JM Financial gains on reporting 34% rise in Q3 consolidated net profit
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JM Financial is currently trading at Rs. 100.10, up by 1.80 points or 1.83% from its previous closing of Rs. 98.30 on the BSE.
The scrip opened at Rs. 101.80 and has touched a high and low of Rs. 103.60 and Rs. 97.95 respectively. So far 370748 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 114.95 on 29-Jan-2024 and a 52 week low of Rs. 57.38 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 111.65 and Rs. 96.60 respectively. The current market cap of the company is Rs. 9583.96 crore.
The promoters holding in the company stood at 56.44%, while Institutions and Non-Institutions held 26.38% and 17.18% respectively.
JM Financial has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 25.57% fall in its net profit at Rs 89.82 crore for the third quarter ended December 31, 2023 as compared to Rs 120.68 crore for the same quarter in the previous year. However, total income of the company increased by 12% at Rs 223.07 crore for Q3FY24 as compared Rs 199.17 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported 33.83% rise in net profit at Rs 321.56 crore for Q3FY24 as compared to Rs 240.27 crore for the same quarter in the previous year. Total income of the company increased by 33.28% at Rs 1260.96 crore for Q3FY24 as compared Rs 946.13 crore for corresponding quarter of the previous year.
