Our Bureau Geojit Financial Services has registered a 26 per cent growth in its consolidated net profit at ₹19.28 crore in the fourth quarter of FY18. It stood at ₹15.29 crore in the corresponding quarter of FY17.
Its consolidated revenues for Q4 stood at ₹95.66 crore (₹79.86 crore), showing an increase of 20 per cent. For Q3 of FY18, the corresponding figures were ₹100.74 crore (revenue) and ₹20.87 crore (net profit).
The company’s assets under management stood at ₹38,600 crore as on March 31.
Geojit has recommended a dividend of ₹2 a share.
For fiscal 2018, the Kochi-based broking firm declared a 31 per cent increase in net profit at ₹73.24 crore (₹56.02 crore) on revenues of ₹367.95 crore (₹305.76 crore).
Commenting on the results, Managing Director of Geojit Financial Services, CJ George, said: “Our continued focus on the retail distribution of mutual funds through SIP saw the company’s MF distribution income increase by 92 per cent year-on-year. We have also added around 90,000 new clients during this year.”
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