Geojit reports 37% profit drop despite asset growth

Geojit Financial Services reported Q1 FY26 profit after tax of INR 2,867 lacs, down 37% year-on-year, with total income falling 15% to INR 15,330 lacs.

However, customer assets surged 23% year-on-year to INR 1,11,252 crore. Mutual fund assets under management grew 17% to INR 16,069 crore, while portfolio management services AUM jumped 30% to INR 1,451 crore. New clients increased 31% to 33,636.