The organization’s net income for the duration of the January-March period of 2014-15 stood at Rs2.ninety six crore. photograph:Ramesh Pathania/Mint
Mumbai: financial offerings company JM economic on Friday suggested a 22% rise in net income at Rs.113.74 crore for the March quarter, backed by using regular overall performance of its fund-primarily based and asset control groups.
The company’s net income at some point of the January-March period of 2014-15 stood at Rs.92.ninety six crore.
however, the Rs.113.seventy four crore income registered in the fourth sector is nearly 3% decrease than the income of Rs.117 crore said in the preceding December region.
“We added sound outcomes this yr as well. looking on the performance for the full yr, the fund-basedbusinesses and asset management business have executed moderately properly,” JM monetaryorganization chairman Nimesh Kampani said in a declaration.
“It displays our ongoing method to construct platforms for increase while persevering with awarenesson maintaining leadership in the advisory enterprise,” he said.
consistent with Kampani, “The employer would additionally focus to leverage on evolving possibilities intechnology–backed platforms that may be complementary to our businesses, at some stage in thecontemporary fiscal.”
JM financial’s consolidated revenue rose 21% to Rs.474.55 crore for the duration of the fourth region, thecompany said.
The business enterprise’s standard lending ebook stood at Rs.7,214 crore as on 31 March, 2016, as in opposition to Rs.5,388 crore within the equal period a 12 months ago.
“Out of the total lending ebook, the actual property lending become Rs.5,629 crore, while the non-actualproperty lending stood at Rs.1,586 crore,” the corporation said.
“The treasury e-book as on 31 March, 2016 for the constant earnings securities stood at Rs.257 crore,” itstated.
moreover, the belongings under its wealth control business stood at over Rs.26,958 crore as on 31 March, 2016, the agency stated.
at the quit of the area, the blended AUM/AUA of the company’s personal fairness and actual estate price range stood at around Rs.770 crore, it similarly stated.
The common AUM of our mutual fund schemes during the quarter ended 31 March, 2016 stood at Rs.sixteen,161 crore, it added.
