Geojit Financial Services Ltd has announced its Q3 FY25 financial results, showcasing a steady performance across multiple parameters. The company recorded a 9.95% increase in sales, reaching Rs. 1,599 million, compared to Rs. 1,454.30 million in Q3 FY24. However, other income declined significantly by 67.23%, dropping from Rs. 18.31 million to Rs. 6 million.
Operational Performance
The company’s Profit Before Interest, Depreciation, and Tax (PBIDT) rose by 3.58%, reaching Rs. 573.25 million compared to Rs. 553.46 million in the previous quarter. Interest costs surged 75.80%, moving up from Rs. 43.39 million to Rs. 76.28 million. This increase in interest expenses slightly impacted profitability.
Profit Before Depreciation and Tax (PBDT) saw a 2.57% decline, standing at Rs. 496.97 million, compared to Rs. 510.07 million in Q3 FY24. Depreciation expenses increased by 10.04%, reaching Rs. 74.01 million, up from Rs. 67.26 million.
Profitability and Taxation
Profit Before Tax (PBT) fell by 4.48%, recording Rs. 422.96 million, compared to Rs. 442.81 million in Q3 FY24. Tax expenses declined by 2.46%, settling at Rs. 105.40 million, down from Rs. 108.06 million. Deferred tax surged negatively to -211.32%, reflecting a shift from -0.53 million to 0.59 million.
The company reported a 5.14% drop in net profit (PAT), which stood at Rs. 317.56 million, compared to Rs. 334.75 million in the same quarter last year. However, equity increased by 16.68%, reaching Rs. 279.03 million.
Profit Margins
The PBIDT margin declined by 5.80%, moving from 38.06% to 35.85%. The company has managed to sustain growth in revenue while facing higher costs in interest and depreciation, which slightly impacted net profits.
| Parameter | Q3 FY25 (Rs. Million) | Q3 FY24 (Rs. Million) | Change (%) |
|---|---|---|---|
| Sales | 1,599 | 1,454.30 | +9.95% |
| Other Income | 6 | 18.31 | -67.23% |
| PBIDT | 573.25 | 553.46 | +3.58% |
| Interest Costs | 76.28 | 43.39 | +75.80% |
| PBDT | 496.97 | 510.07 | -2.57% |
| Depreciation | 74.01 | 67.26 | +10.04% |
| PBT | 422.96 | 442.81 | -4.48% |
| Tax Expenses | 105.40 | 108.06 | -2.46% |
| Deferred Tax | 0.59 | -0.53 | -211.32% |
| Net Profit (PAT) | 317.56 | 334.75 | -5.14% |
| Equity | 279.03 | 239.14 | +16.68% |
| PBIDT Margin | 35.85% | 38.06% | -5.80% |
The Bottom Line
Geojit Financial Services Ltd displayed resilience in Q3 FY25, with steady revenue growth and controlled expenses. Despite a decline in other income and a rise in interest costs, the company continued to maintain profitability. Investors should watch for future cost optimization and income growth to drive better financial results in the upcoming quarters.
Disclaimer: This blog is for informational purposes only and should not be considered as financial advice or any buy/sell recommendations.
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