Vivriti to raise up to Rs 500 crore via NCD issue
The NCDs will be sold in five series. The tenor of series I and II is 18 months while that of series III, IV and V is 24 months, the firm said in a press briefing on Wednesday. JM Financial is the lead manager of the issue.
JM FINANCIAL LTD.-$ - 523405 - Update On The Disclosures Made By Us On November 5, 2022 And August 5, 2022, Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
We wish to inform you that JM Financial Products Limited, a material subsidiary of the Company, has transferred 10 Equity shares and 3600 Compulsory Convertible Preference Shares of Silveredge Technologies Private Limited to JM Financial India Growth Fund III on August 7, 2023. This is for your records. JM FINANCIAL LTD.-$ - 523405 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Enclosed is the Scrutiniser''s Report and Voting Results in the format prescribed by SEBI Q1FY24 Quarterly Result Announced for JM Financial Ltd.
Holding company JM Financial announced Q1FY24 results: Total income of Rs 1,081.1 crore in Q1FY24 compared to Rs 805.7 crore in Q1FY23, up 34.2% YoY Pre-Provision Operating Profit of Rs 376.5 crore in Q1FY24 compared to Rs 291.4 crore in Q1FY23, up 29.2% YoY Profit before tax of Rs 230.4 crore in Q1FY24 comapred to Rs 259.2 crore in Q1FY23, down 11.1% YoY Net profit after tax and before NCI of Rs 176.6 crore in Q1FY24 vs Rs 198.4 crore in Q1FY23, down 11.0% YoY Commenting on the results and financial performance, Vishal Kampani, Non-executive Vice-Chairman, JM Financial, said, “Equity and debt capital market activities are robust and we have a strong pipeline of transactions. We have witnessed strong traction in the Financial Institutions Financing book on the back of a strong retail credit environment. In the wholesale mortgage lending business, we saw slippages from the Pre Covid-19/DCCO restructured book. The current NPA and SMA 2 portfolio represents the peak of stressed assets. In line with our earlier guidance, we continue to closely monitor these accounts and work on their resolutions. Provisioning requirements are expected to peak in FY24. Depending on the outcome of certain resolutions, we anticipate additional provisioning to be in the range of Rs 100 to Rs 135 crore for the balance of FY24. The balance wholesale mortgage lending book continues to remain strong and we are anticipating repayments. Our pipeline for transactions is robust. We are diversifying our overall loan book mix through our retail mortgage business. Retail mortgage loan book constitutes 20% of overall mortgage lending (wholesale and retail) as of June 30, 2023. We will continue to invest in the retail mortgage business to further diversify the overall loan book. On the distressed and alternative credit business, we continue to face delays in some of our large resolutions. We are consciously diversifying to acquire retail assets. Our investments in Platform AWS businesses are on track. Our digital broking, “BlinkX”, is launched and is gearing up for the next phase of its journey. We announced the first close of our credit opportunities fund with a target deployment of Rs 1,500 crore (inclusive of co-investments). Looking ahead, the stable economic scenario due to the strengthening macroeconomic fundamentals provides strong tailwinds for our diversified businesses.” Result PDF
JM Financial down over 4% after Q1 numbers disappoint
JM Financial's consolidated net profit dropped 11 percent to Rs 176.6 crore from the year-ago quarter. Sequentially, the net profit was down 18.5 percent JM FINANCIAL LTD.-$ - 523405 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Please find enclosed herewith the proceedings of the 38th Annual General Meeting of the Company held on August 3, 2023. JM FINANCIAL LTD.-$ - 523405 - Submission Of Statement Of Utilisation Of Funds With Deviation/Variation, If Any.
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the statement of utilisation of Funds raised by the Company through QIP in June 2020. You may observe from the said statement that there is no deviation/variation in the utilisation of funds raised as aforesaid. We request you to kindly take the above on your records. JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Investor Presentation
In continuation of our letter of even date enclosing therewith the unaudited financial results of the Company for the first quarter ended June 30, 2023, we are enclosing a copy of the Investor Presentations. We request you to kindly take the above on your record and disseminate the same on your website, as you may deem appropriate. JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached Press Release of the Company JM FINANCIAL LTD.-$ - 523405 - Unaudited Standalone And Consolidated Financial Results Of The Company For The First Quarter Ended June 30, 2023.
Please find attached Unaudited Financial Results for the first quarter ended June 30, 2023.