JM Financial reported a 24 per cent year-on-year (yoy) increase in second quarter consolidated net profit at ₹228 crore against ₹184 crore in the year-ago period. The consolidated results include results from four business segments – Investment Bank, Mortgage Lending, Alternative & Distressed Credit and Asset Management, Wealth Management & Securities Business. Revenue from operations, including interest income, fees and commission income, brokerage income and net gain on fair value changes, was up 20 per cent y-o-y at ₹962 crore (₹801 crore in the year ago period).
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.