JM Financial Home Loans Plans to Borrow ₹1,200 Crore in FY25

Launched in 2017, JM Financial Home Loans is a key player in the JM Financial group’s retail mortgage segment. The company specializes in providing home loans and loans against property, catering to a diverse clientele. With an average loan ticket size ranging from Rs 11-12 lakh, JM Financial Home Loans has established itself as a significant contributor to the group’s financial services portfolio.

JM Financial Home Loans to borrow Rs.1,200 crores

JM Financial Home Loans is planning to borrow Rs 1,200 crore in the 2024-25 fiscal year (April-March) to expand its loan book. “We currently have an AUM of Rs 2,400 crore. Our goal is to disburse at least another Rs 1,500 crore. Therefore, we need to borrow at least Rs 1,200 crore in the current financial year,” stated Manish Sheth, Managing Director and CEO of JM Financial Home Loans. This strategic move aims to support the company’s growth ambitions in the retail mortgage segment.

JM Financial Home loan Financial performance

The company’s net profit rose to nearly Rs 40 crore in 2023-24 (April-March) from Rs 30 crore in 2022-23. The gross non-performing asset ratio stood at 0.69% as of March 31.  The company delivered a return on assets of 2.25%, and a return on equity of 9.5% in 2023-24.

Conclusion: JM Financial Home Loans’ plan to borrow Rs 1,200 crore in the 2024-25 fiscal year highlights its commitment to expanding its loan book and supporting growth. With a current AUM of Rs 2,400 crore and a target to disburse an additional Rs 1,500 crore, this strategic borrowing will enable the company to meet increasing demand and enhance its market presence, reinforcing its position in the retail mortgage segment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.