Geojit Financial Services Q2 Results Live : Geojit Financial Services declared its Q2 results on October 17, 2024, showcasing a remarkable year-on-year growth. The topline revenue surged by 51.69%, while profit saw an impressive increase of 54.11%, marking a strong quarter for the company.
In comparison to the previous quarter, Geojit reported a revenue growth of 20.74% and a profit increase of 25.88%. This consistent upward trend indicates robust operational performance and effective cost management.
However, it is worth noting that selling, general, and administrative expenses rose significantly, with a 27.32% increase quarter-on-quarter and a staggering 52.14% year-on-year. This rise in expenses could be a point of concern for investors as it may impact profitability in future quarters.
The operating income also reflected positive momentum, rising by 27.22% quarter-on-quarter and an impressive 74.46% year-on-year. This growth in operating income is a testament to Geojit’s strong market position and effective revenue generation strategies.
Earnings per share (EPS) for the quarter stood at ₹2.11, marking a 39.05% increase year-on-year, further showcasing the company’s financial health and commitment to delivering value to its shareholders.
Geojit Financial Services has demonstrated significant returns in the recent past, with a 9.46% return in the last week, a remarkable 108.88% return over the last six months, and an impressive 111.02% return year-to-date. These figures highlight the company’s potential for growth and resilience in the financial market.
As of now, Geojit Financial Services boasts a market capitalization of ₹4145.41 crore, with a 52-week high of ₹159.37 and a low of ₹46.10. The stock’s performance reflects investor confidence and the company’s strong fundamentals.
Geojit Financial Services Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 218.35 | 180.84 | +20.74% | 143.94 | +51.69% |
| Selling/ General/ Admin Expenses Total | 71.51 | 56.16 | +27.32% | 47 | +52.14% |
| Depreciation/ Amortization | 7.51 | 7.45 | +0.79% | 7.2 | +4.28% |
| Total Operating Expense | 131.87 | 112.87 | +16.84% | 94.38 | +39.73% |
| Operating Income | 86.47 | 67.97 | +27.22% | 49.57 | +74.46% |
| Net Income Before Taxes | 75.52 | 59.74 | +26.42% | 48.32 | +56.29% |
| Net Income | 56.03 | 44.51 | +25.88% | 36.36 | +54.11% |
| Diluted Normalized EPS | 2.11 | 1.86 | +13.54% | 1.52 | +39.05% |
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