing model, requiring buyer approval for rate changes. The business is scaling profitably, supported by a Rs.780 crore net worth.

Question 4: What is the outlook for real estate credit demand amid rising inventory? How is JM Financial maintaining developer relationships?
Demand for land/approval finance remains strong, but NBFCs cannot lend post-RBI norms. JM is transitioning to an AIF model (awaiting approval) for land financing, leveraging existing developer relationships. Larger players dominate market share; inventory concerns are tempered by strong economic growth.

Question 5: What is the status of ARC recoveries and future strategy?
ARC recoveries (Rs.1,129 crore in Q3) are lumpy but structured to minimize balance sheet risk. JM will focus on syndication (partnering with funds, holding 2.5-15% stakes) and retail NPA resolution. No new corporate turnaround risks will be taken.

Question 6: How will excess cash (Rs.5,840 crore) be utilized?
Cash will fund business expansion (syndication, wealth, broking), with ~Rs.3,000 crore earmarked for syndication and loan books. Dividends/buybacks are possible post-Credit Solutions acquisition (pending RBI approval).

Question 7: How is the wealth management business scaling amid market volatility?
Wealth AUM grew 17% YoY to Rs.1.1 lakh crore. Talent acquisition is prioritized to capture market share. Recurring revenue (fee-based) is rising, though near-term profitability may lag due to expansion costs.

Question 8: What is the growth trajectory for AMC, wealth, and syndication businesses?
AMC targets breakeven at Rs.20,000-25,000 crore equity AUM (current: Rs.13,800 crore). Wealth focuses on talent and geographic expansion. Syndication aims for 13-14% unlevered yields on a Rs.3,000 crore book.

Question 9: Are there risks in the margin financing book amid small-cap volatility?
Margin financing (Rs.2,100 crore, 38% YoY growth) is diversified across 7,000+ clients, with exposure limited to BSE 500 stocks. No systemic risks are observed.

Question 10: How is talent retention managed amid industry competition?
JM proactively recruits from top universities and lateral hires, expanding teams in IB, equities, and wealth. Investments in junior talent and cross-training mitigate attrition risks, ensuring scalability.

Description	Share	Value
Investment Bank	36.7%	429.3 Cr
Mortgage Lending	27.5%	321.8 Cr
Asset Management Wealth Management Securities Business	25.4%	297.4 Cr
Alternative & Distressed Credit	7.3%	85.6 Cr
Others	3.1%	36.8 Cr
Total		1.2 kCr

Investor Care
Dividend Yield	1.58%
Dividend/Share (TTM)	2
Shares Dilution (1Y)	0.02%
Diluted EPS (TTM)	4.01

Financial Health
Debt/Equity	0.00
Debt/Cashflow	0.00

Valuation
Market Cap	9.71 kCr
Price/Earnings (Trailing)	-71.61
Price/Sales (Trailing)	2.06
EV/EBITDA	6.02
Price/Free Cashflow	3.45
MarketCap/EBT	85.66

Fundamentals
Revenue (TTM)	4.7 kCr
Rev. Growth (Yr)	-11.14%
Rev. Growth (Qtr)	-7.49%
Earnings (TTM)	-135.53 Cr
Earnings Growth (Yr)	-35.66%
Earnings Growth (Qtr)	43.82%

JMFINANCIL - JM Financial Limited Share Price

What does JM Financial Limited do?

Balance Sheet for JM Financial

Income Statement for JM Financial

Cash Flow for JM Financial

Sector Comparison: JMFINANCIL vs Finance

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from JM Financial

Revenue Breakdown

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Is JM Financial Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Profitability
Operating Margin	20.42%
EBT Margin	2.41%
Return on Equity	-1.2%
Return on Assets	-0.48%
Free Cashflow Yield	28.97%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
BAJFINANCE	Bajaj FinanceNon Banking Financial Company(NBFC)	5.51 LCr	66.19 kCr	+2.23%	+28.76%	32.82	7.9	+26.82%	+16.11%
HDFCAMC	HDFC Asset Management Co.Asset Management Company	93.69 kCr	3.89 kCr	+7.55%	+11.29%	39.65	24.11	+31.73%	+32.88%
MOTILALOFS	Motilal Oswal Financial ServicesStockbroking & Allied	38.12 kCr	9.32 kCr	+3.76%	+4.15%	15.2	4.55	+17.44%	+2.56%
IIFL	IIFL FINANCENon Banking Financial Company(NBFC)	15 kCr	10.57 kCr	+5.29%	-11.16%	19.81	1.42	+7.07%	-62.15%
EDELWEISS	Edelweiss Financial ServicesHolding Company	7.53 kCr	10.2 kCr	-12.39%	+1.83%	12.97	0.74	+5.84%	+16.80%