KJMC Financial Services Limited half-year profit hits Rs 9.31 crore

KJMC Financial Services Limited reported consolidated profit of Rs 9.31 crore for the half year ended 30 September 2026, compared with Rs 1.74 crore a year earlier, as income from shares and securities trading rose to Rs 13.26 crore from Rs 2.79 crore. Total income reached Rs 14.86 crore.

How did KJMC Financial Services perform in the half year?

KJMC Financial Services reported profit after tax of Rs 9.31 crore for the half year ended 30 September 2026, up from Rs 1.76 crore before the associate adjustment in the corresponding 2025 period. After including the Rs 4.80 lakh share of loss in its associate, profit for the period was Rs 9.31 crore, against Rs 1.74 crore a year earlier. Profit before tax increased to Rs 12.52 crore from Rs 2.30 crore.

Total income rose to Rs 14.86 crore from Rs 4.08 crore, while total expenses increased to Rs 2.33 crore from Rs 1.78 crore. Revenue from operations was Rs 14.72 crore, compared with Rs 3.71 crore, and other income declined to Rs 13.98 lakh from Rs 36.95 lakh. The difference between income growth and expense growth resulted in the higher pre-tax profit.

What drove KJMC Financial Services' income growth?

KJMC Financial Services' largest income movement was shares and securities trading income, which rose to Rs 13.26 crore in the six months from Rs 2.79 crore a year earlier. This Rs 10.47 crore increase accounted for most of the Rs 11.01 crore rise in revenue from operations. Trading income made up about 90% of operating revenue of Rs 14.72 crore in the latest half year.

Interest income increased to Rs 1.09 crore from Rs 53.88 lakh, while dividend income rose to Rs 36.23 lakh from Rs 27.56 lakh. Professional fees were nil, compared with Rs 10 lakh in the previous-year half, and processing, documentation and other charges were Rs 6 lakh, compared with Rs 44 lakh. The disclosed income pattern was therefore concentrated in the securities-trading line.

The September 2026 quarter generated Rs 10.35 crore of shares and securities trading income, compared with Rs 2.91 crore in the June 2026 quarter and Rs 98.20 lakh in the September 2025 quarter. Total income for the September 2026 quarter was Rs 11.41 crore, versus Rs 3.45 crore in the preceding quarter. These figures show that most of the half-year operating income was recorded in the second quarter.

How uneven were KJMC Financial Services' quarterly results?

KJMC Financial Services recorded profit after tax of Rs 7.52 crore for the quarter ended 30 September 2026, compared with Rs 1.79 crore in the quarter ended 30 June 2026. The September 2025 quarter had reported Rs 66.85 lakh of profit after tax. Profit before tax was Rs 10.08 crore in the latest quarter and Rs 2.44 crore in the preceding quarter.

KJMC Financial Services said profits and losses from certain transactions do not necessarily accrue evenly during the year, and quarterly results may not represent the full-year outcome. It also stated that the current quarter is not comparable with the corresponding quarter of the previous year. The September-quarter concentration of Rs 10.35 crore in trading income provides the reported basis for that caution.

Tax expense was Rs 3.21 crore in the six months, compared with Rs 54.10 lakh in the prior-year half. Current tax was Rs 25.68 lakh, against Rs 8.80 lakh, while deferred tax was Rs 2.95 crore, against Rs 45.30 lakh. Finance costs also rose to Rs 79.40 lakh from Rs 43.79 lakh, alongside the increase in profit before tax.

What changed in KJMC Financial Services' balance sheet and cash flow?

KJMC Financial Services had consolidated assets of Rs 184.06 crore at 30 September 2026, up from Rs 129.28 crore at 31 March 2026 but below Rs 187.55 crore at 30 September 2025. Investments increased to Rs 162.00 crore from Rs 111.84 crore at the March year-end, while loans rose to Rs 15.67 crore from Rs 11.15 crore. Cash and cash equivalents were Rs 77.93 lakh, compared with Rs 11.25 lakh at 31 March 2026.

Total equity was Rs 146.88 crore at 30 September 2026, compared with Rs 102.13 crore at 31 March 2026 and Rs 154.88 crore a year earlier. Borrowings increased to Rs 17.51 crore from Rs 13.32 crore at 31 March 2026 and Rs 13.93 crore at 30 September 2025. Deferred tax liabilities were Rs 18.65 crore, versus Rs 13.11 crore at the March year-end.

Net cash from operating activities was Rs 35.12 crore in the latest half year, compared with an outflow of Rs 32.56 crore a year earlier. Cash generated from operations was Rs 35.18 crore, while working-capital changes used Rs 26.79 crore, including Rs 22.66 crore for stock in trade described as securities held for trading. Investing activities used Rs 37.85 crore, mainly through Rs 38.07 crore of net purchases and sales of shares and units, while financing activities provided Rs 3.39 crore.

What does KJMC Financial Services' consolidated result include?

KJMC Financial Services' consolidated results include wholly owned subsidiary KJMC Trading and Agency Limited, step-down subsidiary KJMC Investments Company, a partnership firm, and associate KJMC Platinum Builders Private Limited. The associate's reported impact was a Rs 4.80 lakh loss for the half year ended 30 September 2026, compared with a Rs 11 lakh loss in the prior-year half.

KJMC Financial Services is a non-banking financial company primarily engaged in investment and financing activities. It reported no separate reportable segments under Indian Accounting Standard 108, which covers operating segments. The board approved the unaudited consolidated results on 11 November 2026 after audit committee review, under the stated Securities and Exchange Board of India listing-regulation process.

Total comprehensive income was Rs 44.76 crore for the six months, compared with a total comprehensive loss of Rs 18.21 crore in the prior-year half. The cash-flow statement listed a non-cash fair-value gain of Rs 37.83 crore on financial instruments measured at fair value through other comprehensive income, compared with a Rs 23.14 crore loss adjustment a year earlier. This reported fair-value movement explains why comprehensive income differed from profit for the period.

Conclusion

KJMC Financial Services' half-year result reflects a substantial increase in reported profit, with securities-trading income of Rs 13.26 crore accounting for most of the increase in operating revenue. Profit for the period reached Rs 9.31 crore, while total comprehensive income of Rs 44.76 crore was additionally affected by fair-value movements recognised outside profit or loss.

The next results should show whether trading income remains concentrated in a single quarter and how securities held for trading develop after the Rs 22.66 crore working-capital use reported for the half year. KJMC Financial Services disclosed no numerical forward target, and its filing says quarterly transaction profits and losses may not accrue evenly through the year.