JMJ Fintech538834Quarterly results

Board outcome: Q2 results, new Chief Business Officer, nil deviation in Rights Issue proceeds

Board met 03 Nov 2026 and approved unaudited standalone results for Q2/H1 ended 30 Sep 2026.

By ScoutQuest · Tue 3 Nov 2026, 6:17 PM IST · 3 min read

₹144.10 lakh-51.5%

Q2 FY26₹297.08 lakhQ2 FY27₹144.10 lakh

Profit for the period, (Rs. In Lacs: ₹297.08 lakh (Q2 FY26) and ₹144.10 lakh (Q2 FY27).

Q2 Profit for the period: Rs. 144.10 lakh vs Rs. 297.08 lakh a year earlier
Total Income from Operations: Rs. 476.33 lakh vs Rs. 631.23 lakh
Chief Business Officer Appointment: Mr. Ankit Sundriyal appointed Chief Business Officer effective 16 Nov 2026

The board meeting of 03 November 2026 (04:00 PM to 05:00 PM) produced four items: the quarterly results, a nil-deviation statement on Rights Issue proceeds, ratification of related party transactions, and a new Chief Business Officer.

What was approved

Unaudited standalone financial results for the quarter and half year ended 30 September 2026, together with the Statement of Assets and Liabilities, Cash Flow Statement and the statutory auditors' Limited Review Report.
Related party transactions entered into during the quarter and half year, as reviewed and recommended by the Audit Committee.

The auditor's conclusion

Mahesh C. Solanki & Co reviewed the statement. Their conclusion: nothing came to their attention that causes them to believe the statement, prepared under Ind AS 34 and other applicable accounting principles, has not disclosed what is required, or that it contains any material misstatement. A review is narrower in scope than a full audit and is not an audit opinion.

The quarterly numbers (standalone, Rs. In Lacs)

Total Income from Operations: 476.33 in Q2 FY27 vs 631.23 in Q2 FY26.
Total Expenses: 283.71 vs 242.30.
Finance Cost: 101.08 vs 77.63.
Profit Before Tax: 192.62 vs 388.93.
Profit for the period: 144.10 vs 297.08.
Earnings per share (basic, on Rs. 10/- each, not annualised): 0.38 vs 2.19.

The half year picture (standalone, Rs. In Lacs)

Total Income from Operations: 1,012.81 for H1 FY27 vs 1,138.95 for H1 FY26.
Profit for the period: 341.48 vs 411.51.
Earnings per share (basic): 0.91 vs 1.69.

Balance sheet highlights (30 September 2026 vs 31 March 2026, Rs. In Lacs)

Loan and Advances: 8,508.46 vs 7,169.35.
Total Assets: 9,784.68 vs 8,957.65.
Subordinated Debts: 3,662.66 vs 3,227.47.
Total Equity: 5,890.04 vs 5,603.45.

Senior management appointment

Mr. Ankit Sundriyal has been appointed Chief Business Officer, designated as Senior Management Personnel, with effect from 16 November 2026, as a full-time appointee on terms mutually agreed; remuneration is as approved by the Board from time to time. His profile: MBA in Operations from MDI Gurgaon (2015) and B.Tech in Electronics & Telecommunication Engineering (2008); certifications include Project Management Professional (PMP), Six Sigma Black Belt (SSBB) - ASQ, PRMIA Operational Risk Professional and IRDA Certified Principal Officer. He has over 16 years of experience across NBFCs, fintechs and financial services, covering digital lending partnerships, co-lending ecosystems, financial operations and risk governance. He is not related to any Director or Key Managerial Personnel of the company.

Rights Issue proceeds

Under the Statement of Deviation(s) or Variation(s) for the quarter and half year ended 30 September 2026, the company confirmed NIL deviation or variation in the utilisation of proceeds of funds raised through the Rights Issue.

Internal audit cash check

A physical verification of cash at the Regional Office was carried out on 15/09/2026 at 11.00 AM in the presence of the cash custodian: cash balance as per cash book 1,33,215.60, physical cash counted 1,33,215.60, excess/(shortage) NIL.

What a reader can take from the update

On the standalone statement, Total Income from Operations and Profit for the period for the quarter were lower than in the same quarter of the previous year, while the limited review carries an unmodified conclusion, the Rights Issue proceeds show nil deviation, and a new Chief Business Officer takes charge from mid-November 2026.

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