Geojit Q1 net up 71.5 pc
Geojit Financial Services announces 71.5 per cent rise in Q1 profits at Rs 12.10 crore.
By PTI |
KOCHI: Geojit Financial Services Limited has recorded a 71.5 per cent rise in net profit at Rs 12.10 crore for the first quarter ending June 30, against Rs 7.07 crore for the same period in 2006-07.
Income for the quarter increased by 29.06 per cent to Rs 41.75 crore as compared to Rs 32.35 crore in the said period in fiscal 2006-07, a press release from Geojit said on Thursday.
Geojit Commodities Limited, a GFSL subsidy in commodities trade improved income by 17.32 per cent to Rs 5.39 crore against Rs 4.59 crore for the same quarter the previous year. Along with increase in commodity income, commission from insurance and mutual fund distribution improved substantially, it said.
Barjeel Georjit Securities LLC, a joint venture in UAE, also performed well in the current quarter, recording a 33 per cent increase in income and 41 per cent rise in net profit, it said.
Income for the quarter increased by 29.06 per cent to Rs 41.75 crore as compared to Rs 32.35 crore in the said period in fiscal 2006-07, a press release from Geojit said on Thursday.
Geojit Commodities Limited, a GFSL subsidy in commodities trade improved income by 17.32 per cent to Rs 5.39 crore against Rs 4.59 crore for the same quarter the previous year. Along with increase in commodity income, commission from insurance and mutual fund distribution improved substantially, it said.
Barjeel Georjit Securities LLC, a joint venture in UAE, also performed well in the current quarter, recording a 33 per cent increase in income and 41 per cent rise in net profit, it said.
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