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JM Financial ARC plans recoveries worth Rs 1,000 cr in 18 months

Company added Rs 600 crore in assets in six months, as it makes recoveries from acquisitions earlier

stressed assets
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Illustration: Ajay Mohanty

Abhijit Lele Mumbai
JM Asset Reconstruction Company Ltd (ARC) plans to make collections worth Rs 1,000 crore through recoveries from stressed assets in the next 18 months and get back to growth after that.

The company added Rs 600 crore in assets in the last six months, but is still making recoveries from earlier acquisitions.

ARC also acquired some retail stressed loan portfolios, said JM Financial group officials in an analyst call. The company’s assets under management (AUM) stood at Rs 11,349 crore as of September 30, compared to Rs 11,405 crore at the end of June 2022 and Rs 10, 687 crore a year

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First Published: Nov 22 2022 | 8:29 PM IST

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