India's Geojit Financial Services falls on drop in qtrly profit

Geojit Financial Services

02/11/2022 06:20

** Shares of Geojit Financial Services Ltd  GEOJ.NS  fall as
much as 3.9% to 46.65 rupees, their sharpest intraday pct loss
since Oct. 20  
    ** Investment services co late on Tuesday posted a 41.6%
drop in Sept-qtr consolidated net profit to 230.9 mln rupees
($2.79 million) from 395.2 mln rupees a year ago 
    ** Consolidated total revenue from operations dropped 11.7%
to 1.12 bln rupees, while total expenses rose by 9.5% Y/Y to
810.8 mln rupees
    ** Employee benefit expenses weighed most in the total
expenses at 390.7 mln rupees for the quarter
    ** More than 345,000 shares traded as of 0615 GMT, vs 30-day
avg of 396,814 shares
    ** GEOJ shares have fallen 35.5% YTD, as of last close
($1 = 82.7050 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))