Geojit reports Q2 FY26 profit drop, announces executive changes

Geojit Financial Services Ltd. reported a consolidated net profit of ₹23 crore for Q2 FY26, a 59% year-over-year decrease from ₹57.42 crore in Q2 FY25, and an 18% quarter-over-quarter decrease from ₹28.67 crore in Q1 FY26. Consolidated revenue also saw a 21% year-over-year decline to ₹172.94 crore from ₹218.55 crore in Q2 FY25, though it was up 13% quarter-over-quarter from ₹153.30 crore in Q1 FY26. Profit before tax mirrored this trend, decreasing by 60% year-over-year and 17% quarter-over-quarter.

Alongside the financial results, Geojit announced the retirement of A. Balakrishnan, executive director, effective October 20, 2025, after 27 years of service. He will continue as an advisor. Jayakrishnan Sasidharan, who joined in June 2025, will assume executive leadership responsibilities. The board also approved a postal ballot to seek shareholder approval for the appointment of Vishnuraj P. as nominee director of Kerala State Industrial Development Corporation Limited (KSIDC).

As of September 30, 2025, the company’s customer assets stood at ₹1,09,950 crore, serving 15.89 lakh clients through a network of more than 500 offices across India and the GCC. The company continues to offer a broad range of investment services, including equity, mutual funds, and portfolio management.