Geojit Financial Services Ltd. – FY2025‑26 Results & Key Updates

Date of Announcement: 29 April 2026

1. Financial Highlights (Consolidated)

• Revenue: ₹67,107.79 lakhs (‑9% YoY)
• Profit after tax: ₹8,358.01 lakhs (‑52% YoY)
• EPS (Basic): ₹2.88 (down from ₹6.18 last year)
• Total assets: ₹213,400.08 lakhs; Equity: ₹129,516.50 lakhs
• Cash & cash equivalents: ₹15,288.44 lakhs (decline due to investing outflows)
• Dividend proposed: ₹1.50 per share (subject to AGM approval)

2. Segment Performance

Wealth‑management remains the core driver, contributing ~92% of total revenue, but its growth slowed as market conditions tightened.

3. Dividend & Shareholder Matters

• Final dividend: ₹1.50 per equity share (₹1 face value).
• Record date: 10 July 2026.
• AGM: 32nd AGM scheduled for 24 July 2026.
• Dividend will be paid within 20 days of AGM if approved.

4. Strategic Transactions

• Slump‑sale of broking business to wholly‑owned subsidiary Geojit Investments Ltd. (GIL) for ₹48,561.18 lakhs (cash settled). The transaction is eliminated in consolidated statements.
• ESOP grant: 200,000 options under ESOS 2025 and 8,610,200 options under ESOS 2025‑2 at an exercise price of ₹74.77.
• Exceptional item: ₹885.63 lakhs charge for anticipated impact of new Labour Codes (Nov 2025).

5. Cash Flow Snapshot (Consolidated)

• Operating cash generated: ₹27,153.18 lakhs
• Investing cash used: ₹14,519.06 lakhs (major outflow on investments and PPE)
• Financing cash used: ₹10,853.66 lakhs (dividends, lease repayments, borrowings)
• Net cash change: –₹1,731.53 lakhs, leaving cash at ₹15,288.44 lakhs.

6. Balance Sheet Highlights

• Loans (financial assets): ₹60,113.14 lakhs (up 13% YoY) – reflects higher lending activity.
• Investments: ₹11,732.70 lakhs (up sharply from ₹1,737.70 lakhs last year).
• Borrowings (liabilities): ₹6,398.99 lakhs (down from ₹11,058.66 lakhs) – deleveraging trend.
• Provisions: ₹1,707.08 lakhs (up from ₹710.19 lakhs) – mainly for the labour‑code charge.

7. Risks & Opportunities

Risks

• Continued margin pressure from lower fee income and higher operating costs.
• Uncertainty around final regulatory impact of the Labour Codes.
• Integration risk of the broking business within the subsidiary.

Opportunities

• Wealth‑management segment can rebound with improved market sentiment.
• Expanded investment portfolio and higher loan book may boost interest income.
• ESOPs align management incentives with shareholder value creation.

8. Outlook

The company is navigating a transitional phase: profit contraction is offset by a solid capital base, ongoing dividend payout, and strategic restructuring aimed at focusing on higher‑margin wealth‑management activities. Investors should watch the post‑restructuring performance of the broking unit, the actual impact of labour‑code changes, and any guidance on revenue recovery in FY2026‑27.

Prepared on 29 April 2026 based on Geojit Financial Services Ltd. audited FY2025‑26 results.