KOCHI: Brokerage firm Geojit BNP Paribas Financial Services has clocked a net profit of Rs 13.06 crore in the second quarter of this fiscal, registering a 150 per cent growth over Rs 5.22 crore in the same period last year.

The Geojit Managing Director, Mr C.K. George, attributed the positive results to favourable market conditions and renewed investor confidence that have led to the growth of the company.

Revenue in the same period stood at Rs 80.95 crore, witnessing a growth of 60 per cent over Rs 50.61 crore in the corresponding period last year, he said.

The company’s profit before tax rose 110 per cent to Rs 22.11 crore from Rs 10.54 crore in the same period last year.

For the six months ended September, the company’s consolidated income rose 61 per cent to Rs 157.63 crore from Rs 97.96 crore during the same period last year.

Its consolidated profit before tax went up by 107 per cent to Rs 43.28 crore from Rs 20.88 crore, while consolidated net profit rose 113 per cent to Rs 26.31 crore from Rs 12.33 crore.

The company has added about 68,000 clients over the past year and is confident that these numbers will grow in this financial year, he added.

Geojit has opened new branches in North India, Gujarat, West Bengal and Orissa to reach out to local investors, he said. — PTI