Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Company-results/  JM Financial’s Q3 profit up over 41% at Rs168.10 crore
BackBack

JM Financial’s Q3 profit up over 41% at Rs168.10 crore

JM Financial's total income in the third quarter of the current fiscal rose nearly 41% to Rs837.73 crore as against Rs593.97 crore

The average AUM of mutual fund schemes during the quarter ended 31 December 2017 stood at Rs16,633 crore. Photo: BloombergPremium
The average AUM of mutual fund schemes during the quarter ended 31 December 2017 stood at Rs16,633 crore. Photo: Bloomberg

Mumbai: JM Financial on Friday reported a 41.73% rise in consolidated net profit at Rs168.10 crore for the third quarter ended 31 December of 2017-18.

Net profit after tax, minority interest and share of associates stood at Rs118.60 crore in October-December quarter of the 2016-17.

The firm’s total income in the third quarter of the current fiscal rose nearly 41% to Rs837.73 crore as against Rs593.97 crore, the company said in a statement.

The AUM of the company’s wealth management business stood at Rs31,910 crore (excluding custody assets) as on 31 December as compared to Rs22,337 crore in the same period a year-ago.

Under the fund-based of business of the company, the lending book of JM Financial Products stood at Rs7,043 crore as on 31 December, 2017. Out of this corporate credit and structured financing stood at Rs2,766 crore, capital market lending book was Rs2,380 crore and the real estate lending at Rs1,897 crore.

The average AUM of mutual fund schemes during the quarter ended 31 December 2017 stood at Rs16,633 crore. This comprised of Rs11,459 crore in equity schemes and Rs5,174 crore in debt schemes.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 19 Jan 2018, 05:39 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie