JM Financial posts ₹118.60 cr net

Diversified financial services group JM Financial reported near-flat profit growth for the December 2016 quarter at ₹118.60 crore, up 1.28 per cent from ₹117.11 crore in the corresponding quarter of the previous year. Total income, over the same period, rose 39.43 per cent to ₹593.97 crore in the December quarter. Among its primary businesses, the lending book of JM Financial Products stood at ₹4,088 crore as on December 31, 2016. During the quarter, the asset reconstruction business concluded four deals with one fresh acquisition and three deals as part of the debt aggregation process. The board declared an interim dividend of ₹0.65 a share of ₹1 face value.