Geojit Financial Services Limited Reports Standalone and Consolidated Unaudited Earnings Results for the Second Quarter and Half Year Ended September 30, 2017
October 25, 2017 at 06:11 am EDT
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Geojit Financial Services Limited reported standalone and consolidated unaudited earnings results for the second quarter and half year ended September 30, 2017. For the quarter, on standalone basis total Revenues were INR 796.8 million compared with INR 727.8 million for the same period last year. Profit before items and tax was INR 251.5 million compared with INR 204.3 million for the same period last year. Profit before tax was INR 251.5 million compared with INR 204.3 million for the same period last year. Profit after tax for the period was INR 168.5 million or INR 0.70 diluted per share as compared with INR 137.6 million or INR 0.58 diluted per share for the same period last year.
For the six months, on standalone basis total Revenues were INR 1,582.3 million compared with INR 1,322.1 million for the same period last year. Profit before items and tax was INR 515.8 million compared with INR 348.6 million for the same period last year. Profit before tax was INR 515.8 million compared with INR 348.6 million for the same period last year. Profit after tax for the period was INR 355.6 million or INR 1.48 diluted per share as compared with INR 231.2 million or INR 0.98 diluted per share for the same period last year.
For the quarter, on consolidated basis total Revenues were INR 874.4 million compared with INR 808.8 million for the same period last year. Profit before tax was INR 269.2 million compared with INR 228.8 million for the same period last year. Profit for the period was INR 168.7 million or INR 0.70 diluted per share as compared with INR 137.1 million or INR 0.58 diluted per share for the same period last year. EBITDA was INR 308.3 million against INR 264.9 million a year ago.
For the six months, on consolidated basis total Revenues were INR 1,715.5 million compared with INR 1,503.9 million for the same period last year. Profit before tax was INR 528.2 million compared with INR 427.9 million for the same period last year. Profit for the period was INR 330.9 million or INR 1.38 diluted per share as compared with INR 257.6 million or INR 1.09 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 Financial Services Limited Reports Standalone and Consolidated Unaudited Earnings Results for the Second Quarter and Half Year Ended September 30, 2017