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Geojit BNP Paribas income up by 15 percent

Published: 14th January 2013 10:48 AM  |   Last Updated: 14th January 2013 10:48 AM   |  A+A-

Geojit BNP Paribas Financial Services Ltd’s consolidated income has gone up by 15 per cent from Rs 58.78 crore to Rs 67.75 crore for the third quarter ended in December.

Profit after tax (PAT) increased by 202 per cent from Rs 4.3 crore to Rs 13 crore. For the nine months in the current financial year, the income has reached `192.81 crore  from Rs 184.16 crore.

The PAT in the same period has gone up by 355 per cent from Rs 14.66 crore to Rs 66.77 crore, which includes an exceptional income of Rs 36 crore on account of the sale of its stake in the joint venture with BNP Paribas for institutional broking.

“Improvement in the market conditions and efficient cost management has helped the company to report better results,” said C J George, managing director, Geojit BNP Paribas.



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