JM Financial Q4 net profit up 23.25% at Rs 68.66 cr
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The company reported standalone net profit of Rs 68.66 crore for the quarter ended March 31, 2021 as compared to Rs 55.71 crore in the same period last year, registering a year-on-year growth of 23.25 per cent. Net revenue of the company rose substantially by 42.31 per cent at Rs 126.50 crore in January-March quarter of this fiscal as against Rs 88.89 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 88.05 per cent to Rs 35.58 crore from Rs 18.92 crore in year ago period. Other Income grew by 260.00 per cent at Rs 6.48 crore versus (Mar'20 Rs 1.80 crore).
Operating Profit surged by 29.94 per cent to Rs 90.92 crore as against Rs 69.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.70 per cent in March quarter. Interest declined by 4.71 per cent y-o-y to Rs 1.82 crore, while Taxation increased by 114.90 per cent at Rs 23.94 crore (Mar'20 Rs 11.14 crore).
