Geojit Financial Services532285Quarterly results

Independent director re-appointed for second 45-month term; Q2 profit after tax Rs. 1,544.19 lakh

Board of Geojit Financial Services met on 23.10.2026.

By ScoutQuest · Fri 23 Oct 2026, 6:49 PM IST · 2 min read

Q2 consolidated revenue from operations: Rs. 16,582.35 lakh
Q2 consolidated profit after tax: Rs. 1,544.19 lakh, against Rs. 2,218.37 lakh a year earlier
Q2 basic EPS: Rs. 0.59, against Rs. 0.80

The Board of Geojit Financial Services met on 23.10.2026 and approved four things: the September-quarter results, the re-appointment of an independent director, the withdrawal of a promoter reclassification request, and a postal ballot.

Independent director re-appointment

Mr. Sebastian Morris (DIN: 00037228) has been re-appointed as a Non-Executive Independent Director.
The second term is for 45 consecutive months, with effect from 16.11.2026.
He is not related to any Directors or Key Managerial Personnel or Promoters of the Company.
The Board approved the re-appointment at its meeting held on 23.10.2026.

Promoter reclassification applications withdrawn

The Board approved withdrawing the applications that sought reclassification of certain Promoter Group members from the "Promoter/Promoter Group" category to the "Public" category. This follows the Company's earlier intimation dated 22nd July 2026. With the applications withdrawn, that requested change of category is not being pursued.

Postal ballot

The Board approved seeking shareholders' approval through postal ballot under Section 110 of the Companies Act, 2013, for the resolutions to be set out in the Postal Ballot Notice, relating, inter alia, to changes in the Directorate/Management of the Company. Mr. Satheesh Kumar N, Practicing Company Secretary, Kochi, has been appointed as scrutinizer for the voting and remote e-voting process.

September quarter, consolidated and unaudited

Revenue from operations: Rs. 16,582.35 lakh, against Rs. 16,168.22 lakh in the same quarter a year earlier.
Total income: Rs. 17,134.70 lakh, against Rs. 17,294.58 lakh.
Profit before tax: Rs. 2,062.10 lakh, against Rs. 3,030.57 lakh.
Profit after tax: Rs. 1,544.19 lakh, against Rs. 2,218.37 lakh.
Basic earnings per share: Rs. 0.59, against Rs. 0.80 (not annualised for interim periods).
Six months ended 30 September 2026: revenue from operations Rs. 32,622.72 lakh and profit after tax Rs. 3,404.78 lakh.

Where the revenue came from

Wealth management contributed segment revenue of Rs. 16,153.23 lakh for the quarter, out of total segment revenue of Rs. 17,013.04 lakh before inter-segment elimination of Rs. 430.69 lakh; other services contributed Rs. 859.81 lakh.

Auditor's review

Price Waterhouse Chartered Accountants LLP has issued its review report on the consolidated and on the standalone unaudited results, with an unmodified conclusion.

Points a retail investor may note

The director re-appointment takes effect from 16.11.2026, and the shareholder approval route the Board has chosen for directorate/management changes is a postal ballot.
For the quarter, revenue from operations was slightly higher than a year earlier, while profit after tax was lower than the Rs. 2,218.37 lakh reported in the same quarter a year earlier.

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