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GEOJIT FINANCIAL SERVICES Announces Quarterly Results (3QFY19); Net Profit Down 45.2%

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GEOJIT FINANCIAL SERVICES Announces Quarterly Results (3QFY19); Net Profit Down 45.2%
Mon, 21 Jan

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

GEOJIT FINANCIAL SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m913755683-9.6%-25.2%
Other incomeRs m95728213.2%-13.8%
TurnoverRs m1,007827764-7.6%-24.1%
ExpensesRs m648596566-5.1%-12.6%
Gross profitRs m255149117-21.5%-54.1%
DepreciationRs m353838-1.0%8.9%
InterestRs m222-18.2%0.0%
Profit before taxRs m313180159-12.0%-49.3%
TaxRs m10312944-65.8%-57.5%
Profit after taxRs m20952115122.1%-45.2%
Gross profit margin%27.919.717.1
Effective tax rate%33.171.327.7
Net profit margin%20.86.215.0
* 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 25.2% on a year-on-year (YoY) basis. The expenses were down by 12.6% YoY during the same period.
  • The company's operating profit declined by 54.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.1% in 3QFY19 as against 27.9% in 3QFY18.
  • Depreciation charges increased by 8.9% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 13.8% YoY during the quarter.
  • Net profit for the quarter declined by 45.2% YoY. Net profit margins during the quarter declined from 20.8% in 3QFY18 to 15.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.1% QoQ during the same period.
  • The company's operating profit declined by 21.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.1% in 3QFY19 as against 19.7% in 2QFY18.
  • Net profit for the quarter increased by 122.1% QoQ, while net profit margins increased from 6.3% in 2QFY18 to 15.0% in 3QFY19.

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 115.8 to Rs 44.1, registering a Loss of Rs 71.8 or around 62.0%.

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 44.1, the price to earnings (P/E) ratio of GEOJIT FINANCIAL SERVICES stands at 20.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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