Geojit Financial Services on Tuesday reported a 73% rise in profit after tax to Rs 52 crore in the March quarter. The company had recorded a profit after tax of Rs 30 crore in the year-ago period.
In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79% to Rs 209 crore. It was at Rs 117 crore a year ago, according to a release.
For fiscal 2023-24, its profit after tax jumped 48% to Rs 149 crore.
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At the end of March, the company's assets under custody and management stood at Rs 93,000 crore.
The board of the company has also approved an investment of up to $1 million to establish an entity in Dubai International Financial Centre for expanding capital market business.
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