Geojit Financial Services Ltd (GEOJITFSL)

Geojit Financial Reports Strong Q1 Results - 15 Jul, 2024

Geojit Financial Services reports a strong set of numbers for Q1FY25 with net profit surging 107.5% YoY to Rs 45.81 crore and consolidated revenue increasing by 56.2% YoY to Rs 181.2 crore. The company's board also approved raising funds of up to Rs 200 crore through the issue of equity shares on a rights basis.

Geojit Financial Services Faces Risk with Increased Leverage - 04 Jul, 2024

MTF ledger balances for Geojit Financial Services have increased by ₹16,500 crore since March 31, 2024 and nearly ₹23,000 crore this year. While risk management policies are in place, higher margins could pose challenges if stock prices decline.

Geojit Financial Services Stock Falls on SEBI Directive - 02 Jul, 2024

Geojit Financial Services' stock saw a decline of up to 6.83% due to SEBI's new guidelines for uniform charge structures across market members.

Geojit Financial Services Reports 120% Return in a Year - 30 Jun, 2024

Ace investor Rekha Jhunjhunwala holds a 7.29% stake in Geojit Financial Services, which reported a net profit margin of 23.94% in FY24. Despite a decline in total revenue by 39%, the company's profits increased from Rs. 100.96 Crores to Rs. 149.38 Crores.

Telangana sees significant increase in kharif crop acreage - 28 Jun, 2024

The area under paddy, maize, cotton, pulses, and oilseeds has significantly increased in Telangana this kharif season due to good rainfall. The state received moderate to good rain during the week, which is expected to continue till the arrival of monsoon over the weekend. Geojit Financial Services Ltd may benefit from the positive trend in agriculture.

Southwest Monsoon Current Likely to Impact Agriculture Sector - 26 Jun, 2024

The India Meteorological Department has announced that the southwest monsoon current is likely to advance to northern parts of Punjab and Haryana, some parts of Uttarakhand and Uttar Pradesh, and the remaining parts of Gujarat and Madhya Pradesh over the next 3-4 days. This news may impact the agriculture sector and therefore, Geojit Financial Services, which provides financial services related to agriculture.

Telangana sees surge in kharif crop area - 24 Jun, 2024

The area under kharif crops in Telangana has surged to 2 million acres, up from 153,889 acres last year. Maize, red gram, jowar, and soybean are the main crops grown. The southwest monsoon is active in the state, with moderate to good rainfall received all over during the week. However, the acreage is still lower than the normal kharif crop area of 13.1 million acres for the entire season by 85%.