Geojit BNP Paribas Financial Services Limited Announces Unaudited Consolidated and Standalone Earnings Results for First Quarter Ended June 30, 2016
August 04, 2016 at 05:20 am EDT
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Geojit BNP Paribas Financial Services Limited announced unaudited consolidated and standalone earnings results for first quarter ended June 30, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 520.6 million, total income from operations of INR 553.4 million, profit from operations before other income and finance costs of INR 104.9 million, profit from ordinary activities before tax of INR 144.3 million, net profit after taxes of INR 93.6 million and earnings per diluted share INR 0.40 share compared to the net sales/income from operations of INR 500.3 million, total income from operations of INR 504.4 million, profit from operations before other income and finance costs of INR 112.3 million, profit from ordinary activities before tax of INR 94.1 million, net profit after taxes of INR 94.1 million and earnings per diluted share of INR 0.40 for the same quarter a year ago.
For the quarter, on consolidated basis, the company reported revenue of 694.9 million net sales/income from operations of INR 594.4 million, total income from operations of INR 627.5 million, profit from operations before other income and finance costs of INR 133.0 million, EBITDA of 234.7 million, profit from ordinary activities before tax of INR 199.1 million, net profit for the period of INR 120.5 million and earnings per basic and diluted share of INR 0.51 share compared to the revenue of 659.5 million, net sales/income from operations of INR 568.3 million, total income from operations of INR 608.8 million, profit from operations before other income and finance costs of INR 127.8 million, EBITDA of 207.1 million, profit from ordinary activities before tax of INR 176.2 million, net profit for the period of INR 105.1 million and earnings per basic and diluted share of INR 0.45 for the same quarter a year ago.
Geojit Financial Services Limited is an investment services company. The Company operates through two segments: Financial services and Software services. Its Financial services segment consists of brokerage services, depository services, financial products distribution services, portfolio management services and other allied activities. Its Software services segment consists of income from development and maintenance of software. The Company offers financial services, including online broking for equities, commodities, derivatives and currency futures, custody accounts, financial products distribution, portfolio management services, margin funding and others. It offers Flip, Selfie, TraderX, an online trading platform for traders and investors. Its Funds Genie is a mutual fund platform for mutual fund investments, including goal planning and model portfolio creation. Its subsidiaries include Geojit Credits Private Limited and Geojit Investment Services Limited, among others.