Geojit consolidated revenues touches Rs 86 crore in Q1

Geojit BNP Paribas Financial Services has reported a jump of over 45% in consolidated revenues at Rs 86 crore for the first quarter ended June 30.

The company's consolidated revenues went up from Rs 59 crore to touch Rs 86 crore during the period under review, a press release said.

Profit Before Tax (PBT) went up by 117% to Rs 36 crore from Rs 17 crore from the year-ago period while Profit After Tax (PAT) during the period under review went up by 43% from Rs 16 crore to Rs 24 crore.

On Standalone basis, revenues went up by 70% from Rs 45 crore to Rs 77 crore and PAT went up by 241% from Rs 5.9 crore to Rs 20 crore compared to the first quarter of last year.

For the first time ever, the company's Assets Under Management and Custody has gone up to Rs 19,500 crore as on 30 June 2014, the release said.

Commenting on the results, Geojit BNP Paribas Managing Director C J George said the improvement in the sentiment and volumes in the capital markets, coupled with the growth in software income of one of the subsidiaries, helped the company achieve better results.