Comments
Financial services company JM Financial reported net profit of ₹ 114 crore for Q2, 18 per cent higher than the year-ago period. Total income stood at ₹ 561 crore in the period, up 41 per cent from the corresponding period last year.
Vishal Kampani, Managing Director, JM Financial Ltd, said, “The Group’s fund based business continued to perform well during the quarter and was the major contributor to the group’s profits. Our loan book was stable with steady NIMs and good asset quality. We continued to cautiously evaluate new opportunities in stressed assets space. We are very focused on growing our ARC business in a profitable manner over near term. It was a good quarter for our Investment banking business as well, as we completed five M&A transactions and continue to grow with a robust deal pipeline with several mandated transactions under execution.”
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.