March 28, 2024 15:39 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Delhi High Court rejects PIL seeking removal of Arvind Kejriwal as CM | MHA extends AFSPA in 3 districts of Arunachal Pradesh for 6 months | Encourage fair, transparent and legal process: US comments again on Kejriwal's arrest | India and China discuss border disengagement: EAM | Indian External Affairs Minister S Jaishankar discusses defence, trade while interacting with Malaysian leaders

JM Financial's consolidated profit up by 21 per cent in FY 2016

India Blooms News Service | | 13 May 2016, 04:15 pm
Mumbai, May 13 (IBNS) JM Financial Ltd, which reported its fourth quarter (Q4) and full year 2016 results on Friday, said that its FY 16 consolidated revenue was up by 20 per cent to Rs.1,685 crore and consolidated profit up by 21 per cent to Rs. 400 crore.

Commenting on the results and financial performance, Nimesh Kampani, Chairman, JM Financial Group, said, “ Looking at the performance for the full year, the fund based businesses and asset management business have done reasonably well. It reflects our ongoing strategy to build platforms for growth while continuing focus on maintaining leadership in the advisory business. We also remain focused on maintaining prudent risk profile and building on our core values. As we enter into the next financial year, while our priorities remain the same with an addition of focus to leverage on evolving opportunities in technology backed platforms that can be complementary to our businesses.”

In Q4, the company posted Rs 113.74 crore in net profit after tax, minority interest and share of associates compared to Rs 92.96 crore in the same quarter a year ago. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.