JM Financial's Q3 net profit jumps 46% to Rs 278 crore
In a statement, the company said both its topline at Rs 1,261 crore, which is more than 33 per cent over the same period last fiscal, and the bottomline at Rs 278 crore are the highest quarterly numbers.
JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed copy of Investor Presentation JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Please find enclosed intimation of allotment of equity shares upon exercise of stock options by the eligible employees JM FINANCIAL LTD.-$ - 523405 - Submission Of Statement Of Utilisation Of Funds With Deviation/Variation, If Any
Please find enclosed the Statement of Utilisation of funds raised through QIP in June 2020, for the quarter ended December 31, 2023. Q3FY24 Quarterly Result Announced for JM Financial Ltd.
Holding company JM Financial announced Q3FY24 results: Financial Highlights: - JM Financial reported its highest quarterly revenue and operating profit, with a YoY increase of 33% and 46% respectively in Q3FY24. - Revenue for Q3FY24 stood at Rs 1,261 crore, and PAT (Profit After Tax) was at Rs 278 crore. - The Pre-Provision Operating Profit and Net Profit After Tax (including NCI*) saw a significant YoY increase. - The Company's total income rose to Rs 1,261 crore in Q3FY24 from Rs 946 crore in Q3FY23, marking a 33% increase. - Profit before tax increased from Rs 322 crore in Q3FY23 to Rs 417 crore in Q3FY24, a 30% rise. - Net profit after tax and before NCI jumped 46% to Rs 278 crore in Q3FY24 from Rs 190 crore in Q3FY23. Loan Book and Asset Quality: - The loan book stood at Rs 15,111 crore as of December 31, 2023, a decrease from Rs 15,808 crore as of September 30, 2023. - Gross NPA was at 4.5% and Net NPA at 2.2% as of December 31, 2023. - SMA-2 and Net NPA + SMA 2 were reported at 2.0% and 4.2% respectively. - The total provision to loan book ratio was 3.3%. - The consolidated net worth of the Company was Rs 8,643 crore. Segment Performance: - Integrated Investment Bank achieved a strong performance with a high ROE in the high teens. - The Retail Mortgage Lending segment expanded its branches and loan book significantly with a YoY increase of 49% to Rs 1,759 crore. - In Asset Management, Wealth Management, and Securities, the average daily turnover increased by 50% YoY, and the SEBI Margin Trade Financing book grew more than two times. - JM Financial Asset Reconstruction Company's AUM stood at Rs 15,059 crore, a YoY increase of 36%. Earnings Per Share (EPS) and Book Value: - The EPS was Rs 2.9 for the quarter ended December 31, 2023. - The Book Value Per Share (BVPS) increased to Rs 90.5. - Debt to equity ratio was maintained at 1.5x. - Cash and cash equivalents amounted to Rs 2,847 crore as of December 31, 2023. Commenting on the results and financial performance, Vishal Kampani, Non-executive Vice Chairman of JM Financial, remarked, “The Indian economy has been showing resilience driven by strong fundamentals. Banks and NBFCs are broadening credit expansion and penetration, thanks to healthy balance sheets, capital adequacy, and improved asset quality. Equity markets are demonstrating heightened activity levels with a strong IPO rally. We are happy to report our highest-ever quarterly revenues and operating profit after tax. Our Integrated Investment Bank segment saw continued momentum. In CY2023, JM Financial ranked #1 for the highest number of IPOs executed. The retail mortgage lending segment has demonstrated strong growth and has expanded to 112 branches. Our investments will continue in the retail mortgage business as we continue to diversify our loan book. We witnessed strong repayments in our wholesale mortgage lending segment. On the alternative and distressed credit business, we continue to face delays in some of our large resolutions. Due to the delay, we further expect a lower-than-expected realization of these assets over the next few quarters. We continue to invest in the physical and digital infrastructure of the Platform AWS businesses. The closing AUM of our mutual fund business crossed Rs 5,000 crore in January 2024 with an equity AUM of Rs 2,928 crore. We have witnessed strong growth in trading volumes for the broking business and strong traction in the SEBI MTF book. Looking ahead, although the global economy is expecting muted growth, the Indian economy is likely to maintain its growth momentum on the back of upward corporate profitability and consumer confidence. We maintain a bullish outlook for our integrated Investment Bank, retail mortgage, and platform AWS businesses and are aligning our strategic approach and resources to capitalize on the conducive market environment.” Result PDF JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed a copy of the Press Release issued by the Company JM FINANCIAL LTD.-$ - 523405 - Unaudited Financial Results For The Third Quarter And Nine Months Ended December 31, 2023
Please find enclosed Outcome of Board Meeting along with the Unaudited Financial Results JM FINANCIAL LTD.-$ - 523405 - Board Meeting Outcome for Outcome Of The Board Meeting
Please find enclosed Outcome of the Board Meeting with copy of financial results for the quarter ended December 31, 2023 JM FINANCIAL LTD.-$ - 523405 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(5) of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we are furnishing herewith the details of loss of share certificate covering 2500 equity shares of the Company by the shareholder mentioned below Folio No - 056392 Name - Anupamlal Amarchand Shah(deceased) Jt. Arvind Anupamlal Shah Certificate No- 1705 and 3543 No of shares - 1000 and 1500 Distinctive Nos- 298889251 to 298890250 , 748246876 to 748248375 A copy of email received from the Registrar and Transfer Agents, KFin Technologies Limited reporting loss of share certificates is attached. JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Acquisition
We wish to inform you that the Allotment Committee of the Board of JM Financial Services Limited, a wholly owned subsidiary of the Company, has allotted 1,63,25,000 equity shares of face value of Rs. 10/- each for cash at a premium of Rs. 88/- per share, consequent upon the application for the equivalent number of shares made by the Company in their rights issue. Detailed disclosure is attached.