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JM Financial reports marginal rise in Q2 consolidated net profit

15 Nov 2022 Evaluate

JM Financial reported results for second quarter ended September 30, 2022.

The company has reported fall of 33.72% in its net profit at Rs 84.41 crore for Q2FY23 as compared to Rs 127.35 crore for the corresponding quarter previous year. Total income of the company decreased by 36.18% to Rs 127.68 crore for the quarter under review as compared to Rs 200.05 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 4.24% in its net profit at Rs 237.68 crore for the quarter under review as compared to Rs 228.02 crore for the same quarter in the previous year. However, total income of the company decreased by 9.53% to Rs 877.13 crore for the quarter under review as compared to Rs 969.49 crore for the same quarter in the previous year.

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