Geojit BNP Paribas Financial Services Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 27, 2017 at 08:00 am
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Geojit BNP Paribas Financial Services Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 669.6 million compared to INR 573.6 million a year ago. Profit from operations before other income and finance costs was INR 153.5 million compared to INR 81.0 million a year ago. Profit from ordinary activities before tax was INR 237.9 million compared to INR 141.7 million a year ago. Net profit for the period was INR 149.7 million or INR 0.63 per diluted share compared to INR 81.7 million or INR 0.35 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company reported total income from operations (net) of INR 2,028.5 million compared to INR 1,841.2 million a year ago. Profit from operations before other income and finance costs was INR 438.8 million compared to INR 353.6 million a year ago. Profit from ordinary activities before tax was INR 665.8 million compared to INR 530.8 million a year ago. Net profit for the period was INR 407.3 million or INR 1.73 per basic and diluted share compared to INR 311.0 million or INR 1.33 per diluted share a year ago.
For the quarter, on standalone basis, the company reported total income from operations (net) of INR 592.6 million compared to INR 507.7 million a year ago. Profit from operations before other income and finance costs was INR 135.3 million compared to INR 57.3 million a year ago. Profit from ordinary activities before tax was INR 190.6 million compared to INR 99.0 million a year ago. Net profit after tax was INR 123.7 million or INR 0.52 per diluted share compared to INR 63.2 million or INR 0.27 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company reported total income from operations (net) of INR 1,802.3 million compared to INR 1,640.2 million a year ago. Profit from operations before other income and finance costs was INR 373.8 million compared to INR 288.8 million a year ago. Profit from ordinary activities before tax was INR 539.2 million compared to INR 429.0 million a year ago. Net profit after tax was INR 354.9 million or INR 1.51 per basic and diluted share compared to INR 281.4 million or INR 1.20 per 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.
Geojit BNP Paribas Financial Services Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016