JMJ Fintech Limited, a prominent non-banking financial institution, has announced a net profit of ₹2.97 crore for the second quarter of the current financial year (July-September), reflecting a strong 159.61% growth compared to the first quarter of the current year and a 77.97% increase compared to the same quarter of the previous financial year.
The company’s half-yearly profit also showed a solid rise, increasing to ₹4.12 crore from ₹3.49 crore in the previous fiscal year, marking an overall 17.85% increase in dividends.
Revenue for Q2 stood at ₹6.31 crore, up 24.32% from the first quarter and a 68.16% increase compared to the same period last year. The company’s half-yearly revenue reached ₹11.39 crore, up from ₹7.45 crore in the previous fiscal year, representing a 52.97% growth.
In terms of assets, the company reported a significant 64.42% increase in loan assets under management, which reached ₹42.26 crore in Q2, compared to the same quarter in the previous year.
Joju Mathathumpady Johnny, the managing director of JMJ Fintech, expressed confidence in the company’s continued strong performance. He attributed the growth to consistent financial results and the loyalty of the company’s investors, which he believes will provide further momentum for the company’s operations moving forward.
Johnny’s remarks underline the company’s strategic focus on maintaining its growth trajectory and enhancing its market position in the coming quarters.
