Due to unavoidable circumstances, Geojit BNP Paribas Financial Services has postponed its meeting of Board of Directors scheduled for today 15th October. This board meeting was essentially to consider and publish the company’s financial results for quarter and half year ended 30th September 2013. New board meeting date is yet to be intimated by the company.

On the back of this news, share price has softened by 2% and is now down to Rs. 17.50 per share, as against price ruling higher in early morning trade, touching a day’s high of Rs. 18.90. Broader Nifty is down about half percent at 6,080.

For FY13, this Kochi-headquartered and Middle East-focused company had reported consolidated revenue of Rs. 238 crore and earned net profit of Rs. 82 crore, leading to EPS of Rs. 3.58. During Q1FY14, revenues were Rs. 54 crore, but net profit slipped to Rs. 16.5 crore, resulting in EPS of just Rs. 0.72. This brokerage house also has about Rs. 133 crore exposure on behalf of clients on commodity trade receivables from NSEL, of which Rs. 104 crore is funded by the group.

On a consolidated net worth of Rs. 486 crore as of 30th June 2013, company’s current market cap is Rs. 404 crore with promoters holding 63.01% (of which a majority of 33.58% by BNP Paribas) while Rakesh Jhunjhunwala (also on the company's board) owns 7.88% stake, as of 30th June 2013.