Geojit BNP
The company a set of very good numbers for Q4FY15 but given the fact that it is a broking firm and the markets were performing well this performance does not come as a surprise. On a 45% (YoY) rise in consolidated net revenue at Rs.74 crore, the company posted a turnaround in net profit at Rs.17 crore, up 4% (QoQ) and from a loss of Rs.11 crore. Employee cost forms the major chunk of its operating expenses, eating away 31% of the net revenue. YoY, employee cost has risen 33%. Total expenses rose 31% but higher revenue helped boost the EBITDA, up 78% (YoY) at Rs.25 crore and margins improved from 26.41% to 32.47%.
The company ended FY15 with a consolidated net profit of Rs.77 crore v/s loss of Rs.73 crore in FY14. The company’s cash balance has gone up by 32% to Rs.204 crore. As at 31st March 2015, BNP Paribas held 33.14% stake and other promoters comprises of CJ George and family holding 21.51%. Kerala State Industrial Development Corpn Ltd held 8.64% stake. Rakesh Jhunjhunwala holds 9.74% stake.