JM Financial surges on reporting rise in Q2 consolidated net profit

JM Financial is currently trading at Rs. 71.80, up by 0.10 points or 0.14% from its previous closing of Rs. 71.70 on the BSE.

JM Financial Mutual Fund
JM Financial Mutual Fund

The scrip opened at Rs. 72.75 and has touched a high and low of Rs. 72.75 and Rs. 71.70 respectively. So far 16770 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 82.55 on 18-Nov-2021 and a 52 week low of Rs. 56.95 on 16-Jun-2022.

Last one week high and low of the scrip stood at Rs. 76.00 and Rs. 71.20 respectively. The current market cap of the company is Rs. 6869.63 crore.

The promoters holding in the company stood at 56.01%, while Institutions and Non-Institutions held 30.42% and 13.57% respectively.

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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