KJMC Financial Services Reports 25.2% Revenue Growth in Q1

KJMC Financial Services Limited has announced strong financial results for the first quarter, showcasing significant growth in both revenue and profitability.

Revenue and Profit Surge

The company reported a total income from operations of Rs. 3,890.96 lakhs for Q1, marking a substantial increase of 25.2% compared to Rs. 3,108.13 lakhs in the same quarter of the previous fiscal year. This robust top-line growth demonstrates KJMC Financial Services' ability to expand its business operations effectively.

Net profit after tax also saw a healthy rise, reaching Rs. 181.63 lakhs, up 15.1% from Rs. 157.84 lakhs in the corresponding quarter of the previous year. This improvement in profitability indicates the company's focus on operational efficiency and cost management.

Earnings Per Share and Financial Position

The company's earnings per share (EPS) improved to Rs. 0.22 in Q1, compared to Rs. 0.19 in the corresponding quarter of the previous year, reflecting the positive impact of increased profitability on shareholder returns.

KJMC Financial Services also reported a strengthened financial position, with reserves (excluding revaluation reserves) growing to Rs. 4,768.16 lakhs from Rs. 3,735.53 lakhs. The equity share capital remained stable at Rs. 1,659.68 lakhs.

Corporate Governance and Transparency

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. In line with regulatory requirements, the results were published in newspapers, demonstrating KJMC Financial Services' commitment to transparency and corporate governance.

Investor Communication

As part of its investor relations efforts, KJMC Financial Services has made its detailed financial results available through stock exchange filings. The company's proactive approach to financial reporting and disclosure aligns with best practices in corporate communication.

The strong Q1 performance positions KJMC Financial Services well for the remainder of the fiscal year, as it continues to focus on growth and value creation for its stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.02%	+1.20%	-5.88%	-13.15%	-21.87%	+1,748.65%

KJMC Financial Services Limited , a non-banking finance company (NBFC), has reported a significant increase in profits for the quarter ended June 30, alongside several key leadership appointments and corporate actions.

Financial Performance

The company's standalone profit after tax for Q1 reached Rs 107.83 crore, more than doubling from Rs 52.31 crore in the same quarter last year. On a consolidated basis, profit after tax rose to Rs 108.27 crore, compared to Rs 56.31 crore year-over-year.

Total income for the quarter increased to Rs 220.88 crore from Rs 161.80 crore in the previous year's corresponding period.

Key Financial Highlights

Particulars (Rs in Lakhs)	Q1 (Standalone)	Q1 (Standalone)	Q1 (Consolidated)	Q1 (Consolidated)
Total Income	220.88	161.80	221.89	168.09
Profit Before Tax	142.46	59.67	143.31	65.32
Profit After Tax	107.83	52.31	108.27	56.31
Earnings Per Share (Rs)	2.25	1.09	2.26	1.18

Leadership Changes and Appointments

The board of directors approved several key appointments:

Chief Financial Officer: Mr. Kartik Konar has been appointed as the new CFO, effective August 08. Mr. Konar brings over 10 years of experience in accounting and taxation.
Secretarial Auditors: M/s Aabid & Co, Company Secretaries, have been appointed for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Statutory Auditors: M/s V.P. Thacker & Co., Chartered Accountants, have been appointed as the new statutory auditors for a five-year term, pending shareholder approval.
Independent Director: Mr. Vijay Joshi has been re-appointed as an Independent Director for a second three-year term, starting September 6, subject to shareholder approval.

Corporate Actions

The 37th AGM is scheduled for September 25, to be held via video conferencing.
The board has approved a proposal to raise funds through Non-Convertible Debentures on a private placement basis, subject to regulatory approvals.
The Audit Committee has been reconstituted with Mr. Vijay Joshi joining as a member.

Outlook

KJMC Financial Services' strong Q1 performance, coupled with strategic leadership appointments, positions the company for continued growth. The proposed fund-raising through NCDs indicates the company's plans for expansion and capitalizing on market opportunities.