JM Financial, an integrated financial services group, posted a decline of 5.54 per cent in its net profit at Rs 29.47 crore for the quarter ended June compared with Rs 31.2 crore in the previous corresponding quarter. Its total income for the period rose to Rs 193.02 crore from Rs 122.74 crore, up 57.26 per cent.

Nimesh Kampani, chairman, JM Financial Group, said: "Given the positive and encouraging trend, we are poised to capture various opportunities that come up and look forward to continuing the growth momentum over the next quarter."

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Shares of the company closed weak on Wedesday at Rs 33.25, down 1.77 per cent.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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