Geojit BNP Paribas Q2 net up

Saturday, Oct 18, 2014,20:59 IST By metrovaartha A A A

Geojit BNP Paribas Financial Services, one of the leading financial services intermediaries in the country with a strong presence in the Gulf countries, has earned Rs 31 crore profit before tax in the second quarter of the financial year as against Rs 12.5 crore during the same period last year, registering 148 per cent growth over the previous year.
Announcing the second quarter results, Geojit BNP Paribas Managing Director C J George said the net profit after the tax of the company in the second quarter also went up to Rs 20 crore.
Regarding the consolidated revenues of the company, it has increased to Rs 82.4 crore from Rs 52.5 crore, recording an increase of 57 per cent, compared to the same quarter of the previous fiscal.
On a standalone basis, Revenue had also gone up by 64 per cent from Rs  44.8 crore to Rs  73.3 crore and PAT had gone up to Rs 18.1 crore compared to the second quarter of last year, a release said in Kochi today.
For the first time ever, the company’s Assets Under Management and Custody had gone up to Rs  21, 150 crore as on   September 30, 2014, he climed.