New Delhi, Jan. 29 -- JM Financial declared their Q3 results on 28 Jan, 2025, revealing a challenging quarter for the company. The topline saw a significant decrease of 25.54% year-on-year, with profit dropping by 24.76%. The company reported a profit of Rs.208.92 crore and revenue of Rs.821.99 crore.

In comparison to the previous quarter, JM Financial experienced a decline in revenue by 20.46% and a profit decrease of 10.05%. This reflects the ongoing challenges faced by the company in the current market environment.

The Selling, general & administrative expenses saw a decline of 24.42% quarter-on-quarter and a decrease of 10.34% year-on-year, indicating efforts to control costs amid falling revenues.

Interestingly, the operating inco...