JM Financial zooms on reporting 2-fold jump in Q1 consolidated net profit
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JM Financial is currently trading at Rs. 105.95, up by 2.15 points or 2.07% from its previous closing of Rs. 103.80 on the BSE.
The scrip opened at Rs. 107.75 and has touched a high and low of Rs. 109.40 and Rs. 105.20 respectively. So far 249160 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 117.55 on 16-Jul-2021 and a 52 week low of Rs. 72.60 on 04-Aug-2020.
Last one week high and low of the scrip stood at Rs. 111.80 and Rs. 102.05 respectively. The current market cap of the company is Rs. 10097.26 crore.
The promoters holding in the company stood at 54.75%, while Institutions and Non-Institutions held 33.55% and 11.71% respectively.
JM Financial has reported results for first quarter ended June 30, 2021.
The company has reported 7- fold jump in its net profit at Rs 75.07 crore for the quarter under review as compared to Rs 10.26 crore for the same quarter in the previous year. Total income of the company reported 5- fold jump at Rs 159.78 crore for Q1FY22 as compared Rs 31.31 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 2-fold jump in its net profit attributable to owners at Rs 203.14 crore for the quarter under review as compared to Rs 93.61 crore for the same quarter in the previous year. Total income of the company increased by 43.62% at Rs 992.55 crore for Q1FY22 as compared Rs 691.11 crore for the corresponding quarter previous year.
