ECONOMY

Geojit Financial Services – Cash Focused Business Model Best Suited: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Geojit Financial Services Ltd. is an investment service company in India with a presence in Middle East via subsidiaries, joint ventures and partnerships and has 466 offices throughout India and the Middle East.

The company has a total client base of 11.2 lakh as on June 2021.

Cash average daily turnover market share for the company was at 0.92%.

Geojit Financial reported a mixed performance in Q1 FY22.

Yearly revenue grew 33% to Rs 115 crore, brokerage income up 27% YoY.

Expenses declined 5.1% YoY, with profit after tax up 57% YoY to Rs 35.1 crore.

Total ADTO up 56% YoY but down 12.1% QoQ at Rs 3376 crore.

Click on the attachment to read the full report:

ICICI Direct Geojit Company Update.pdf

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