Financial services firm JM Financial today reported a 22 per cent rise in net profit at Rs 113.74 crore for the March quarter, backed by steady performance of its fund-based and asset management businesses.
The company's net profit during the January-March period of 2014-15 stood at Rs 92.96 crore.
However, the Rs 113.74 crore profit registered in the fourth quarter is nearly 3 per cent lower than the profit of Rs 117 crore reported in the preceding December quarter.
"We delivered sound results this year as well. Looking at the performance for the full year, the fund-based businesses and asset management business have done reasonably well," JM Financial Group Chairman Nimesh Kampani said in a statement.
"It reflects our ongoing strategy to build platforms for growth while continuing focus on maintaining leadership in the advisory business," he said.
According to Kampani, "The company would additionally focus to leverage on evolving opportunities in technology-backed platforms that can be complementary to our businesses, during the current fiscal."
JM Financial's consolidated revenue rose 21 per cent to Rs 474.55 crore during the fourth quarter, the company said.
The company's overall lending book stood at Rs 7,214 crore as on March 31, 2016, as against Rs 5,388 crore in the same period a year ago.
"Out of the total lending book, the real estate lending was Rs 5,629 crore, whereas the non-real estate lending stood at Rs 1,586 crore," the company said.
"The treasury book as on March 31, 2016 for the fixed income securities stood at Rs 257 crore," it said.
Moreover, the assets under its wealth management business stood at over Rs 26,958 crore as on March 31, 2016, the company said.
At the end of the quarter, the combined AUM/AUA of the firm's private equity and real estate funds stood at around Rs 770 crore, it further said.
The average AUM of our mutual fund schemes during the quarter ended March 31, 2016 stood at Rs 16,161 crore, it added.
