Kochi, India – January 30, 2025 – Geojit Financial Services Limited announced its unaudited financial results for the quarter ended December 31, 2024, showcasing robust growth in both revenue and profitability.
Key Financial Highlights (₹ in Lakhs)
Particulars
Q3 FY25 (Dec 2024)
Q2 FY25 (Sep 2024)
Q3 FY24 (Dec 2023)
9M FY25 (Apr-Dec 2024)
9M FY24 (Apr-Dec 2023)
Total Revenue from Operations
17,168.81
21,845.77
15,221.68
57,121.40
40,600.91
Total Income
17,211.26
21,854.66
15,392.04
57,184.13
41,540.55
Total Expenses
12,457.93
14,302.49
10,578.52
38,904.87
28,981.03
Profit Before Tax (PBT)
4,753.33
7,552.17
4,813.52
18,279.26
12,559.52
Profit After Tax (PAT)
3,704.62
5,741.65
3,791.13
14,027.35
9,746.63
Earnings Per Share (EPS) - Basic
1.31
2.11
1.39
5.08
3.55
YoY Growth Trends:
Revenue from operations increased 12.8% YoY.
PAT marginally declined 2.28% YoY.
EPS stands at ₹1.31 for Q3 FY25.
Segment-Wise Performance
The company operates in two primary segments: financial services and software services.
Segment
Q3 FY25 Revenue (₹ Lakhs)
Q3 FY24 Revenue (₹ Lakhs)
Growth (%)
Financial Services
16,614.28
14,719.32
12.9%
Software Services
752.70
723.72
4.0%
Financial services remains the dominant segment, contributing over 96.5% to total revenue.
Software services revenue growth remained stable at 4% YoY.
Corporate Announcements
Rights Issue & Capital Expansion:
39,857,413 Equity Shares allotted on October 30, 2024, at ₹50 per share.
Paid-up equity share capital increased to ₹279.02 crore.
No deviation in the use of proceeds from the rights issue.
Securities Broking Business Transfer:
The company transferred its securities broking business to its wholly owned subsidiary to comply with applicable regulations.
The subsidiary received SEBI Stockbroker cum Clearing Member Registration in July 2024 and SEBI Depository Participant Registration in November 2024.
Management Commentary
"Geojit continues to witness strong growth in the financial services sector, backed by steady fee income and a disciplined cost structure. The ongoing business realignment through our subsidiary will further enhance compliance and operational efficiency," stated the Chairman & Managing Director.
Outlook
Operational efficiency and market expansion remain top priorities.
Securities broking realignment expected to drive better compliance and regulatory adherence.
Investor confidence strengthened through the successful rights issue.
The company remains well-positioned for continued growth in FY25, backed by its strong financial services segment and an expanding client base.