Latest news with #GeojitFinancial
Mint
16-07-2025
- Business
- Mint
Earnings Impact! Geojit Financial shares slip over 6% as Q1 profit plummets 37%
Shares of Geojit Financial Services tumbled over 6 percent on Wednesday, July 16, after the brokerage released underwhelming first-quarter results for FY26. A steep 37 percent year-over-year drop in consolidated net profit to ₹ 28.67 crore rattled investors, overshadowing the firm's strategic updates and leading to renewed scrutiny of its financial health. Geojit Financial reported a sharp decline in both net and pre-tax profits. Consolidated net income fell to ₹ 28.67 crore from ₹ 45.49 crore in Q1 FY25, marking an 11 percent sequential drop from ₹ 32.12 crore in Q4 FY25. The company's profit before tax (PBT) also dropped significantly, falling 39 percent year-over-year to ₹ 36.64 crore from ₹ 59.74 crore, and dipping 8 percent sequentially. A key contributor to the reduced profitability was a decline in revenue. Total consolidated revenue for the quarter slid 15 percent year-over-year to ₹ 153.30 crore, down from ₹ 181.18 crore in the previous year. Sequentially, revenue decreased by 14 percent compared to ₹ 177.45 crore in Q4 FY25. Similarly, EBITDA plunged 53.0 percent to ₹ 32.78 crore, down from ₹ 69.77 crore recorded in Q1 FY25 — a clear indication of contracting margins. Despite weak earnings, Geojit Financial achieved significant progress in its strategic reorganisation. In February, the company announced it had secured all necessary regulatory approvals to transfer its core securities broking, margin financing, depository participant services, and research analyst operations to its wholly-owned subsidiary, Geojit Investments Ltd (GIL). The definitive Business Transfer Agreement, signed in December 2024, stipulates the migration of operations and personnel on March 21, 2025. These segments collectively generated ₹ 300.23 crore in revenue during FY23 and represented 71.6 percent of standalone turnover. They also accounted for ₹ 336.25 crore — or 58 percent — of Geojit's standalone net worth. The transfer is expected to streamline operations and sharpen the parent company's focus on strategic growth and capital efficiency. The Q1 earnings slump triggered a sharp market reaction: shares slid to an intraday low of ₹ 77.26, plummeting about 51 percent from their 52-week high of ₹ 159.30 hit in July 2024. The stock briefly touched a 52-week low of ₹ 60.80 in March 2025 and has declined roughly 25 percent over the past year. Meanwhile, just in July so far, the stock has shed 10 percent after 4 months of gains including a 2.5 percent rise in June, a 12.8 percent jump in May, and a 4 percent increase in April. This was preceded by two weak months: a 20 percent drop in February and a 23 percent loss in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
16-07-2025
- Business
- Business Standard
Geojit Financial shares fall 6% on disappointing Q1 results; check details
Geojit Financial Services share price today: Shares of investment services provider Geojit Financial Services fell around 6 per cent to hit an intraday low of ₹77.31 on the NSE after the company posted its June quarter numbers for fiscal 2025-26 (Q1FY26). At 9:40 AM, Geojit Financial share price was trading at ₹77.66 per share, down 5.63 per cent compared to its previous day's close of ₹77.31 on the NSE. In comparison, the NSE Nifty50 was down 34.25 points or 0.14 per cent at 25,161.55. The company's total market capitalisation stood at ₹2,166.91 crore. The stock has plunged over 51 per cent from its 52-week high of ₹159.46 touched on September 17, 2024. Geojit Financial Q1FY26 results In the quarter ended June 30, 2025, Geojit Financial reported consolidated profit after tax (PAT) of ₹28.67 crore, down 37 per cent from ₹45.81 crore in the year-ago period. The company's total income stood at ₹153.3 crore, down 15 per cent compared to ₹181.18 crore in Q1FY25. Its profit before tax (PBT) also fell 39 per cent to ₹36.64 crore in the reported quarter compared to ₹59.74 crore in the year-ago quarter. On a sequential basis, the total income fell 14 per cent from ₹177.48 crore reported in the March 2025 quarter. Profit after tax declined 11 per cent from ₹32.21 crore in the previous quarter. The company's operational income fell 15 per cent year-on-year (Y-o-Y) to ₹153.15 crore compared to ₹181.07 crore in the year-ago period. Track Stock Market LIVE Updates About Geojit Financial Services Geojit Financial Services is an investment services provider with a strong presence in the Gulf Cooperation Council (GCC) countries. As of June 30, 2025, the company's customer assets stood at ₹1.11 trillion, and it has 1.55 million clients. The company has a network of over 500 offices spread across India and the GCC. BNP Paribas, CJ George, and Kerala State Industrial Development Corporation (KSIDC) are the promoters of the company. CJ George is the chairman and managing director at Geojit. In the GCC region, the company has joint ventures and partnerships with Barjeel Geojit Financial Services in the UAE, BBK Geojit Business Consultancy and Information (KSCC) in Kuwait and QBG Geojit Securities LLC in Oman. The company also has a presence in Bahrain through a business partnership with the Bank of Bahrain and Kuwait.
