Geojit Financial Services Q4 profit rises 26% to Rs 19 crore

KochI: Geojit Financial Services has clocked 26% increase in net profit at Rs 19.28 crore for Q4 in 2017-18 from a year ago. The consolidated revenue went up 20% to Rs 95.66 crore for the quarter.

For the whole year of 2017-18, the net profit increased 31% from previous year to Rs 73.24 crore. The revenues rose 20% to Rs 367.95 crore .

The company has proposed a dividend of Rs 2 per share on the paid up value of Rs 1 per share. The company’s assets under custody and management stood at Rs 38600 crore as on March 31, 2018.


Speaking about the results, Geojit MD C J George said : ``Our continued focus on the retail distribution of mutual fund SIP saw the company’s MF distribution income increase by 92% year-on-year. We have added 90,000 new clients during the year.’’