InvestorQ : What is your quick view on the quarterly results of JM Financials for Dec-20 quarter?
Niti Shenoi made post

What is your quick view on the quarterly results of JM Financials for Dec-20 quarter?

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ishika Banerjee answered.
2 months ago
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JM Financial Q3 PAT was up 12.62% at Rs.250 crore on the back of growth in the nascent distressed credit business. However, the overall revenues were marginally down 1.8% at Rs.885 crore. For the Dec-20 quarter, the revenues from investment banking and mortgage lending were lower while revenues from the Distressed Credit business were up nearly 50%.

The profit growth of JM Financials was largely driven by the distressed credit business, which saw pre-tax margins of over 30% in the Dec-20 quarter. That was the major driver for JM Financial in the current quarter when its core businesses came under pressure.

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