Geojit Financial Services posts 52% profit fall, sets ₹1.50 dividend
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Geojit Financial Services Ltd. posted a sharp profit decline in FY2025‑26 while maintaining a solid capital base and announcing a ₹1.50 per share dividend.
- Consolidated revenue slipped 9% YoY to ₹67,108 lakhs; profit after tax plunged 52% YoY to ₹8,358 lakhs, driving basic EPS down to ₹2.88 (from ₹6.18).
- Wealth‑management remained the core driver, contributing ~92% of revenue (₹62,138 lakhs) but fell 10%, whereas other services rose 9% and unallocated revenue dropped 27%.
- The company proposed a ₹1.50 per share final dividend (record date 10 July 2026, AGM 24 July 2026).
- Executed a slump‑sale of its broking business to wholly‑owned Geojit Investments Ltd. for ₹48,562 lakhs (cash), a transaction eliminated in the consolidated statements.
- Balance sheet highlights: loans up 13% to ₹60,113 lakhs, investments surged to ₹11,733 lakhs, borrowings fell to ₹6,399 lakhs, and cash stands at ₹15,288 lakhs after a net cash outflow.
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