JM Financial’s board of directors has recommended a dividend of 270% of Rs 2.70 per equity share for the financial year 2024-25. However, the dividend payout is subject to the shareholders’ approval at the Annual General Meeting.
The share price of JM Financial Services rallied 10% to an intra-day high of Rs 116.43 on the National Stock Exchange, before coming off highs to trade at Rs 110.41, up 4.36%.
The company recommended a dividend along with its quarterly earnings.
JM Financial Q4 results
The investment banking firm’s standalone profit after tax (PAT) jumped fivefold year-on-year to Rs 134.55 crore in the fourth quarter of the financial year 2024-25, compared to Rs 27.47 crore posted in the same period a year ago. Its revenue from operations for the quarter under review stood at Rs 251.89 crore in Q4 FY25 as against Rs 191.01 crore reported in the same quarter of the last fiscal year.
“The pipeline of capital market and M&A transactions continues to remain strong. We continue to build and scale our wealth and asset management businesses. We have increased our shareholding in JM Financial Credit Solutions Limited to 97% from 47%,” said Vishal Kampani, Vice Chairman and Managing Director at JM Financial.
JM Financial Q3 results
The company announced a decline of 21.5% YoY in net profit at Rs 70.5 crore for the third quarter of the financial year 2024-25. It posted a net profit of Rs 89.8 crore in Q3FY25. The company’s revenue from operations dropped 3.8% YoY to Rs 209.2 crore as against Rs 217.5 crore in the corresponding period of the previous fiscal.
JM Financial’s stock performance
The share price of JM Financial has risen 12% in the last five trading sessions. The stock price of the financial services company has increased by 13% in the past one month. However, it has fallen 15% in the last six months. JM Financial has given a return of 38% in the previous one year.