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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. ....
May 05, 2021 Vishal Kampani, Group MD, JM Financial - PAUL NORONHA× Strong momentum in investment banking, wealth management and securities business boosts bottomline JM Financial has posted a 35.35 per cent rise in consolidated net profit of ₹176.71 crore for the fourth quarter ended March 31, 2021, compared with ₹130.56 crore recorded during the same period a year ago. The rise was led by continued momentum in its investment banking, wealth management and securities business (IWS) in the quarter. During the quarter under review, the diversified financial services firm recorded a total income of ₹841.13 crore, marginally up from the ₹840.58 crore recorded during the three-month period of the last financial year, it said in a statement. ....
: Wednesday, May 5, 2021, 6:54 PM IST Results: JM Financial reports PAT of Rs 806 crore; board recommends dividend of Re. 0.50 per share Results: JM Financial reports PAT of Rs 806 crore; board recommends dividend of Re. 0.50 per share Financial services JM Financial reported a consolidated income of Rs 841.13 crore in the fourth quarter ending March 31, 2021, a marginal rise. For FY 2021, the company reported a consolidated income of Rs 3,226.63 crore, a decline of 6.57 per cent, from Rs 3,453.55 crore in FY 2020. The companyâs net profit was at Rs 233.34 crore for Q4 2021, a jump of 42.23 per cent compared to Q4 2020. Meanwhile, the consolidated net profit (excluding share in profit of associate) of JM Financialâs was at Rs 806.06 crore in FY 2021, an increase of over 3.60 per cent. ....
Feb 19, 2021, 11:34 AM IST Everyone has something to teach and something to learn. And that is exactly what makes mentoring a beautiful, mutually rewarding relationship. Yuva Unstoppable, the country’s premier non-profit organization founded by Amitabh Shah, nurtures multiple such mentoring relationships. It is on a mission to impact bright yet needy children and youth (world class WASH facilities in govt. schools, digital literacy, scholarships, mentoring, etc.). Under its Educational Scholarships Program, top CEOs have mentored hundreds of Gen Z scholars. Read on to dig into what some of them like Nadir Godrej, Dilip Piramal, Gaurav Gupta, Sai Srinivas Kiran, and Rahul Agarwal to name a few, had to share with Yuva Unstoppable s young minds. ....
Company s gross non-performing assets (NPAs) and net NPAs stood at 1.79 percent and 1.16 percent respectively at end-December compared to 1.56 percent and 1.35 percent by December 2019.