Earnings Review
JM Fincl posts INR 2.1-bln consol net profit vs loss yr ago
This story was originally published at 21:45 IST on 12 May 2025
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--JM Fincl Jan-Mar consol net profit INR 2.10 bln vs INR 2.29 bln loss yr ago
--JM Fincl Jan-Mar consol revenue INR 10.04 bln vs INR 12.61 bln year ago
--JM Fincl to pay INR 2.70 per share dividend for FY25
--JM Fincl FY25 consol net profit INR 8.21 bln vs INR 4.10 bln year ago
--JM Fincl FY25 consol revenue INR 43.78 bln vs INR 47.61 bln year ago
By Ashna Mariam George
MUMBAI – JM Financial Ltd. reported a consolidated net profit of INR 2.10 billion for the quarter ended March, against a net loss of INR 2.29 billion a year ago, due to a fall in total expenditure. The company had suffered a net loss in the year-ago quarter due to an exceptional expense incurred on account of its subsidiary JM Financial Asset Reconstruction Co. Ltd. The company spent INR 8.47 billion due to the fair value loss and impairment provision for the asset reconstruction arm.
The company's total expenditure fell nearly 29% on year to INR 7.16 billion in Jan-Mar. A 26% fall in the company's tax outgo to INR 764.10 million also boosted its bottom line for the March quarter.
JM Financial's consolidated revenue from operations for Jan-Mar fell over 20% on year to INR 10.04 billion. Its total income fell 20% on year to INR 10.27 billion. The company's loan book across wholesale real estate, financial institutions and micro, small, and medium enterprises was INR 35.70 billion as on Mar. 31, lower than INR 75.29 billion a year ago.
For the financial year 2024-25 (Apr-Mar), the company's consolidated net profit more than doubled to INR 8.21 billion but revenue fell over 8% to INR 43.78 billion. The company declared a dividend of INR 2.70 per share for FY25. Shares of the company Monday ended nearly 6% higher at INR 105.80 on the National Stock Exchange. The results were announced after market hours.
In a press release, the company said it had increased its shareholding in JM Financial Credit Solutions Ltd. to 97.02% from 46.68% for a total consideration of INR 15.01 billion and consolidated its distressed credit business. End
Edited by Ashish Shirke
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