Geojit BNP

The company a set of very good numbers for Q1FY15 but given the fact that it is a broking firm and the markets were performing so well, this does not come as a surprise. On a 55% (YoY) and QoQ, rise in consolidated net revenue at Rs.79 crore, the company posted a net profit at Rs.23 crore, up 44% (YoY) and sequentially a turnaround from the Q4 loss of Rs.11 crore. Employee cost forms the major chunk of its operating expenses, eating away 28% of the net revenue. YoY, employee cost has risen 29%.  What makes the jump in net profit all the more good is the fact that in previous Q1, the company had an exceptional, one-time income of Rs.7 crore, which was the last installment of payment on account of stake sale in Institutional JV. But for this, the YoY gain in current Q1 would have been much higher.

For the first time ever, the company’s assets under management and custody has gone up to #8377;19,500 crore as on June 30, 2014. As at 3oth June 2014, BNP Paribas holds 33.58% stake and other promoters comprises of CJ George holding 18.46% stake, Shiny George holding 2.21% and Kerala State Industrial Development Corpn Ltd holding 8.76% stake. Rakesh Jhunjhunwala has 7.88% stake.