Hans India
14-07-2025
- Business
- Hans India
Top 5 triggers behind Sensex's 1,459 point fall in just 4 days!
The Indian stock market has faced a sharp four-day decline, with the Sensex tumbling 1,459 points (1.74%) to close at 82,253.46 on July 14. The Nifty 50 followed suit, shedding 1.72% to settle at 25,082.30—dropping below the critical 25,100 mark. In contrast, BSE Midcap and Smallcap indices defied the trend, rising 0.67% and 0.57%, respectively, on Monday. So, why is the market falling? Here are five major reasons: 1. Trade War Tensions Global sentiment took a hit after U.S. President Donald Trump ramped up tariffs—35% on Canadian imports and 30% on goods from Mexico and the EU, effective August 1. While there's talk of a US-India interim trade deal with tariffs under 20%, uncertainty around it is creating nervousness in the market. "Any delay or disappointment in a US-India deal could further dampen market sentiment," says VK Vijayakumar, Chief Investment Strategist, Geojit Financial. 2. Shift Toward Mid and Small-Caps Retail investors are gravitating toward mid- and small-cap stocks, eyeing faster growth and better valuations. With over 22 crore registered investors in India and six lakh new entrants weekly, this segment has become the new hotspot. 'The broader markets could continue to outperform in the near term,' notes G. Chokkalingam of Equinomics Research. 3. FPI Selling Pressure After four months of consistent inflows, foreign investors have turned net sellers, offloading over ₹10,000 crore worth of equities in July (till the 11th). Since FPIs hold large positions in blue-chip stocks, this has directly impacted the benchmarks. 4. High Valuation Concerns The Nifty 50's PE ratio is currently 22.6—above its 1-year average of 22.2. With Q1 earnings expected to be mixed and stronger growth projected only by Q3 FY26, investors are wary of stretched valuations. 5. Technical Weakness Experts point to key resistance and support levels being breached. Kotak Securities' Shrikant Chouhan believes the markets may slide further toward 81,200 unless the Sensex crosses 83,200 and Nifty breaches 25,350 convincingly. LKP Securities' Rupak De warns that a drop below the 24,900 level on the Nifty could signal a deeper correction phase. 📉 In Summary: A combination of global trade concerns, shifting investor focus, FPI exits, overvalued benchmarks, and technical signals are driving the market down. While mid- and small-caps are holding firm for now, the broader trend suggests caution ahead unless key support levels hold.
Time of India
26-05-2025
- Automotive
- Time of India
Dalaal street back to winning ways
MUMBAI: The sensex closed higher for the second straight session on Monday, driven by gains in auto and IT shares amid easing global trade tensions and supportive domestic factors, including a bumper dividend from RBI and early monsoons. The sensex rose 455 points (0.6%) to close at 82,176, its highest level in over a week. Nifty added 148 points (0.6%) to end at 25,001, a level last seen on May 16. The market opened on a strong note and surged over 770 points during intra-day trade before paring some gains. Buying was broad-based across sectors, with auto, IT, FMCG, and metal stocks leading the advance. "The US decision to consider extending the deadline for imposing aggressive tariffs on the EU, coupled with a decline in the dollar index, contributed to a rebound in the domestic equity markets," said Vinod Nair of Geojit Financial. "Additionally, the early onset of the monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets." Investor sentiment was further buoyed by RBI's record Rs 2.7 lakh crore dividend payout to govt, which analysts said would support fiscal consolidation. According to V K Vijayakumar of Geojit Financial, RBI's dividend will help contain the fiscal deficit target for FY26 at 4.4%, which will support lower interest rates. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Anvisa aprova solução para ajudar a reduzir gordura visceral da barriga em 7 dias! Você Mais Saudável Hoje Saiba Mais Undo FIIs were net purchasers, buying Rs 135 crore worth of stocks, while domestic institutions made purchases worth Rs 1,745 crore. Among sensex stocks, Mahindra rose the most, up 2.2%, followed by HCL Tech, Tata Motors, Nestle, ITC, HUL, L&T, and Tech Mahindra. On Nifty, Divi's Labs jumped 3.5% on signing a global pharma supply deal, while JK Cement surged 6% after reporting strong volume growth. Eternal (earlier known as Zomato) fell 4.5%, the worst performer on the sensex after FTSE and MSCI reduced the stock's weightage. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
