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JM Financial Shares Surge 5% After March Quarter Earnings Shares of JM Financial rose as much as 5.4 per cent to hit an intraday high of Rs 84.85 after it reported March quarter earnings. Updated: May 06, 2021 1:46 pm IST Shares of JM Financial rose as much as 5.4 per cent to hit an intraday high of Rs 84.85 after it reported March quarter earnings. JM Financial s net profit in March quarter rose 35 per cent to Rs 178.74 crore from Rs 136.81 crore during the same quarter last year. JM Financial s revenue from interest income declined 10 per cent to Rs 478.09 on an annual basis. During the quarter, JM Financial acted as an arranger to the private placement of non-convertible debentures (NCDs) of diversified public sector companies like IRFC and IOCL worth Rs 4,300 crore and also arranged NCDs in the form of Basel III compliant Additional Tier I bonds of Union Bank of India and Bank of Baroda worh Rs 2,000 crore, the company said in a press release.

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