Financial services provider, JM Financial, has posted a consolidated net profit of Rs 56.93-crore for the quarter ended September 30 as against Rs 20.89 crore in the year ago-period. 

Total income stood at Rs 165.07-crore compared to Rs 135.36 crore in the same period a year-ago, a company press release said. 

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For half-year ended September 30, JM Financial registered a net profit at Rs 88.13-crore compared to Rs 39.23 crore in the same period last fiscal.

Total income stood at Rs 270.20-crore compared to Rs 278.36 crore in the same time a year-ago. Net operating profit before tax stood at Rs 121.52 crore compared to Rs 52.29 crore in the same time last year.

"The surge in the capital markets activity has resulted in improved performance in investment banking and broking business, both, retail and institutional. With a positive outlook on market developments, JM Financial Group remains committed to identifying suitable opportunities that will help create value for all its stakeholders," JM Financial Group's Chairman Nimesh Kampani said.

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