• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kochi Oct. 27

The net profit of JRG Securities Ltd has grown by 183 per cent to Rs 2.51 crore (Rs 91 lakh) during the first six months of the current year. The net profit for 2005-06 was Rs 2.59 crore.

Announcing the results on Friday, the Chairman, Mr T.M. Venkataraman, said the company has been able to maintain sustained growth and momentum in tune with the good market conditions. The high visibility that the company got after the IPO also contributed to the growth and profit. The gross revenue grew by 95 per cent to Rs 22.03 crore. This was against a consolidated gross income of Rs 26.72 crore for 2005-06.

JRG Wealth Management Ltd, the subsidiary that is into commodity futures, and JRG Insurance Broking together posted a gross income of Rs 10.28 crore (Rs 3.68 crore), registering a growth of 174 per cent.

Mr Regi Jacob, Managing Director of JRG Securities, said the driving factor for the excellent performance in results was due to the entry of a large number of new investors into the commodity and capital markets.

More Stories on : Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SRF Q2 profit zooms

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line