KJMC Financial Services Reports Strong Q1 Performance, Announces Key Leadership Changes

1 min read Updated on 08 Aug 2025, 09:33 PM

Reviewed by

Radhika SahaniScanX News Team

Overview

KJMC Financial Services Limited reported a significant increase in profits for Q1 ended June 30. Standalone profit after tax reached Rs 107.83 crore, up from Rs 52.31 crore year-over-year. Consolidated profit after tax rose to Rs 108.27 crore. Total income increased to Rs 220.88 crore. The company made several key appointments including Kartik Konar as CFO, M/s Aabid & Co as Secretarial Auditors, and M/s V.P. Thacker & Co as Statutory Auditors. Vijay Joshi was re-appointed as an Independent Director. The board approved a proposal to raise funds through Non-Convertible Debentures and scheduled the 37th AGM for September 25.

*this image is generated using AI for illustrative purposes only.

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.

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