Shares of JM Financial were up over 4% at Rs 57 after consolidated net profit for the quarter ended December 2014 jumped 97% to Rs 870 crore compared with Rs 442 crore in the same quarter last fiscal.
Total income for the quarter rose 66% to Rs 366 crore compared with Rs 221 crore in the quarter ended December 2013.
The board has declared an interim dividend of Re. 0.55 per share of face value Re 1/- each for the financial year 2014-15, the company said in a release adding that February 7, 2015 has been fixed as the record date for the purpose of payment of interim dividend.
The stock opened at Rs 56.70 and touched a high of Rs 58.45 on the BSE. At 11:10AM, over 3.7 million shares were traded on both the stock exchanges.
