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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 NINE MONTHS PERIOD ENDED 31 DECEMBER 2017
( र In Lakhs )
Sr. No. Particulars For the Quarter Ended For the nine months period ended For the Year Ended
31.12.2017 30.09.2017 31-12-2016 31.12.2017 31.12.2016 31.03.2017
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Revenue            
  a) Revenue from operations 8,372 7,227 5,926 22,501 18,023 24,435
  b) Other income 583 741 564 2,277 1,688 2,240
  Total revenue 8,955 7,968 6,490 24,778 19,711 26,675
2 Expenses            
  a) Operating Expenses 1,871 1,738 1,273 5,233 4,146 5,619
  b)Employee benefits expense 2,483 2,209 1,984 6,802 6,103 8,032
  c) Finance costs 9 10 11 30 34 53
  d) Depreciation and amortisation expense 310 319 320 941 925 1,239
  d) Other Expenses 1,526 1,177 996 3,858 3,111 4,327
  Total Expenses 6,199 5,453 4,584 16,864 14,319 19,270
3 Profit before exceptional item and tax (1-2) 2,756 2,515 1,906 7,914 5,392 7,405
4 Exceptional Item (Refer Note 6)           (1,000)
5 Profit before tax (3+4) 2,756 2,515 1,906 7,914 5,392 6,405
6 Tax expense            
  a) Current tax 992 896 651 2,698 1,858 2,570
  b) Current tax for earlier years - - 10 - 10 10
  c) Deferred tax (39) (66) 8 (143) (25) (7)
  Total tax expense 953 830 669 2,555 1,843 2,573
7 Profit after tax for the period / year (5-6) 1,803 1,685 1,237 5,359 3,549 3,832
8 Paid-up equity share capital (face value of `1/- each) 2,376 2,372 2,353 2,376 2,353 2,355
9 Reserves excluding revaluation reserves as per last balance sheet           37,157
10 Earnings per share (of `1/- each) (not annualised)            
  a) Basic 0.76 0.71 0.53 2.26 1.51 1.63
  b) Diluted 0.75 0.70 0.52 2.22 1.51 1.63
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 results have 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 January 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 nine months period ended 31 December 2017 was on account of allotment of shares under ESOPs.
5) During the nine months period ended 31 December 2016,the company has incurred one time incremental gratuity provision amounting to`320 lakhs on account of restructuring of salary.
6) Exceptional item for the year ended 31 March 2017 represent the provision for diminution in value of investment held in a Jointly Controlled entity,M/s.Aloula Geojit Capital Company,Saudi Arabia. This does not have any impact on the Consolidated Financial Results of the Company, since the loss has already been considered.
7)The Nomination & Remuneration Committee at its meeting held on 2 September 2017,approved granting 11,97,312 options to the employees of the Company at the exercise price of`117.40 per share in ESOP 2016 approved by the shareholders on 4 August 2016.
8)Figures for the previous periods have been regrouped and/or reclassified wherever necessary to conform with the classification for the current period.