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