Geojit Financial Services Ltd Q3FY23 consolidated net profit up QoQ at Rs. 24.26 crores

Geojit Financial Services Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 116.5404 crores during the period ended December 31, 2022 as compared to Rs. 112.2446 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 24.2672 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 23.0892 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.01 for the period ended December 31, 2022 as compared to Rs. 0.96 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹116.5404 crs	₹112.2446 crs	3.83%
Net Profit	₹24.2672 crs	₹23.0892 crs	5.10%
EPS	₹1.01	₹0.96	5.21%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.116.5404 crores during the period ended December 31, 2022 as compared to Rs.129.5773 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.24.2672 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.38.8653 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.01 for the period ended December 31, 2022 as compared to Rs.1.63 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹116.5404 crs	₹129.5773 crs	-10.06%
Net Profit	₹24.2672 crs	₹38.8653 crs	-37.56%
EPS	₹1.01	₹1.63	-38.04%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.330.8031 crores during the 9 Months period ended December 31, 2022 as compared to Rs.377.7848 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.68.6458 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.115.8480 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.87 for the 9 Months period ended December 31, 2022 as compared to Rs.4.85 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹330.8031 crs	₹377.7848 crs	-12.44%
Net Profit	₹68.6458 crs	₹115.8480 crs	-40.74%
EPS	₹2.87	₹4.85	-40.82%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹ crs	₹ crs	₹ crs
Gross NPA %	%	%	%
Net NPA	₹ crs	₹ crs	₹ crs
Net NPA %	%	%	%

Gross NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

Net NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

GNPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Net NPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	%	%	%
CAR (BASEL III) %	%	%	%

Return on Average Assets (RoA) is at % for Q3 FY2023 against % in Q2 FY2023 and % in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at %, as compared to % in Q2 FY2023 and % in Q3 FY2022.

Shares of Geojit Financial Services Limited was last trading in BSE at Rs. 47.60 as compared to the previous close of Rs. 48.70. The total number of shares traded during the day was 20574 in over 327 trades.

The stock hit an intraday high of Rs. 49.20 and intraday low of 47.15. The net turnover during the day was Rs. 988418.00.

Source : Equity Bulls

Keywords

GeojitFinancialServices Q3FY23 9MFY23 ResultUpdate