Non-banking financial company (NBFC) JMJ Fintech Limited reported strong financial performance for the first quarter (Q1) of the current financial year (April–June), driven by solid growth in its asset base and expanded digital lending initiatives.
Key Financial Highlights
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Net Profit Surge: Net profit jumped 72.48% year-on-year (YoY) to ₹1.97 crore, up from ₹1.14 crore in the corresponding quarter last year. On a sequential basis, net profit grew by 13%.
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Revenue Growth: Total Q1 revenue reached ₹5.36 crore, marking a 5.66% YoY increase.
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AUM Expansion: Assets Under Management (AUM) expanded 82.11% YoY (and 9.12% quarter-on-quarter) to reach ₹78.23 crore.
Key Strategic Initiatives
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Launch of ‘Money bro’: The company launched a new tech-driven digital lending platform, ‘Money bro’, to simplify borrowing, reduce processing times, and improve access to credit.
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Technology-Driven Expansion: Managing Director Joju Madathumpady Johny highlighted that digital integration will power the NBFC’s nationwide expansion, helping it acquire new customer segments and drive future revenue streams.
