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This Article is From Jul 30, 2021

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

Geojit Financial Services - Cash Focused Business Model Best Suited: ICICI Direct
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STOCKS IN THIS STORY
Geojit Financial Services Ltd.
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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.

ICICI Direct Report

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
VIEW DOCUMENT

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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