Geojit FY22 profit up 22 pc to Rs154cr

BBN Bureau

Proposes 300 pc final cash dividend

KOCHI/April 29-2022: Geojit Financial Services has reported net profit of Rs35.80 crore for the fourth quarter (Q4) ending March 31, 2022 on a consolidated basis compared with Rs37.55 crore for the same period a year ago and Rs39.83 crore in the prior quarter that ended December 31, 2021.

On an annual basis, the company reported net profit of Rs154.12 crore for the financial year ending March 31, 2022 compared with Rs126.80 crore for the previous financial year, representing a growth of 21.55 per cent.

On a standalone basis, Geojit reported net profit of Rs142.70 crore for the full year ending March 31, 2022 and Rs31.77 crore for the fourth quarter (Q4) ending March 31, 2022.

The consolidated total income for the fourth quarter (Q4) at Rs123.80 crore was a shade lower compared with that in the previous quarter ending December 31, 2021 at Rs129.58 crore and marginally higher compared with profit for the same period last year at Rs122.56 crore.

The total income for the whole year, FY22 at Rs501.13 crore was 17.41 per cent more than that in the previous year at Rs426.81 crore.

300 pc dividend

The board has recommended a final dividend of Rs 3 per equity share of Re1 each for the financial year 2021-22 for the approval of the shareholders of the company.

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