Geojit Financial Services Ltd. Announces Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019
May 30, 2019 at 08:24 am EDT
Share
Geojit Financial Services Ltd. announced audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2019. For the quarter, on consolidated basis, the company reported revenues from operations of INR 711.7 million against INR 870.9 million a year ago. Profit for the period was INR 74.1 million against INR 192.8 million a year ago. Total revenue was INR 778.8 million against INR 956.6 million a year ago. Basic earnings per share was INR 0.31 compared to INR 0.81 a year ago.
For the year, on consolidated basis, the company reported revenues from operations of INR 2,876.7 million against INR 3,341.9 million a year ago. Profit for the period was INR 354.6 million against INR 732.4 million a year ago. Total revenue was INR 3,182.1 million against INR 3,679.5 million a year ago. Basic earnings per share was INR 1.49 compared to INR 3.09 a year ago. Diluted earnings per share was INR 1.48 against INR 3.03 a year ago.
For the quarter, on standalone basis, the company reported revenues from operations of INR 658.8 million against INR 790.7 million a year ago. Total revenue was INR 693.3 million against INR 864.0 million a year ago. Profit after tax was INR 72.1 million against INR 139.0 million a year ago. Basic earnings per share was INR 0.30 compared to INR 0.59 a year ago.
For the year, on standalone basis, the company reported revenues from operations of INR 2,650.4 million against INR 3,040.8 million a year ago. Total revenue was INR 2,852.9 million against INR 3,341.8 million a year ago. Profit after tax was INR 293.3 million against INR 374.9 million a year ago. Basic earnings per share was INR 1.23 compared to INR 2.85 a year ago. Diluted earnings per share was INR 1.22 against INR 2.79 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 Financial Services Ltd. Announces Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019