GEOJITFSL
Geojit Financial Services share price & financials
- Price
- ₹78.35
- Market cap
- ₹2.1k Cr
- Sector
- Financial Services
- Calls analysed
- 5
Geojit Financial Services Limited Q1 FY27
What went well
- Revenue from operations grew 11% YoY to ₹160.40 crores.
- Profit after tax (PAT) increased 14% sequentially to ₹19.83 crores.
- Total customer assets rose 15% sequentially to ₹1.11 lakh crores, indicating strong client engagement.
What to watch
- Middle East conflict and FCNR product line are creating pressure on NRI business inflows.
- Near-term profitability is impacted by continued investments in technology, distribution, and people.
What Geojit Financial Services Limited does
Geojit Financial Services is an integrated investment-services and wealth-management firm offering equity and derivatives broking, mutual-fund and insurance distribution, portfolio management (PMS), alternative investment funds (AIF), loan-against-securities/mutual-funds lending, and NRI/GCC wealth advisory. It earns through broking commissions, interest income on its margin-trading and loan-against-shares book, and distribution/advisory fees on mutual funds, insurance, PMS and AIF products, delivered via a branch network, financial consultants and dealers, and proprietary digital trading and investment platforms. The company also runs joint ventures and subsidiaries across the Gulf (UAE, Bahrain, Oman, Kuwait), an IFSC unit at GIFT City, and a private-wealth entity in DIFC, Dubai serving NRI and international clients.
Segments
- Equity & Equity-Related (Transaction-based)
- Wealth Management / Financial Products (Recurring)
- Asset Management
- Treasury & Investment Income
- Technology & Platform Income
- Other Operating Income
- Offices (India + GCC)
- 524
- Geographic footprint
- 20 states and 3 union territories
- Employees
- 3,768
- Customers
- 16.7 lakh+
- Tier II/III concentration
- 78% of branches and 76% of clients based in Tier II & III cities
- Sales force (Financial Consultants + Dealers)
- 2,403
Guidance record · Q1 FY27
what the last two calls moved 12 tracked 1 delivered 4 missed 7 open- AIF Launch (GIFT City) delivered said Q4 FY26 Promised: Launch one AIF through the GIFT City route Q1 FY27: Management highlighted the fantastic performance of their 'Yield plus' AIF scheme. While the specific 'GIFT City route' was not re-confirmed, the launch of a successful AIF in the target period fulfills the promise.
- Wealth Management AUM went quiet said Q4 FY25 Promised: Grow AUM from ₹1,500 crores to ₹20,000 crores in 3 years Q1 FY27: No specific update provided on Wealth Management AUM. The closest metric, 'Asset Management Business AUM', was reported at ₹1,778 cr, but its direct comparability to the previously reported 'Private Wealth AUM' of ₹2,400 cr is unclear.
- DIFC Entity Profitability at risk said Q4 FY25 Promised: Turn profitable in about 3 years Q1 FY27: Management continues to highlight significant headwinds for the Middle East business due to geopolitical conflict and regulatory changes (FCNR), stating the mood is 'wait and watch'. This further jeopardizes the 3-year profitability timeline.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 11.1%, net profit down 31.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 218 | 172 | 177 | 144 | 170 −22% | 160 −7% | 182 +3% | 160 +11% |
| EBITDA | 94 | 63 | 52 | 38 | 39 −59% | 38 −40% | 30 −42% | 32 −16% |
| Net profit | 57 | 37 | 32 | 29 | 23 −60% | 14 −62% | 17 −47% | 20 −31% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +4.6% 1Y
1Y: ₹75.11 on 10 Sept 2025 → ₹78.6. High ₹83.7 (28 Aug 2026), low ₹52.54 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −3.4%
- 23 Jul
- Q4 FY26
- +0.6%
- 30 Apr
- Q2 FY26
- −3.6%
- 23 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 14.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 22.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹439 Cr | ₹614 Cr | ₹748 Cr | ₹656 Cr |
| Operating profit | ₹148 Cr | ₹228 Cr | ₹285 Cr | ₹145 Cr |
| Operating margin | 33.7% | 37.1% | 38.1% | 22.1% |
| Interest | ₹8 Cr | ₹17 Cr | ₹33 Cr | ₹10 Cr |
| Depreciation | ₹29 Cr | ₹29 Cr | ₹31 Cr | ₹38 Cr |
| Net profit | ₹101 Cr | ₹149 Cr | ₹172 Cr | ₹83 Cr |
| Net margin | 23.0% | 24.3% | 23.0% | 12.7% |
| ROCE | 14.0% | 19.0% | 19.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹28 Cr | ₹28 Cr |
| Reserves | ₹568 Cr | ₹673 Cr | ₹699 Cr | ₹808 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Borrowings | ₹36 Cr | ₹79 Cr | ₹114 Cr | ₹398 Cr | ₹131 Cr | ₹123 Cr |
| Other liabilities | ₹539 Cr | ₹639 Cr | ₹484 Cr | ₹791 Cr | ₹726 Cr | ₹810 Cr |
| Total liabilities | ₹1.2k Cr | ₹1.4k Cr | ₹1.3k Cr | ₹2.0k Cr | ₹2.0k Cr | ₹2.1k Cr |
| Fixed assets | ₹73 Cr | ₹85 Cr | ₹99 Cr | ₹112 Cr | ₹123 Cr | ₹152 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹4 Cr | ₹1 Cr | ₹9 Cr |
| Investments | ₹13 Cr | ₹12 Cr | ₹11 Cr | ₹14 Cr | ₹26 Cr | ₹117 Cr |
| Other assets | ₹1.1k Cr | ₹1.3k Cr | ₹1.2k Cr | ₹1.9k Cr | ₹1.9k Cr | ₹1.9k Cr |
| Total assets | ₹1.2k Cr | ₹1.4k Cr | ₹1.3k Cr | ₹2.0k Cr | ₹2.0k Cr | ₹2.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Geojit Financial Services Limited
Guides on how to read this kind of business and the numbers that matter.