JM Financial Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board of JM Financial Limited has approved the financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹780.77 crore, with a profit before tax of ₹397.02 crore and a net profit of ₹404.19 crore. The results include exceptional items primarily related to the impairment on subsidiary investments. The board also noted ongoing transactions for the acquisition of a 42.99% stake in JM Financial Credit Solutions Limited and a sale of a 71.79% stake in JM Financial Asset Reconstruction Company Limited, which are pending regulatory approvals.