GEOJIT FINANCIAL SERVICES Announces Quarterly Results (1QFY19); Net Profit Down 22.0%

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GEOJIT FINANCIAL SERVICES Announces Quarterly Results (1QFY19); Net Profit Down 22.0%
Mon, 6 Aug

GEOJIT FINANCIAL SERVICES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

GEOJIT FINANCIAL SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m764871727-16.5%-4.9%
Other incomeRs m778685-1.1%9.8%
TurnoverRs m841957812-15.2%-3.5%
ExpensesRs m543621575-7.4%5.8%
Gross profitRs m211237142-40.1%-32.8%
DepreciationRs m373434-0.6%-8.7%
InterestRs m21214.3%-27.3%
Profit before taxRs m249288192-33.4%-23.2%
TaxRs m879565-31.3%-25.3%
Profit after taxRs m162193127-34.4%-22.0%
Gross profit margin%27.627.219.5
Effective tax rate%35.033.034.0
Net profit margin%19.320.215.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.9% on a year-on-year (YoY) basis. The expenses were up by 5.8% YoY during the same period.
  • The company's operating profit declined by 32.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 1QFY19 as against 27.6% in 1QFY18.
  • Depreciation charges and finance costs declined by 8.7% YoY and 27.3% YoY, respectively.
  • Other income increased by 9.8% YoY during the quarter.
  • Net profit for the quarter declined by 22.0% YoY. Net profit margins during the quarter declined from 19.3% in 1QFY18 to 15.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.4% QoQ during the same period.
  • The company's operating profit declined by 40.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 1QFY19 as against 27.2% in 4QFY18.
  • Net profit for the quarter declined by 34.4% QoQ, while net profit margins declined from 20.2% in 4QFY18 to 15.6% in 1QFY19.

To see how GEOJIT FINANCIAL SERVICES has performed over the last eight quarters, please visit here.

GEOJIT FINANCIAL SERVICES Share Price Performance

Over the last one year, GEOJIT FINANCIAL SERVICES share price has moved up from Rs 109.5 to Rs 74.5, registering a Loss of Rs 35.0 or around 32.0%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 74.5, the price to earnings (P/E) ratio of GEOJIT FINANCIAL SERVICES stands at 24.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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GEOJIT FINANCIAL SERVICES Announces Quarterly Results (4QFY19); Net Profit Down 61.6% (Quarterly Result Update)

Jun 12, 2019 | Updated on Jun 12, 2019

For the quarter ended March 2019, GEOJIT FINANCIAL SERVICES has posted a net profit of Rs 74 m (down 61.6% YoY). Sales on the other hand came in at Rs 712 m (down 18.3% YoY). Read on for a complete analysis of GEOJIT FINANCIAL SERVICES's quarterly results.

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