Q3 FY26: PAT falls 64% YoY on broking biz transfer; Rs 896L Labour Code charge
GEOJITFSL · price
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.0 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Geojit Q3 FY26 consolidated PAT Rs 1,303.58 lakhs vs Rs 3,593.53 lakhs YoY. PBT Rs 1,633.76 lakhs after Rs 895.88 lakhs exceptional charge for new Labour Codes. Revenue from operations Rs 16,010.75 lakhs vs Rs 17,168.81 lakhs. 9M FY26 PAT Rs 6,251.67 lakhs vs Rs 13,605.79 lakhs. Sharp fall reflects transfer of broking business to subsidiary in March 2025, now shown as discontinued operations. Standalone continuing ops PAT rose to Rs 1,498.09 lakhs from Rs 1,149.57 lakhs. Auditors BSR Associates gave unmodified review report.
Profit drop is mostly an accounting effect from the broking biz handoff, not core weakness. One-time Labour Code charge may dent near-term sentiment.