Geojit BNP Paribas Financial Services Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2013
November 13, 2013 at 12:02 pm EST
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Geojit BNP Paribas Financial Services Limited reported unaudited earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported total income from operations (net) of INR 380.9 million compared to INR 472.8 million a year ago. Profit from operations before other income, finacne costs and exceptional items was INR 62.9 million compared to INR 62.5 million a year ago. Loss from ordinary activities before tax was INR 535.3 million compared to profit from ordinary activities before tax of INR 163.7 million a year ago. Net loss after tax was INR 568.4 million or INR 2.49 per basic and diluted share, compared to net profit after tax of INR 119.4 million or INR 0.52 per basic and diluted share, a year ago.
For the year to date, the company reported total income from operations (net) of INR 803.1 million compared to INR 941.5 million a year ago. Profit from operations before other income, finacne costs and exceptional items was INR 97.5 million compared to INR 100.9 million a year ago. Loss from ordinary activities before tax was INR 448.0 million compared to profit from ordinary activities before tax of INR 250.3 million a year ago. Net loss after tax was INR 509.5 million or INR 2.23 per basic and diluted share, compared to net profit after tax of INR 180.4 million or INR 0.79 per basic and 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.