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Company Financials

QUARTERLY RESULTS
ANNUAL REPORT

Standalone
GEOJIT FINANCIAL SERVICES LIMITED
Reg.Office: 11th Floor, 34/659-P, Civil Line Road,
Padivattom, Kochi - 682024, Kerala
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS PERIOD ENDED 30 SEPTEMBER 2018
( र In Lakhs )
Sr. No. Particulars For the Quarter Ended For the six months period ended For the Year Ended
30.09.2018 30.06.2018 30.09.2017 30.09.2018 30.09.2017 31.03.2018
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Revenue            
  a) Revenue from operations 6.934 6,603 7,227 13,537 14,129 30,408
  b) Other income 739 568 741 1,307 1,694 3,010
  Total revenue 7,673 7,171 7,968 14,844 15,823 33,418
2 Expenses            
  a) Operating Expenses 1,336 1,398 1,738 2,734 3,362 6,994
  b)Employee benefits expense 2,507 2,446 2,209 4,953 4,319 9,306
  c) Finance costs 21 16 10 37 21 40
  d) Depreciation and amortisation expense 352 299 319 651 631 1,242
  d) Other Expenses 1,573 1,426 1,177 2,999 2,332 5,692
  Total Expenses 5,789 5,585 5,453 11,374 10,665 23,274
3 Profit before exceptional item and tax (1-2) 1,884 1,586 2,515 2,720 5,158 10,144
4 Exceptional Item (750) - - (750) - -
5 Profit before tax (3+4) 1,134 1,586 2,515 2,720 5,158 10,144
6 Tax expense            
  a) Current tax 638 609 896 1,247 1,706 3,555
  b) Income tax for earlier years - - - - - (12)
  c) Deferred tax (27) (50) (66) (77) (104) (148)
  Total tax expense 611 559 830 1,170 1,602 3,395
7 Profit after tax for the period / year (5-6) 523 1,027 1,685 1,550 3,556 6,749
8 Paid-up equity share capital (face value of `1/- each) 2,382 2,381 2,372 2,382 2,372 2,379
9 Reserves excluding revaluation reserves as per last balance sheet           41,180
10 Earnings per share (of `1/- each) (not annualised)            
  a) Basic 0.22 0.43 0.71 0.65 1.50 2.85
  b) Diluted 0.22 0.42 0.70 0.64 1.48 2.79
See the accompanying notes to the financial results.
Notes:
1) The Company operates in only one business segment, viz., broking and financial services, and its operations are located only in India.
2) The above financial result shave been reviewed by the Audit Committee and recommended for adoption to the Board of Directors.The Board of Directors of the Company have considered and approved the same at its Meeting held on 24 October 2018.
3) The Statutory Auditors have carried out a review of the standalone financial results as required under Regulation 33 of the SEBI(Listing Obligations and Disclosure Requirements)Regulations,2015 ("Listing Regulations") and have issued an unmodified report thereon.
4) The change in paid-up share capital during the quarter and six months period ended 30 September 2018 was on account of allotment of shares under ESOPs.
5)The Other Expenses for the quarter and six months period ended 30 September 2018,include kerala flood related expenses amounting to '133 lakhs, including the contribution to chief minister distress relief fund '100 lakhs'.
6) Exceptional item for the quarter and six months period ended 30 September 2018 represent the provision for diminution in value of investment held in a jointly controlled entity, M/s. Aloula Geojit Capital Company, Saudi Arabia
7)The Nomination & Remuneration Committee approved granting the following options to the employees of the Company during the six months period ended 30 September 2018:
 
Scheme No of options Excercise price Shareholder approval date Nomination & Remuneration committee approval date
Employee stock option scheme 2016 261,250 101.15 04.08.2016 23.04.2018
Employee stock option scheme 2017 400,000 98.20 22.11.2017 16.05.2018
8)Figures for the previous periods have been regrouped and/or reclassified wherever necessary to conform with the classification for the current period.