JM Financial group net jumps 25.2% at Rs 189 cr

JM Financial group today reported a 25.2 per cent growth in consolidated net profit at Rs 188.80 crore for the March quarter on healthy revenue growth driven by credit business and brokerage & fund management verticals.

For the reporting quarter, the consolidated income stood at Rs 932.63 crore, which is growth of 28.65 per cent over the previous year, JM Financial said in a statement.

For the full year to March 2018, the city-based diversified financial services player reported a 24.2 per cent growth in net profit at Rs 630.92 crore, on a 37.11 per cent jump in consolidated revenue at Rs 3,234.89 crore.

Commenting on the financial performance, Vishal Kampani, group managing director said, "This is the highest ever yearly and quarterly operating profit."