Geojit BNP Paribas Financial Services Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 22, 2016 at 04:43 am EST
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Geojit BNP Paribas Financial Services Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 573.6 million compared to INR 706.3 million a year ago. Profit from operations before other income and finance costs was INR 81.0 million compared to INR 206.9 million a year ago. Profit from ordinary activities before tax was INR 141.7 million compared to INR 258.9 million a year ago. Net profit for the period was INR 81.7 million or INR 0.35 per diluted share compared to INR 165.5 million or INR 0.71 per diluted share a year ago.
For the nine months, on consolidated basis, the company reported total income from operations (net) of INR 1,841.2 million compared to INR 2,271.0 million a year ago. Profit from operations before other income and finance costs was INR 353.6 million compared to INR 766.7 million a year ago. Profit from ordinary activities before tax was INR 530.8 million compared to INR 930.5 million a year ago. Net profit for the period was INR 311.0 million or INR 1.33 per diluted share compared to INR 600.9 million or INR 2.59 per diluted share a year ago.
For the quarter, on standalone basis, the company reported total income from operations (net) of INR 507.7 million compared to INR 629.2 million a year ago. Profit from operations before other income and finance costs was INR 57.3 million compared to INR 181.2 million a year ago. Profit from ordinary activities before tax was INR 99.0 million compared to INR 216.0 million a year ago. Net profit after tax was INR 63.2 million or INR 0.27 per basic and diluted share compared to net profit of INR 143.0 million or INR 0.62 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company reported total income from operations (net) of INR 1,640.2 million compared to INR 2,030.8 million a year ago. Profit from operations before other income and finance costs was INR 288.8 million compared to INR 659.8 million a year ago. Profit from ordinary activities before tax was INR 429.0 million compared to INR 786.5 million a year ago. Net profit after tax was INR 281.4 million or INR 1.20 per diluted share compared to INR 525.1 million or INR 2.27 per diluted share 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.
Geojit BNP Paribas Financial Services Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015