Geojit Financial Services Q1 revenues up by 13.4%

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B. Karthick

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Jul 14, 2008, 6:49:33 AM7/14/08
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Geojit Financial Services' Q1 consolidated revenues went up by 13.4
per cent to Rs 47.34 crore for the quarter ended June 30 as compared
to Rs 41.75 crore in the same period of the last fiscal year.

Consolidated net profit went down by 41.3 per cent to Rs 7.1 crore in
the first quarter of the current fiscal year compared to Rs 12.1 crore
in the same quarter of the previous fiscal. During the corresponding
quarter of the previous year, there was an exceptional profit arising
from the sale of shares in the Bombay Stock Exchange.

The fall in PBT after adjusting for the exceptional item is therefore
only 22.6 per cent. The company has also provided Rs.3.3 crores for
income tax for the first quarter of the fiscal year 2008-09.

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