JM Financial Limited posted a strong performance for the quarter ended June 30, 2025, with net profit surging 146.2% year-on-year to Rs 457.58 crore compared to Rs 185.78 crore in the same period last year.
Revenue from operations stood at Rs 1,111.34 crore, up 3.2% from Rs 1,077.05 crore in Q1 FY25. The growth was driven by higher interest income of Rs 489.36 crore, up from Rs 553.73 crore last year, along with improved brokerage income at Rs 154.26 crore versus Rs 152.54 crore and a notable net gain on fair value changes of Rs 211.08 crore compared to Rs 154.54 crore a year ago.
Total expenses declined to Rs 528.67 crore from Rs 848.62 crore a year earlier, aided by lower finance costs and impairment on financial instruments. As a result, profit before tax surged to Rs 592.56 crore, up from Rs 245.25 crore in the previous year.
The company’s earnings per share also saw a substantial improvement, reflecting robust operational efficiency and reduced cost pressures during the quarter.
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