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JM Financial report 7% rise in Q2 consolidated net profit

28 Oct 2020 Evaluate

JM Financial has reported results for second quarter ended September 30, 2020.

The company has reported 38.23% rise in its net profit at Rs 67.76 crore for the quarter under review as compared to net profit of Rs 49.02 crore for the same quarter in the previous year. Total income of the company increased by 34.30% at Rs 131.51 crore for Q2FY21 as compared Rs 97.92 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a marginal rise of 7.31% in its net profit attributed to owners at Rs 139.06 crore for the quarter under review as compared to net profit of Rs 129.59 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 5.67% at Rs 803.40 crore for Q2FY21 as compared Rs 851.39 crore for the corresponding quarter previous year.

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