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JM Financial has posted a consolidated net profit of ₹ 188.80 crore for the fourth quarter ended March 31, 2018, showing 25.16 per cent increase as compared with ₹ 150.85 crore during the same quarter of previous fiscal.
The financial services group’s total income rose 28.65 per cent to ₹ 932.63 crore during the March quarter against ₹ 724.96 crore in the corresponding period of last year.
For the 12-month period ended March 31, 2018, JM Financial posted a 34.18 per cent rise in consolidated net profit at ₹ 630.92 crore, on a total income of ₹ 3,234.89 crore.
The company also announced a final dividend of ₹ 1.10 per share of the face value of Re 1 each.
“We have reported our highest ever yearly and quarterly operating profit this financial year. During the quarter, we successfully concluded our maiden QIP of ₹ 650 crore. The group’s fund based and fee based businesses have shown strong traction through the year,” Vishal Kampani, Managing Director at JM Financial Group, said.
“We are witnessing a lot of opportunities in the asset reconstruction space space and continue to evaluate new assets and resolve existing ones. We look forward to leveraging the opportunities in the new financial year,” he added.
As of March 31, 2018, JM Financial’s consolidated net worth stood at ₹ 4,348.58 crore and the debt equity (equity + minority Interest) ratio was at 2.57 times.
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