The Hindu : Business : Geojit net profit up

Online edition of India's National Newspaper
Saturday, Oct 13, 2007
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Geojit net profit up

Special Correspondent

KOCHI: Geojit Financial Services reported consolidated revenue of Rs.51.03 crore and net profit of Rs.12.51 crore for the quarter ended September 2007.

This is the first time that the quarterly income of the company has crossed the Rs.50-crore mark.

Compared to the second quarter of the previous year, income of the company increased by 71 per cent while PAT shot up by 119 per cent.

The company has also provided Rs. 6 crore for income tax.

A meeting of the board of directors in Mumbai on Friday approved the results.

For the half-year ended September 2007, the income of the company rose to Rs. 92.77 crore from Rs. 62.25 crore for the same half of the previous year while net profit shot up by 92 per cent to Rs. 24.61 crore, from Rs.12.79 crore.

The profit before tax rose to Rs. 36.76 crore from Rs. 18.58 crore, an increase of 98 per cent.

Geojit Financial Services is investing significantly on expanding branch network, manpower and technology.

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