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JM Financial, a diversified financial services group, has posted a 32.63 per cent rise in consolidated net profit for the third quarter ended March 31, on buoyant fund-based business.
The company’s consolidated net profit for the quarter under review rose to ₹150.85 crore from ₹113.74 crore during the same period a year ago. Total income on consolidated basis expanded to ₹724.52 crore, as against ₹464 crore, the company said in a regulatory filing.
“The Indian economy looks promising with the government moving ahead to implement GST and a special push on housing and infrastructure spends. We closed several deals this quarter, and our pipeline for capital markets and merger and acquisition deals continues to remain robust,” said Vishal Kampani, Managing Director at JM Financial Group.
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