logo
JMJ Fintech standalone net profit rises 43.48% in the March 2025 quarter

JMJ Fintech standalone net profit rises 43.48% in the March 2025 quarter

Sales rise 98.38% to Rs 6.11 crore
Net profit of JMJ Fintech rose 43.48% to Rs 0.66 crore in the quarter ended March 2025 as against Rs 0.46 crore during the previous quarter ended March 2024. Sales rose 98.38% to Rs 6.11 crore in the quarter ended March 2025 as against Rs 3.08 crore during the previous quarter ended March 2024.
For the full year,net profit rose 141.59% to Rs 5.17 crore in the year ended March 2025 as against Rs 2.14 crore during the previous year ended March 2024. Sales rose 129.49% to Rs 17.12 crore in the year ended March 2025 as against Rs 7.46 crore during the previous year ended March 2024.
Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 6.113.08 98 17.127.46 129 OPM % 63.9969.48 - 65.8365.55 - PBDT 3.401.83 86 9.704.04 140 PBT 3.331.65 102 9.463.86 145 NP 0.660.46 43 5.172.14 142

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Vishal Mega Mart Shares Slide 7% As Promoters Offload Stake Worth Rs 10,488 Cr Via Block Deal
Vishal Mega Mart Shares Slide 7% As Promoters Offload Stake Worth Rs 10,488 Cr Via Block Deal

News18

time14 minutes ago

  • News18

Vishal Mega Mart Shares Slide 7% As Promoters Offload Stake Worth Rs 10,488 Cr Via Block Deal

Last Updated: Shares of Vishal Mega Mart Ltd. declined as much as 7.5% on Tuesday, June 17, following a massive block trade Vishal Mega Mart Share Price: Shares of Vishal Mega Mart Ltd. declined as much as 7.5% on Tuesday, June 17, following a massive block trade valued at nearly Rs 11,000 crore. A total of 93.58 crore shares—equivalent to 20% of the company's outstanding equity—changed hands in the transaction. The shares were exchanged at an average price of Rs 115 apiece, taking the total deal value to Rs 10,488 crore. The identities of the buyers and sellers involved in the transaction remain undisclosed. The development comes a day after CNBC-TV18 reported that Samayat Services LLP, the promoter entity of Vishal Mega Mart, was planning to sell up to 10% stake through a block deal. Samayat is an investment vehicle of global private equity firms Partners Group and Kedaara Capital. While the initial size of the deal was pegged at over Rs 5,000 crore, it was upsized to around Rs 9,900 crore on Tuesday morning. As of the March 2025 quarter, Samayat Services held a 74.55% stake in the company. Interestingly, the large share sale took place just a day after the end of the lock-in period for the company's pre-IPO shareholders. With the expiry of the lock-in, about 256.2 crore shares—representing 56% of Vishal Mega Mart's equity—became eligible for trade, unlocking shares worth over Rs 30,000 crore. Vishal Mega Mart was listed on the stock exchanges in December 2024. As of Monday's close, the stock had rallied nearly 70% from its IPO issue price of Rs 78. First Published: June 17, 2025, 09:36 IST

Bombay high court rejects discharge plea of teacher accused in Rs 295 crore SBI loan fraud case
Bombay high court rejects discharge plea of teacher accused in Rs 295 crore SBI loan fraud case

Time of India

time15 minutes ago

  • Time of India

Bombay high court rejects discharge plea of teacher accused in Rs 295 crore SBI loan fraud case

MUMBAI: The Bombay high court rejected the discharge application of Kanchan Satpute, a Pune-based teacher and wife of the prime accused, Anil Satpute, in a money laundering case involving M/s Duplex Industries Ltd. The case, amounting to Rs 295 crore, was registered by the CBI ACB after it was argued that funds were allegedly routed to Kanchan's personal account or withdrawn in cash. The high court Judge, Madhav Jamdar, while rejecting Kanchan's discharge application, stated that there was enough material on record from witness statements and documentary evidence to proceed against her. The court upheld a Special CBI Judge's earlier order refusing to discharge her from the case. She faced charges under Sections 120-B and 420 of the Indian Penal Code and Section 13(2) read with 13(1)(d) of the Prevention of Corruption Act. Amit Munde, special counsel for the CBI, argued before the court that the accused, Kanchan, was a personal guarantor to the assets of her husband for the bank loan and that economic offences posed a serious threat to public money. Kanchan, who was also a film producer, was accused of actively participating in the alleged diversion and laundering of funds sanctioned as loans by the State Bank of India (SBI) to M/s Duplex Industries Ltd. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo between 2009 and 2013. According to the CBI, her proprietorship concern, Nishad Audio Visuals, received approximately Rs 5.08 crore in diverted bank funds through a complex web of transactions involving other entities, including R.K. Enterprises. The CBI's forensic audit revealed that large sums were transferred from M/s Duplex Industries Ltd. to R.K. Enterprises, which subsequently moved Rs 1.75 crore to Nishad Audio Visuals. From there, the funds were allegedly routed to Kanchan Satpute's personal account or withdrawn in cash. Forensic auditors identified the transactions as deliberate acts of fund diversion. Representing Satpute, Advocate Sagar Tilak argued that Satpute was being implicated solely because she was the wife of the main accused, Anil Satpute. He maintained that the funds received by her company were loan repayments from M/s Duplex Industries Ltd., in which her husband and father-in-law were directors. The defence also claimed that the funds extended to the company were legitimate loans totalling Rs 1.99 crore. However, Justice Jamdar dismissed these claims, observing that there was no credible evidence demonstrating that Kanchan possessed the financial capacity to lend such large sums. The court noted that the CBI's investigation revealed a pattern of fund movement and withdrawals that supported allegations of criminal conspiracy and fraud.

CM announces Rs 558 crore welfare, key infra projects for Thanjavur including Rs 170 crore paddy warehouse
CM announces Rs 558 crore welfare, key infra projects for Thanjavur including Rs 170 crore paddy warehouse

New Indian Express

time16 minutes ago

  • New Indian Express

CM announces Rs 558 crore welfare, key infra projects for Thanjavur including Rs 170 crore paddy warehouse

THANJAVUR: Chief Minister M K Stalin announced a slew of new infrastructure projects for Thanjavur on Monday. These include construction of a bridge at a cost of Rs 42 crore at the Vettaru-Vadavaru River Head (VVR head) in Thenperambur village. The other schemes announced by the CM include widening of the Grand Anaicut canal road between Eachangkottai and Vettikkadu at a cost of Rs 40 crore and the renovation of the Uyyakondan extension canal that passes through several villages in Budalur taluk, at a cost of Rs 15 crore. The other major announcements made at the meeting included a new warehouse for paddy at a cost of Rs 170 crore at Naduvur and creation of SIPCOT industrial estates at Palayappati and Rajamadam. The chief minister also said the work will begin shortly for a fishing jetty for the benefit of Eripurakkarai, Keezhathottam to be constructed at a cost of Rs 32 crore. Earlier, the chief minister inaugurated new buildings constructed at a total cost of Rs 326 crore. He also laid foundation stones for new projects worth Rs 309 crore. Besides, Chief Minister Stalin inaugurated the issuing of various welfare assistance to 2.25 lakh beneficiaries at a total cost of Rs 558 crore.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store