MUMBAI JM Financial has posted a 56% rise in consolidated net profit to Rs 92.96 crore during the fourth quarter due to strong performance from lending and advisory businesses. “JM Financial has posted strong financial performance and has continued its trend of delivering sustained growth. Our focus on advisory business and lending in specific segments has helped increase the revenue and profits,“ said Nimesh Kampani, chairman, JM Financial. Total income for the quarter rose 54% to Rs 392.86 crore. Profit before tax increased 123% to Rs 158.45 crore. The Mumbai-based financial services company posted a 58% increase in net profit to 330.52 crore during the year ended March 31, 2015. Total income for the year stood at Rs 1,403 crore an increase of 39%. Profit before tax increased 85% to Rs 516.91 crore from Rs 280.16 crore.
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