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Geojit BNP Paribas Financial Services has registered 43 per cent growth in PAT in the first quarter of this fiscal at ₹24 crore against ₹16 crore in the corresponding previous period.
The PBT also increased by 117 per cent at ₹36 crore from ₹17 crore in the corresponding period of last year.
Growth in PAT during the quarter under review was less than the growth of PBT on account of exceptional items during the last year.
The consolidated revenues increased by 45 per cent to ₹86 crore from ₹59 crore in the same quarter of the previous fiscal.
On standalone basis, revenue went up by 70 per cent to ₹77 crore from ₹45 crore and PAT by 241 per cent to ₹20 crore (₹5.9 crore).
For the first time ever, the company’s assets under management and custody has gone up to ₹19,500 crore as on June 30, 2014.
C.J. George, Managing Director, Geojit BNP Paribas, attributed the improved results to the improvement in sentiment and volumes in the capital markets, coupled with the growth in software income of one of its subsidiaries.
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