Geojit Financial Services Logs 73% PAT Surge to Rs. 52 Crore in Q4

Geojit Financial Services saw a 73% surge in quarterly profit, revenue rose 79%, and annual profit increased 48%. Assets under custody totaled Rs 93,000 crore. The company also approved an investment of $1 million in DIFC to expand its capital market operations.

Geojit Financial Services on Tuesday reported a 73 per cent rise in profit after tax to Rs 52 crore in the March quarter.

The company had recorded a profit after tax of Rs 30 crore in the year-ago period.

In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79 per cent to Rs 209 crore. It was at Rs 117 crore a year ago, according to a release.

For fiscal 2023-24, its profit after tax jumped 48 per cent to Rs 149 crore.

At the end of March, the company's assets under custody and management stood at Rs 93,000 crore.

The board of the company has also approved an investment of up to USD 1 million to establish an entity in Dubai International Financial Centre (DIFC) for expanding capital market business.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)