Geojit Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2017
July 25, 2017 at 06:17 am EDT
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Geojit Financial Services Limited reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 763.9 million against INR 627.5 million a year ago. Profit before tax was INR 259.0 million against INR 199.1 million a year ago. Profit for the period was INR 162.2 million or INR 0.68 per diluted share against INR 120.5 million or INR 0.51 per diluted share a year ago. EBITDA was INR 297.9 million against INR 234.7 million a year ago. In terms of mutual fund AUM at the end of June quarter, the company was at average INR 23,890 million. Consolidated Book value is INR 22.50.
For the quarter, on standalone basis, the company reported revenue from operations of INR 690.2 million against INR 553.4 million a year ago. Profit before exceptional items and tax was INR 264.3 million against INR 144.3 million a year ago. Profit before tax was INR 264.3 million against INR 144.3 million a year ago. Profit after tax for the period was INR 187.1 million or INR 0.79 per basic and diluted share against INR 93.6 million or INR 0.40 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.