Geojit BNP Paribas Q3 profit rises 21%

KOCHI: Broking firm Geojit BNP Paribas Financial Services Ltd registered a profit after tax (PAT) of Rs 15.75 crore in the third quarter ended on December 31, 2013, an increase of 21% from Rs 12.99 crore in the year-ago period.
The Kochi-based company's consolidated income dropped 8% to Rs 62.02 crore from Rs 67.75 crore in the same period last year, it said in a statement.
Profit before tax (PBT) was up by 9%to Rs 22.41 crore from Rs 20.54 crore a year ago. During the third quarter, the company's assets under custody and management crossed Rs 15,000-crore mark for the first time.
"The improvement in market volumes, increase in software export revenue and tight control of costs during the third quarter helped increase the profit. During this quarter, the company added 10,000 new customers," said C J George, managing director of the company.