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Geojit to pay 200% dividend

16 May, 2018 5:03 PM
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Geojit Financial Services has reported a profit after tax of ₹73.24 crore for the financial year ended March 31, 2018, against ₹56 crore during the year-earlier period, representing a 31% growth year-on-year.

According to a company statement here on Wednesday, total revenue rose 20% to ₹367.97 crore. Profit before tax was ₹115.21 crore, a growth of 26%.

The board proposed a dividend of ₹2 per share. Geojit MD C. J. George said: “Our continued focus on retail distribution of mutual fund SIP saw MF distribution income increase by 92% year-on-year.”

Also read: Suven Life Sciences stock dips 2% as Q1 profit jumps sharply but margin contracts

Source: thehindu.com

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