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17-May2018

Geojit Financial Services surges on reporting 26% rise in Q4 consolidated net profit

Geojit Financial Services is currently trading at Rs. 101.75, up by 2.35 points or 2.36% from its previous closing of Rs. 99.40 on the BSE.

The scrip opened at Rs. 100.25 and has touched a high and low of Rs. 102.40 and Rs. 97.20 respectively. So far 11443 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 147.00 on 11-Oct-2017 and a 52 week low of Rs. 71.25 on 23-May-2017.

Last one week high and low of the scrip stood at Rs. 106.65 and Rs. 94.45 respectively. The current market cap of the company is Rs. 2390.59 crore.

The promoters holding in the company stood at 62.12%, while Institutions and Non-Institutions held 7.46% and 30.42% respectively.

Geojit Financial Services has reported around 5-fold jump in its net profit at Rs 13.90 crore for the quarter ended March 31, 2018 as compared to Rs 2.83 crore for the same quarter in the previous year. Total income of the company increased by 24.07% at Rs 86.40 crore for quarter under review as compared to Rs 69.64 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported rise of 26.10% in its net profit at Rs 19.28 crore for the quarter ended March 31, 2018 as compared to Rs 15.29 crore for the corresponding quarter in the FY17. Total consolidated income of the company rose 19.78% at Rs 95.66 crore for quarter under review as compared to Rs 79.86 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a rise of 76.12% in its net profit at Rs 67.49 crore as compared to Rs 38.32 crore for the previous year. Total income of company increased by 25.28% at Rs 334.18 crore for year under review as compared to Rs 266.75 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted rise of 30.74% in its net profit at Rs 73.24 crore as compared to Rs 56.02 crore for the previous year. Total consolidated income of company increased by 20.34% at Rs 367.95 crore for year under review as compared to Rs 305.76 crore for the year ended March 31, 2017.


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