Geojit Financial Services Limited — Updates, 30-01-2025: Press Release

Geojit Financial Services has reported its third quarter results for FY 2024-25. The consolidated net profit for the quarter ended December 31, 2024, stands at Rs. 37 Crore, reflecting a 2% decrease from Rs. 37.91 Crore in the same quarter last year. Consolidated revenue saw a year-on-year increase of 12%, rising from Rs. 153.92 Crore to Rs. 172.11 Crore. However, this marks a 21% decline compared to the previous quarter.

Key financial metrics demonstrate EBITDA growth of 5% year-on-year, from Rs. 61.41 Crore to Rs. 64.24 Crore, while profit before tax (PBT) is down by 1% to Rs. 47.53 Crore year-over-year, with a significant quarterly decline of 37%. As of December 31, 2024, Geojit manages assets worth Rs. 1,06,580 Crore and serves approximately 14.82 lakh clients. The company continues to solidify its presence in the investment services sector, which could present further growth opportunities as market conditions evolve. Investors should monitor Geojit's performance closely.