On the back of a 28% surge in equity revenue, Geojit Financial posted a super duper set of earnings for Q1FY21.
Its consolidated revenue increased 23% (YoY) to Rs.91 crore while PBT rose by a huge 208% at Rs.11 crore.
PAT for the quarter was up 668% at Rs.24 crore, up from Rs.3 crore.
As on 30 June 2020, the company’s assets under custody and management stood at Rs. 37,000 crore. During the quarter under review, the company added over 10,600 clients and now has around 10,56,800 clients.
Its total SIP count has risen from 400,000 to 425,000 (QoQ) and the SIP AUM stands at Rs.2248 crore v/s Rs.1798 crore (QoQ).
The stock price has reacted in a muted way to this performance; it initially rose over 5.5% to Rs.41.30 and is now trading at Rs.39 levels. Its 52-week high is at Rs.43.70 while the 10% UC of the day stands at Rs.43.