Q1 2025 JM Financial Ltd Earnings Call Transcript
Key Points
- Consolidated revenues increased by 1% year-on-year, reaching INR1,094 crore.
- Profit after tax increased by 3% year-on-year, from INR166 crore to INR171 crore.
- Retail mortgage loan book saw a significant increase of 61% year-on-year, from INR2,033 crore to INR3,267 crore.
- Assets under management in the wealth management and distribution business crossed INR1 lakh crore.
- The mutual fund business achieved a milestone of INR10,000 crore in AUM, with INR7,500 crore in equity.
- The rest of the loan book declined by 37% year-on-year, from INR13,858 crore to INR8,666 crore.
- Disbursals in the home finance business were down by 30% year-on-year and 75% quarter-on-quarter.
- Incremental cost of funds for JM Financial Home Loans increased to 9%.
- Net NPA in JM Financial Credit Solutions stood at 3.4%, with unresolved projects still undergoing resolution.
- Significant investments in AMC and digital businesses, around INR50 crore per quarter, may impact short-term profitability.
Ladies and gentlemen. Good day and welcome to the earnings conference call for JM Financial Limited. (Operator Instructions) Kindly note that any forward-looking statements made on this call are based on management's current expectations.
However, the actual results may vary significantly and therefore, the accuracy and completeness of this expectation cannot be guarrenteed. Please note that this conference is being recorded. I now hand the conference over to Mr. Vishal Kampani. Thank you, and over to you, sir.
Thank you. On behalf of JM Financial. We extend a very warm welcome to all of you to the earnings conference call to discuss our financial results for the first quarter ended June 2024. We have uploaded our results update presentation, press release on the website and stock exchanges. I hope you have had a chance to go through the same.
On the call, we also have Mr. Chirag Negandhi, Managing Director, JM Financial Limited, Ms. Sonia Dasgupta, Managing Director
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
