JM Financial Products Limited has announced its unaudited financial results for the quarter ending December 31, 2024 (Q3 FY25), revealing a significant drop in revenue and profitability compared to the same period last year.
Key Financial Highlights (Q3 FY25):
- Total Revenue:
₹179.02 crore, a decline of 31.3% from ₹260.45 crore in Q3 FY24.- Revenue from operations stood at ₹179.02 crore, down from ₹260.45 crore in the corresponding quarter last year.
- Net Profit (PAT):
₹58.21 crore, a decrease of 32.2% from ₹85.86 crore YoY. - Profit Before Tax (PBT):
₹77.26 crore, a drop of 22.4% from ₹99.58 crore YoY. - Total Expenses:
₹102.82 crore, a reduction from ₹161.45 crore in Q3 FY24, reflecting effective cost control measures.- Key contributors include:
- Finance costs: ₹70.26 crore, down from ₹111.60 crore YoY.
- Employee benefits expense: ₹15.23 crore, a decline from ₹40.24 crore YoY.
- Key contributors include:
Nine-Month FY25 Performance (April-December 2024):
- Total Revenue:
₹627.33 crore, down from ₹799.48 crore YoY. - Net Profit (PAT):
₹171.13 crore, a decrease of 31.1% from ₹248.22 crore YoY.
Operational Insights:
- Revenue Composition:
- Interest income: ₹76.25 crore in Q3 FY25, compared to ₹165.96 crore in Q3 FY24.
- Fees and commission income rose to ₹18.89 crore from ₹14.02 crore YoY.
- Cost Management:
Operating and other expenses were controlled at ₹7.24 crore, compared to ₹9.75 crore in Q3 FY24.
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