Geojit Financial Q2 FY10 : Net up 150%
Geojit Financial Services is a brokerage company and posted net profit at Rs 13.06 crore in the Q2 of current fiscal. The company had recorded a net profit of Rs 5.22 crore in the corresponding quarter of the last fiscal. This is a increase of 150% in profit.
Favourable market conditions and renewed investor confidence in the company is the reason behind this positive result. The company has added about 68000 clients over the past year and is confident that these numbers will grow in this financial year.
Geojit is expanding itself and has opened new branches in North India, Gujarat, West Bengal and Orissa to reach out to local investors.
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