KJMC Financial Services Reports 25.2% Revenue Growth in Q1
KJMC Financial Services Limited announced robust Q1 financial results. Total income from operations increased by 25.2% to Rs. 3,890.96 lakhs. Net profit after tax rose by 15.1% to Rs. 181.63 lakhs. Earnings per share improved to Rs. 0.22. The company's reserves grew to Rs. 4,768.16 lakhs, while equity share capital remained at Rs. 1,659.68 lakhs. The results were reviewed by the Audit Committee and approved by the Board of Directors.
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.