The Hindu Business Line : Geojit Fin net rises 71%

Kochi, July 12 Geojit Financial Services Ltd’s net profit has grown by 71 per cent to Rs 12.1 crore (Rs 7.07 crore) for the first quarter of the current fiscal, after making a provision of Rs 4.89 crore for taxes. Income for the quarter increased by 29 per cent to Rs 41.75 crore (Rs 32.35 crore) and profit after tax was up 71 per cent.

Geojit had participated in the offer for sale of shares of BSE and mopped up a post tax income of Rs 3.67 crore from this deal.

The income of Geojit Commodities, a subsidiary of Geojit, improved by 17.32 per cent to Rs 5.39 crore (Rs 4.59 crore). Along with the increase in commodity income, commission from insurance and mutual fund distribution has improved substantially, a press release said.

More Stories on : Financial Performance | Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Meet to review performance of regional rural banks

Dena Bank pays dividend to Govt

Exporters get interest relief on credit, higher refunds

Rupee sheds 10 paise against dollar

Geojit Fin net rises 71%

Bajaj Allianz net rises on low-cost biz model

Biz school, ICICI Pru tie-up

Life, health… or both?

Kiddy Bank scheme relaunched

Recoveries, stake sale may boost Federal Bank profit

Forex processing centre

Allahabad Bank may raise Rs 500-cr Tier-II capital

Corpn Bank’s Srikakulam branch

Bonds remain range bound

Higher advance targets set for agri, SSI, priority sectors

Call rates rule at 0.4-0.6%