Mumbai, May 13 JM Financial Ltd, which reported its fourth quarter (Q4) and full year 2016 results on Friday, said that its FY 16 consolidated revenue was up by 20 per cent to Rs.1,685 crore and consolidated profit up by 21 per cent to Rs. 400 crore.
Commenting on the results and financial performance, Nimesh Kampani, Chairman, JM Financial Group, said, “ Looking at the performance for the full year, the fund based businesses and asset management business have done reasonably well. It reflects our ongoing strategy to build platforms for growth while continuing focus on maintaining leadership in the advisory business. We also remain focused on maintaining prudent risk profile and building on our core values. As we enter into the next financial year, while our priorities remain the same with an addition of focus to leverage on evolving opportunities in technology backed platforms that can be complementary to our businesses.”
In Q4, the company posted Rs 113.74 crore in net profit after tax, minority interest and share of associates compared to Rs 92.96 crore in the same quarter a year ago.