September quarter profit falls 30% as core operations use cash
GEOJITFSL · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.2 pts more 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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Group revenue rose 2.6% to Rs 16,582.35 lakh, but profit after tax fell 30.4% to Rs 1,544.19 lakh from Rs 2,218.37 lakh. Earnings per share was Rs 0.59. In six months, core operations used Rs 13,708.40 lakh versus Rs 2,316.97 lakh generated last year. Reviewers found no material issue. Another firm reviewed June, while Price Waterhouse reviewed September, indicating a midyear auditor change. It is seeking cancellation of its stock broking licence.
Falling profit and a large core cash outflow may hurt sentiment, though revenue rose slightly and reviewers found no material issue.