/ JM Financial Ltd's Q3FY17 Consolidated Net Profit Rises 0.9% Yoy To Rs.118 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 23 January 2017

JM Financial Ltd Q3FY17 result was below market estimates. Revenue stood at Rs.593 cr vs. analyst expectation of Rs 596 cr. PAT stood at Rs 118 cr vs. the poll of Rs. 126 cr. The consolidated revenue of the company grew by 39.5% to Rs 593 cr yoy. This was led by pickup in fund based activity business and investment banking and securities business. Fund based business grew by 47% yoy whereas; investment banking grew by 36% yoy. The company derives 57% of revenue from fund based business and 26% from investment banking business.

Loan book stood at Rs 8,990 cr (real estate+ corporate & capital markets) vs. Rs 6,550 cr in the corresponding quarter last year

The consolidated net profit grew only 0.9% yoy to Rs 118 cr against Rs 117 cr in Q3FY17 due to increase in finance cost by 48% yoy.

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