The Hindu Business Line : JRG Securities net up 58 pc

The profit before tax has grown to Rs 4.09 crore (Rs 2.73 crore). The growth in revenue by 67 per cent has helped the company to post a good bottomline, Mr Regi Jacob, Managing Director of JRG, said. Consolidated revenue grew to Rs 26.63 crore.

The gross profit margin improved by 47.12 per cent and net profit margin by 57.63 per cent. Earnings per share grew to Rs 3.01, up from 2.07 in the previous year. Based on the growth performance of the company, the JRG Board has recommended a final dividend of 10 per cent on the entire post issue capital of 12.79 million shares.

"The driving factor for this excellent performance in our yearly results was mainly due to the large number of new investors who have entered into the capital market. JRG has been especially able to capitalise from the investors in the rural markets across India," Mr Regi Jacob said.

JRG Wealth Management Ltd, the subsidiary of JRG that operates in the commodities market, posted a gross income of Rs 9.17 crore. The commodity division of the company posted 35 per cent of the consolidated gross income. The JRG Executive Director, Mr Giby Mathew, said the company proposes to invest the funds raised through the IPO for technology up-gradation, establishment of 30 new regional offices in the country and for overseas expansions.

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