Geojit Bnp Paribas Financial Services Limited Reports Standalone and Consolidated Unaudited Earnings Results for the Second Quarter and Half Year Ended September 30, 2016
November 03, 2016 at 06:07 am EDT
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Geojit BNP Paribas Financial Services Limited reported standalone and consolidated unaudited earnings results for the second quarter and half year ended September 30, 2016. For the quarter, on standalone basis Net Sales were INR 617.4 million compared with INR 549.0 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 133.8 million compared with profit from operation before other income, financial cost and exceptional items INR 119.2 million for the same period last year. Profit from ordinary activities before tax was INR 204.3 million compared with profit from ordinary activities before tax INR 184.6 million for the same period last year. Net profit for the period was INR 137.6 million or INR 0.58 basic and diluted per share as compared with net profit for the period of INR 124.1 million or INR 0.53 basic and diluted per share for the same period last year.
For the six months, on standalone basis Net Sales were INR 1,138.0 million compared with INR 1,049.3 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 238.5 million compared with profit from operation before other income, financial cost and exceptional items INR 231.5 million for the same period last year. Profit from ordinary activities before tax was INR 348.6 million compared with profit from ordinary activities before tax INR 330.0 million for the same period last year. Net profit for the period was INR 231.2 million or INR 0.98 basic and diluted per share as compared with net profit for the period of INR 218.2 million or INR 0.93 basic and diluted per share for the same period last year.
For the quarter, on consolidated basis Net Sales were INR 692.3 million compared with INR 615.7 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 152.5 million compared with profit from operation before other income, financial cost and exceptional items INR 144.8 million for the same period last year. Profit from ordinary activities before tax was INR 228.8 million compared with profit from ordinary activities before tax INR 212.9 million for the same period last year. Net profit for the period was INR 137.1 million or INR 0.58 basic and diluted per share as compared with net profit for the period of INR 124.2 million or INR 0.53 basic and diluted per share for the same period last year.
For the six months, on consolidated basis Net Sales were INR 1,286.7 million compared with INR 1,184.0 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 285.3 million compared with profit from operation before other income, financial cost and exceptional items INR 272.6 million for the same period last year. Profit from ordinary activities before tax was INR 427.9 million compared with profit from ordinary activities before tax INR 289.1 million for the same period last year. Net profit for the period was INR 257.6 million or INR 1.09 basic and diluted per share as compared with net profit for the period of INR 233.1 million or INR 0.98 basic and diluted per share for the same period last year.
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 Standalone and Consolidated Unaudited Earnings Results for the Second Quarter and Half Year Ended September 30, 2016