JM Financial Q4 net profit down 21.89% at Rs 53.63 cr
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The company reported standalone net profit of Rs 53.63 crore for the quarter ended March 31, 2022 as compared to Rs 68.66 crore in the same period last year, registering a year-on-year decline of 21.89 per cent. Net revenue of the company declined substantially by 22.85 per cent at Rs 97.60 crore in January-March quarter of this fiscal as against Rs 126.50 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 24.93 per cent to Rs 26.71 crore from Rs 35.58 crore in year ago period.
Other Income dipped by 25.15 per cent at Rs 4.85 crore versus (Mar'21 Rs 6.48 crore). Operating Profit slipped by 22.03 per cent to Rs 70.89 crore as against Rs 90.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.06 per cent in March quarter. Interest declined by 9.34 per cent y-o-y to Rs 1.65 crore, while Taxation decreased by 24.73 per cent at Rs 18.02 crore (Mar'21 Rs 23.94 crore).
