Geojit BNP Paribas Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016
May 26, 2016 at 11:10 am EDT
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Geojit BNP Paribas Financial Services Limited reported unaudited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 497.0 million compared to INR 647.3 million reported a year ago. Profit from operations before other income and finance costs was INR 73.1 million compared to INR 188.7 million reported a year ago. Profit from ordinary activities before tax was INR 116.3 million compared to INR 224.0 million a year ago. Net profit after tax was INR 74.6 million or INR 0.32 per basic and diluted share compared to INR 150.4 million or INR 0.65 per basic and diluted share reported a year ago.
For the year, on standalone basis, the company reported net sales/income from operations of INR 2,018.1 million compared to INR 2,550.8 million reported a year ago. Profit from operations before other income and finance costs was INR 361.9 million compared to INR 848.5 million reported a year ago. Profit from ordinary activities before tax was INR 545.3 million compared to INR 1,010.5 million a year ago. Net profit after tax was INR 356.0 million or INR 1.52 per diluted share compared to INR 675.5 million or INR 2.92 per diluted share reported a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 582.3 million compared to INR 738.4 million reported a year ago. Profit from operations before other income and finance costs was INR 16.3 million compared to INR 222.8 million a year ago. Profit from ordinary activities before tax was INR 90.8 million compared to INR 265 million a year ago. Net profit for the period was INR 65.1 million or INR 0.28 per basic and diluted share compared to INR 172.6 million or INR 0.75 per basic and diluted share reported a year ago. EBITDA was INR 129.5 million compared to INR 294.9 million a year ago.
For the year, on consolidated basis, the company reported net sales of INR 2,303.9 million compared to INR 2,876.5 million reported a year ago. Profit from operations before other income and finance costs was INR 369.9 million compared to INR 989.5 million reported a year ago. Profit from ordinary activities before tax was INR 621.6 million compared to loss of INR 1,195.5 million a year ago. Net profit for the period was INR 376.1 million or INR 1.61 per basic and diluted share compared to INR 773.5 million or INR 3.35 per diluted share reported a year ago. EBITDA was INR 759.5 million compared to INR 1,304.5 million 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 Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016