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HomeBusinessGeojit Financial Services March quarter net profit Rs 36 crore

Geojit Financial Services March quarter net profit Rs 36 crore

Mumbai, May 2 (PTI) Brokerage company Geojit Financial Services reported a fall in its net profit for the fourth quarter of the last financial year ended March at Rs 36 crore. It stood at Rs 37 crore in the same quarter a year ago. Giving this information on Monday, the company said that due to volatility in the market, its profit has been less.

The Kochi-based company said its quarterly revenue remained stable at Rs 123 crore. While its net profit declined by three per cent during the quarter.

However, the company’s net profit rose to Rs 154 crore from Rs 127 crore for the full fiscal, showing a growth of 21 per cent. The company’s income grew by 17 per cent to Rs 501 crore during the financial year as against Rs 427 crore in the previous fiscal.

The board of directors of the company has recommended a final dividend of Rs 3 per share or 300 per cent for the financial year.

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