ICICI Securities: JM Financial - Measured Growth, Low Risk Tolerance To Aid Navigate The Cycle Well
JM Financial sign board. (Photo: Bloomberg)

ICICI Securities: JM Financial - Measured Growth, Low Risk Tolerance To Aid Navigate The Cycle Well

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

JM Financial Ltd.’s Q2 FY21 earnings beat our expectations primarily due to strong momentum in fee-led investment banking, wealth management and securities business revenues (up more than 40% YoY, double QoQ).

Lending/asset reconstruction company continued to be modest given weak real estate sentiment and non-conducive resolution environment.

In wholesale mortgage lending, collection efficiency improved to 81% during the quarter and the company expects negligible restructuring.

Click on the attachment to read the full report:

ICICI Securities JM Financials Q2FY21 Results Update.pdf

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