Geojit Financial Services Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Geojit Financial Services Ltd reported a 21.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.8%.
- Its expenses for the quarter were down by 13.1% QoQ and up 17.4% YoY.
- The net profit decreased 35.5% QoQ and decreased 2.3% YoY.
- The earnings per share (EPS) of Geojit Financial Services Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 172.11 | 218.55 | 153.92 | -21.2% | 11.8% |
Total Expenses | 124.12 | 142.79 | 105.74 | -13.1% | 17.4% |
Profit Before Tax | 47.53 | 75.52 | 48.14 | -37.1% | -1.3% |
Tax | 11.60 | 19.94 | 11.73 | -41.8% | -1.1% |
Profit After Tax | 37.05 | 57.42 | 37.91 | -35.5% | -2.3% |
Earnings Per Share | 1.30 | 2.30 | 1.50 | -43.5% | -13.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Geojit Financial Services Ltd is a prominent financial services company in India, primarily engaged in providing investment services. Its offerings include equity trading, mutual funds, wealth management, financial planning, and portfolio management services. The company operates in the financial services industry, which is characterized by volatile market conditions and regulatory frameworks. Geojit Financial Services has expanded its reach with a strong presence in the Indian market and has also ventured into international markets in partnership with regional firms. No recent major developments have been provided in the data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Geojit Financial Services Ltd reported a total income of ₹172.11 crores. This reflects a decline of 21.2% from the previous quarter (Q2FY25), where the total income was ₹218.55 crores. However, on a year-over-year basis, there was an increase of 11.8% compared to Q3FY24, when the total income was ₹153.92 crores. These figures indicate fluctuations in the company's revenue stream, influenced by market conditions and business activities during the respective periods.
Profitability
The company's profitability metrics reveal a mixed performance in Q3FY25. The profit before tax stood at ₹47.53 crores, which is a decrease of 37.1% from Q2FY25, where it was ₹75.52 crores. Compared to the same quarter last year (Q3FY24), the profit before tax decreased marginally by 1.3% from ₹48.14 crores. The profit after tax for Q3FY25 was ₹37.05 crores, showing a reduction of 35.5% from the previous quarter and a slight decline of 2.3% year-over-year. The tax expense for the quarter was ₹11.60 crores, down 41.8% from Q2FY25 and 1.1% lower than Q3FY24. Earnings per share (EPS) in Q3FY25 was ₹1.30, down from ₹2.30 in the previous quarter and reduced by 13.3% from ₹1.50 in Q3FY24.
Operating Metrics
The operating metrics for Geojit Financial Services Ltd for Q3FY25 indicate a total expense of ₹124.12 crores. This is a decrease of 13.1% from ₹142.79 crores in Q2FY25, yet an increase of 17.4% compared to ₹105.74 crores in Q3FY24. These metrics reflect the company's operational efficiency and cost management strategies in response to revenue variations. The significant changes in expenses indicate adjustments in operational activities, possibly to align with market conditions or strategic initiatives during the quarter.
