Shares of JM Financial Ltd skyrocketed 10% on 13 May after the company announced it’s quarterly earnings for January-March.
JM Financial reported its March quarter (Q4FY25) results after market hours on Monday. In Q4, the company’s standalone profit after tax (PAT) surged 390% to Rs 134.55 crore, compared to Rs 27.47 crore the previous year.
In the current quarter, revenue from operations was Rs 251.89 crore, compared to Rs 191.01 crore in the previous year.
Vishal Kampani, vice chairman and managing director, JM Financial, said, “The pipeline of capital market and M&A transactions continues to remain strong. We continue to build and scale our wealth and asset management businesses. We have increased our shareholding in JM Financial Credit Solutions Limited to 97% from 47%.”
He went on to say that we would focus on an integrated private market business. The private markets business includes Private Credit (Corporate, Bespoke, and 3 Real Estate), with a strong emphasis on syndication, and Private Investments (PE growth, REITs, etc.). The affordable home loan industry has grown significantly, with 128 branches already in operation.
The company’s board proposed a dividend of Rs 2.7 per share for fiscal year 2024-25.
JM Financial is a financial services business that is both integrated and diverse. The Group’s primary businesses are: Integrated Investment Bank (IB), mortgage lending, alternative and distressed credit, asset management, wealth management, and securities business (Platform AWS), which offers individual clients an integrated investment platform that includes elite and retail wealth management, broking, and mutual fund business.
At 12:10 pm, the shares of JM Financial were trading 4.73% higher at Rs 110.80 on NSE.
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