What’s new

• Net profit surged 47% year-on-year to ₹7.60 crore for FY26, driven by higher interest and fee income.
• Total revenue from operations grew 28% to ₹21.99 crore.
• The loan book expanded 68% to ₹71.69 crore, and cash holdings rose to ₹11.91 crore.

Why it matters

For a company with a ₹37 crore market cap, a ₹7.60 crore profit is a valuation anchor. The 68% loan book growth is the core operational story, but the small absolute size means any asset quality slip would have an outsized impact. The clean auditor's opinion is a necessary hygiene check passed.

What we’re watching

• Asset quality metrics as the loan book scales rapidly.
• The sustainability of interest income growth at this pace.
• Whether the ₹11.91 crore cash pile gets deployed into more lending or sits idle.

The full read

JMJ Fintech's FY26 numbers are a simple story of a small lender growing fast. The loan book jumped 68% to ₹71.69 crore, fueling a 28% rise in revenue to ₹21.99 crore and a 47% surge in net profit to ₹7.60 crore. For a company with a ₹37 crore market cap, the profit figure is substantial, backing a 4.8x P/E ratio. The auditor's clean sign-off removes a potential governance overhang. The key number is the loan book expansion from ₹42.65 crore to ₹71.69 crore. That growth rate is aggressive for an NBFC of this scale. The open question is whether the asset quality holds as the loan book balloons.

Primary source: BSE · NSE