Geojit BNP Paribas Financial Services Limited Reports Unaudited Parent and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
May 20, 2015 at 05:45 am EDT
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Geojit BNP Paribas Financial Services Limited reported unaudited parent and consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, on parent basis, the company reported net sales/income from operations of INR 689.4 million compared to INR 462.3 million reported a year ago. Profit from operations before other income and finance costs and exceptional items was INR 188.7 million compared to INR 90.3 million reported a year ago. Profit from ordinary activities before tax was INR 224 million compared to loss of INR 335.1 million a year ago. Net profit was INR 150.4 million or INR 0.65 per basic and diluted share compared to loss of INR 382.1 million or INR 1.67 per basic and diluted share reported a year ago.
For the year, on parent basis, the company reported net sales of INR 2,720.2 million compared to INR 1,730.3 million reported a year ago. Profit from operations before other income and finance costs and exceptional items was INR 848.5 million compared to INR 279.8 million reported a year ago. Profit from ordinary activities before tax was INR 1,010.5 million compared to loss of INR 617.8 million a year ago. Net profit was INR 675.5 million or INR 2.92 per diluted share compared to net loss of INR 774.7 million or INR 3.39 per diluted share reported a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 738.4 million compared to INR 507.2 million reported a year ago. Profit from operations before other income and finance costs and exceptional items was INR 222.8 million compared to INR 114.2 million reported a year ago. Profit from ordinary activities before tax was INR 265 million compared to INR 175.9 million a year ago. Net profit was INR 172.6 million or INR 0.75 per basic and diluted share compared to loss of INR 112.8 million or INR 0.49 per basic and diluted share reported a year ago. The consolidated revenues has gone up by 40% from INR 820 million from INR 590 million for the same quarter of the previous fiscal.
For the year, on consolidated basis, the company reported net sales of INR 2,876.5 million compared to INR 1,975.2 million reported a year ago. Profit from operations before other income and finance costs and exceptional items was INR 989.5 million compared to INR 442.9 million reported a year ago. Profit from ordinary activities before tax was INR 1,195.5 million compared to loss of INR 552.7 million a year ago. Net profit was INR 773.5 million or INR 3.35 per diluted share compared to net loss of INR 732.4 million or INR 3.21 per diluted share reported a year ago. The consolidated revenues has gone up by 40% from INR 2,330 million in 2013-14 to INR 3,260 million in fiscal 2015.
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 Parent and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015