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Geojit Financial Services Q4 profit rises 26% to Rs 19 crore

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KochI: Geojit Financial Services has clocked 26% increase in net profit at Rs 19.28 crore for Q4 in 2017-18 from a year ago.

The consolidated revenue went up 20% to Rs 95.66 crore for the quarter. For the whole year of 2017-18, the net profit increased 31% from previous year to Rs 73.24 crore.

The revenues rose 20% to Rs 367.95 crore . The company has proposed a dividend of Rs 2 per share on the paid up value of Rs 1 per share.

The company’s assets under custody and management stood at Rs 38600 crore as on March 31, 2018. Speaking about the results, Geojit MD C J George said : ``Our continued focus on the retail distribution of mutual fund SIP saw the company’s MF distribution income increase by 92% year-on-year.

We have added 90,000 new clients during the year.’’




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