Geojit Financial Reports Steady Q2: Profit Rises to Rs 223.7 Million on Strong Broking Momentum

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Geojit Financial Services reported a 22.27% decline in consolidated revenue to Rs 1.7 billion and a 60.09% drop in net profit to Rs 223.7 million for Q2 FY26. The company also saw significant leadership changes with the retirement of Executive Director A Balakrishnan. Key operational and financial details reveal the challenges faced in a tight market.

Geojit Financial Services Limited announced its Q2 FY26 financial results, detailing a notable decline in both revenue and profits compared to the previous year. Consolidated total revenue from operations for the quarter ended September 30, 2025, was Rs 1.7 billion (Rs 169.8 crore), down by 22.27% year-on-year. The consolidated net profit plummeted by 60.09% to Rs 223.7 million (Rs 22.37 crore), reflecting the pressures faced across its business lines in a challenging macroeconomic environment.

Key Highlights:

Revenue reduction to Rs 1.7 billion from Rs 2.18 billion in Q2 FY25, a 22.27% decline.
Net profit dropped sharply to Rs 223.7 million from Rs 558 million in Q2 FY25, representing a 60.09% decrease.
Earnings before interest and tax (EBIT) also saw contractions, indicating margin pressures.
For the half-year (H1 FY26), total revenue stood at Rs 3.23 billion, down 19.16%, while profit after tax nearly halved at Rs 494.8 million.
The company's leadership witnessed a transition with the retirement of Executive Director A Balakrishnan, a key figure for over 27 years, credited with spearheading India’s first online stock broking platform at Geojit.
Mr. Jayakrishnan Sasidharan assumed executive responsibilities, bringing over two decades of experience from companies like Adobe, Wipro, and TCS.
The Board announced plans for a postal ballot to appoint Mr. Vishnuraj P as Nominee Director of KSIDC.
Employee stock option schemes (ESOS 2024 and 2025) were also activated with over 8.8 million options granted.

The financial results indicate that Geojit Financial Services is navigating a period of business headwinds marked by declining volumes and profitability in capital markets. Strategic leadership changes are aimed at steering the company towards recovery and growth amid evolving market dynamics. Investors and stakeholders will closely watch the upcoming quarters for signs of operational turnaround.

Sources:Geojit Financial Services Q2 FY26 Results Report, Reuters; Geojit official investor relations and market disclosures; ScanX Trade; CNBC TV18.

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