JM Financial (NSE:JMFINANCIL) Tax Rate % : 24.25% (As of Jun. 2024)

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What is JM Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. JM Financial's Tax Expense for the three months ended in Jun. 2024 was ₹595 Mil. JM Financial's Pre-Tax Income for the three months ended in Jun. 2024 was ₹2,453 Mil. Therefore, JM Financial's Tax Rate % for the quarter that ended in Jun. 2024 was 24.25%.

JM Financial Tax Rate % Historical Data

The historical data trend for JM Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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JM Financial Tax Rate % Chart

JM Financial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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28.90

24.44

26.38

25.60

92.21

JM Financial Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Tax Rate %	Get a 7-Day Free Trial															24.28	26.05	22.91	-17.96	24.25

JM Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

JM Financial's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	3258.5	/	3533.7
	=	92.21 %

JM Financial's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2024 )	/	Pre-Tax Income (Q: Jun. 2024 )
	=	594.7	/	2452.5
	=	24.25 %

JM Financial Tax Rate % Related Terms

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JM Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » JM Financial Ltd (NSE:JMFINANCIL) » Definitions » Tax Rate %

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523405:India

Address

Appasaheb Marathe Marg, 7th Floor, Cnergy, Prabhadevi, Mumbai, MH, IND, 400 025

Website

https://www.jmfl.com

JM Financial Ltd is an India-based financial services group, specialising in providing a range of businesses to corporations, financial institutions, high-net-worth individuals and retail investors. Its operating segment includes Investment Banking, Wealth Management and Securities Business (IWS); Mortgage Lending; Distressed Credit; and Asset Management and Others. IWS segment, which is the key revenue-generating segment, includes management of capital markets transactions, advising on mergers and acquisitions, and private equity syndication as well as provides investment advisory and distribution services, involving equity brokerage services, wealth management, capital market lending for wealth management and distribution of financial products.

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