Geojit net profits rise 135% to Rs 15.29 cr in Q4 FY'17

Net profit of an investment services firm, Geojit Financial Services was more than doubled and increased 135 per cent to Rs 15.29 crore for the fourth quarter of the last fiscal ending March 31, 2017 from Rs 6.51 crore a year ago.
Revenue of the company rose 15 per cent to Rs 79.86 crore in the reporting period from Rs 69.55 crore a year ago.
EBITDA grew to Rs 28.77 crore from Rs 12.95 crore a year ago.
Profit before tax of the company increased 174 per cent at Rs 24.87 crore in Q4FY17 from Rs 9.08 crore a year ago.

The company has declared a 125 per cent dividend (Rs 1.25 per share) for the year gone by.
"This financial year, we have been focusing on the retail distribution of mutual fund SIP due to which the company's SIP book size YoY went up from Rs 19 crore to Rs 89 crore," Geojit managing director C J George said in a statement.

"We have also added over 52,000 new clients during this year," he added.
For the entire fiscal 2017, net profit of the company rose 49 per cent at Rs 56 crore from Rs 37.61 crore in the previous fiscal.

Consolidated revenue of the company grew 12 per cent to Rs 305.76 crore in the reporting year from Rs 271.96 crore a year ago, while EBITDA grew to Rs 106.25 crore from Rs 75.95 crore a year ago.
Profit before tax of the company grew 47 per cent at Rs 91.45 crore in the year from Rs 62.16 crore a year ago. The company's assets under custody and management stood at Rs 32,500 crore as on March 31.