A non-banking financial institution JMJ Fintech Ltd has posted significant profit growth for the second quarter of the 2024-25 financial year. The company reported a profit of Rs 1.67 crore for the July-September period, marking a 262% increase compared to the same quarter last year.
For the first half of the financial year, JMJ Fintech's profit reached Rs 3.49 crore, reflecting a 437% growth over the same period in the previous financial year.
Gross revenue for the second quarter stood at Rs 3.74 crore, up 1% from the previous quarter and 154% higher than the corresponding quarter of the previous fiscal year. The company’s half-yearly gross revenue amounted to Rs 7.43 crore, an increase of 229% compared to the first half of FY 2023-24.
Total loans under management at the end of the quarter were Rs 25.70 crore, showing a 41% growth compared to the same quarter last year.
The company has also seen positive movement in the stock market, contributing to its overall strong performance for FY 2024-25.
In a statement, JMJ Fintech's Managing Director, Joju Madathumpadi Johny, confirmed that the company plans to open additional branches in South India in the next quarter.