Geojit Financial reported a 59 per cent decline in its profit after tax (PAT) to ₹23.47 crore compared to ₹57.42 crore in the year-ago period
Markets are currently concerned about weak Q1 earnings and a faltering trade deal discussion between the US and India, Menon said, which may severely impact domestic exports
Geojit Financial share price was trading lower by 5.6 per cent at ₹77.66 per share after the company report 37 per cent Y-o-Y decline in Q1FY26 PAT
The rally was led by MMTC, which jumped 14.58 per cent to ₹79.52 amid heavy volumes, followed by IFCI climbing 6.15 per cent to ₹74.50 and Sigachi Industries gaining 5.63 per cent to ₹53.21.
Geojit Financial Services on Wednesday reported a 38 per cent decline in consolidated net profit at Rs 32.21 crore in the March 2025 quarter compared to a profit of Rs 51.91 crore in the year-ago period. Total consolidated revenue declined by 15 per cent to Rs 177.48 crore in the last quarter of 2024-25 as compared with Rs 208.56 crore in the same period of the preceding fiscal, the company said in a filing to the stock exchanges. On a sequential basis, revenue of the company rose marginally from Rs 172.11 crore in the December quarter. Operating profit, measured as earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped 35 per cent year-on-year to Rs 54.09 crore in the fourth quarter, compared to Rs 83.36 crore in the year-ago quarter. During the financial year 2024-25, the company, however, reported improved performance. The consolidated revenue rose 20 per cent year-on-year to Rs 749.32 crore, while net profit grew 15 per cent to Rs 172.49 crore. The ...
George tells that the impact of tariffs on domestic corporates is expected to be limited, owing to the strong capital raised over the past three to four years
The decline in Nestle's share price came after reports suggested that global brokerage firm BoFA Securities has downgraded the stock to 'Underperform' from 'Neutral.'
Shares of broking companies were under pressure on Monday on concerns that any significant volatility in the market's performance can directly put pressure on their overall income profile.
Fortunes of stock brokers and asset managers, analysts suggest, are directly linked with how the primary and secondary markets play out.
Geojit Financial Services Ltd on Friday reported a 53 per cent year-on-year jump in profit after tax to Rs 57.42 crore in three months ended September 2024. In comparison, the company had posted a profit after tax (PAT) of Rs 37.48 crore in the year-ago period. On a quarter-on-quarter (QoQ) basis, its PAT rose by 25 per cent, Geojit Financial Services said in a statement. Revenue increased by 50 per cent to Rs 218.55 crore in the July-September quarter of FY25 from Rs 145.51 crore a year ago. On a QoQ basis, it grew by 21 per cent.
Among individual stocks, 5Paisa declined 7.65 per cent, followed by IIFL Securities (down 4.76 per cent), Geojit Financial Services (down 3.32 per cent) and MOFSL (down 3.15 per cent).
Shares of Geojit Financial Services hit a record high of Rs 154.60, after surging 14 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.
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Geojit Financial Services share price zoomed after the company on Saturday reported a 105 per cent year on year increase in net profits to Rs 45.81
Globally, growing number of parliamentarians are worried about legitimised gambling via stock exchanges which has social and financial implications, said CJ George, founder & MD, Geojit Financial
Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.
Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent
Fraudsters are deceiving people with false promises of lucrative returns and bogus investment schemes in the stock market and mutual funds, as well as fake IPOs, Geojit Financial Services
Geojit Financial Services on Tuesday reported a 73 per cent rise in profit after tax to Rs 52 crore in the March quarter. The company had recorded a profit after tax of Rs 30 crore in the year-ago period. In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79 per cent to Rs 209 crore. It was at Rs 117 crore a year ago, according to a release. For fiscal 2023-24, its profit after tax jumped 48 per cent to Rs 149 crore. At the end of March, the company's assets under custody and management stood at Rs 93,000 crore. The board of the company has also approved an investment of up to USD 1 million to establish an entity in Dubai International Financial Centre (DIFC) for expanding capital market business.
A retracement of up to 50 per cent of the recent fall, can lead up to 18% rally in shares of IIFL Securities, Geojit and Emkay, show technical charts.