Geojit BNP Paribas announces second quarter results

Oct. 21, 2014 - PRLog -- Geojit BNP Paribas on 18 October 2014 announced its second quarter results for the fiscal year 2014-15, following the meeting of its Board of Directors at Kochi.

For the quarter under review, the highlights are:

Consolidated Revenues of the company increased by 57% from Rs. 52.5 crore to Rs. 82.4 crore, compared to the same quarter of the previous fiscal.

Profit Before Tax (PBT) has gone up by 148%to Rs. 31 crore from Rs. 12.5 crore from the year-ago period.

Profit After Tax (PAT) during the period under review went up to Rs. 20 crore.

On a standalone basis, Revenue has gone up by 64% from Rs. 44.8 crore to Rs. 73.3 crore and PAT has gone up to Rs. 18.1 crore, compared to the second quarter of last year.

For the first time ever, the company’s Assets Under Management and Custody has gone up to Rs. 21, 150 crore as on 30 September 2014.

Elaborating on the results, Geojit BNP Paribas Managing Director, C. J. George said, “The significant increase in the market volume has helped the company achieve better results.

During this quarter, the company added 14,000 new customers.”