JM Financial shares jump over 4% on 166% YoY PAT jump

JM Financial jumped over 4% to Rs 162.33 after Q1 net profit surged 166% YoY to Rs 454 crore.

Revenue rose 3% YoY to Rs 1,111 crore, with PAT up 116% QoQ; profit boost came from a 38% YoY drop in expenses.

Interest income fell YoY, while brokerage income was marginally higher; expenses declined across finance, employee, and commission costs.

Stock has gained 70% in a year, 28% YTD, and trades above key SMAs despite high volatility.