JMJ Fintech Limited delivered robust financial results for the April-June quarter, with net profit surging 72.48% year-on-year to ₹1.97 crore compared to ₹1.14 crore in the corresponding period last year. According to The Economic Times, the non-banking financial company also demonstrated sequential growth of 13% from the previous quarter, indicating sustained momentum in its financial performance and continued improvement in the company's financial metrics.
The company's revenue for Q1 stood at ₹5.36 crore, registering a 5.66% increase from the year-ago period, as reported by The Economic Times. Most significantly, assets under management (AUM) rose 82.11% compared to the previous financial year, reflecting the company's successful expansion strategy and strengthened customer base in its lending operations. The sharp rise in AUM comes as JMJ Fintech continues to expand its lending operations and strengthen its customer base across India's financial services market.
JMJ Fintech launched a new technology-driven lending platform called Money bro during the quarter, aimed at making borrowing faster and more convenient for customers. According to The Economic Times, this platform is expected to create new business opportunities while supporting the company's growth and geographical expansion in the coming years. The company plans to leverage technology, rising AUM and improving profitability to accelerate expansion and strengthen its presence in India's financial services market, positioning itself for continued growth in the competitive NBFC sector.
