• Total income at Rs.125.81 crore as compared to Rs. 97.15 crore
• Net profit after tax, before minority interest and share of loss from associates at Rs. 31.48 crore as compared to 31.72 crore
• Net consolidated profit at Rs.19.14 crore as compared to Rs. 25.31 crore. While the revenue has increased by 29%, profit after tax is lower on account of increase in the employee cost (an increase of 94%) and launch expenses for new fund launches by the Mutual Fund

The Earning per Share (EPS) on weighted average number of shares for the quarter ended June 30, 2007 is Rs. 6.38 (Not annualised).

On June 30, 2007, the total Shareholders Funds stood at Rs. 606.84 crore on total equity capital of Rs. 30.00 crore. The book value per share was Rs. 202.28 as on June 30, 2007. The equity shares of JM Financial are currently listed on The Bombay Stock Exchange Limited (BSE) and The National Stock Exchange of India Limited (NSE).

FIPB approval in relation to the agreement for separation of joint venture with Morgan Stanley has been received by Morgan Stanley. The transaction will be consummated on receipt of the RBI approval. The Company has since signed the agreements for acquisition of 60% equity stake in the institutional stock broking and research company, ASK Securities India Private Limited.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients. The Group has business interests in investment banking, institutional equity sales and broking, private and corporate wealth management, research, equity broking, portfolio management, asset management, commodity broking, NBFC activities and private equity. For more information log on to www.jmfinancial.in