On Wednesday, the JMD Venture Ltd company’s net profit rose 271.43 per cent to Rs 0.26 crore in the first quarter and ended as against Rs 0.07 crore during the previous quarter ended June 2021. Sales rose 360.00 per cent to Rs 0.23 crore in the quarter ended June 2022 as against Rs 0.05 crore in the previous quarter ended June 2021.

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In addition to producing music albums for the company under the JMD brand, the company also provides recording services and rents out studios to other music producers and recorders.