GEOJITFSLNSEQ4 FY2022April 30, 2022

Geojit Financial Services Limited

2,419words
51turns
5analyst exchanges
7executives
Management on call
C J George
MANAGING DIRECTOR & CEO – GEOJIT FINANCIAL SERVICES LIMITED
Satish Menon
EXECUTIVE DIRECTOR – GEOJIT FINANCIAL SERVICES LIMITED
A Balakrishnan
EXECUTIVE DIRECTOR – GEOJIT FINANCIAL SERVICES LIMITED
Jones George
EXECUTIVE DIRECTOR – GEOJIT FINANCIAL SERVICES LIMITED
Mini Nair
CHIEF FINANCIAL OFFICER – GEOJIT FINANCIAL SERVICES LIMITED
Liju K Johnson
COMPANY SECRETARY – GEOJIT FINANCIAL SERVICES LIMITED
C J George
Managing Director & CEO; Mr. Satish Menon – Executive Director; Mr. A
Key numbers — 40 extracted
122.8 Crore
n open for Q&A. In terms of the operational income for the quarter ended March 2022, we have done 122.8 Crores which is 5% down from the December quarter and 1% up from the same quarter previous year. The op
5%
ms of the operational income for the quarter ended March 2022, we have done 122.8 Crores which is 5% down from the December quarter and 1% up from the same quarter previous year. The operational Inc
1%
uarter ended March 2022, we have done 122.8 Crores which is 5% down from the December quarter and 1% up from the same quarter previous year. The operational Income for the year 2021-22 is 500.29 Cro
500.29 Crore
ter and 1% up from the same quarter previous year. The operational Income for the year 2021-22 is 500.29 Crores which is 18% up Y-on-Y that is compared to the financial year 2021. In terms of PBT for the qu
18%
same quarter previous year. The operational Income for the year 2021-22 is 500.29 Crores which is 18% up Y-on-Y that is compared to the financial year 2021. In terms of PBT for the quarter ended Ma
46.15 Crore
is compared to the financial year 2021. In terms of PBT for the quarter ended March 2022, we did 46.15 Crores which is 3% down from the same quarter last year and in terms of full year for FY2022, the PBT i
3%
nancial year 2021. In terms of PBT for the quarter ended March 2022, we did 46.15 Crores which is 3% down from the same quarter last year and in terms of full year for FY2022, the PBT is 202.31 Cr
202.31 Crore
which is 3% down from the same quarter last year and in terms of full year for FY2022, the PBT is 202.31 Crores which is 22% up from FY2021. PAT is 35.8, 4% down from the previous year same quarter and for th
22%
he same quarter last year and in terms of full year for FY2022, the PBT is 202.31 Crores which is 22% up from FY2021. PAT is 35.8, 4% down from the previous year same quarter and for the full year th
4%
terms of full year for FY2022, the PBT is 202.31 Crores which is 22% up from FY2021. PAT is 35.8, 4% down from the previous year same quarter and for the full year the PAT is 154.42 Crores which is
154.42 Crore
FY2021. PAT is 35.8, 4% down from the previous year same quarter and for the full year the PAT is 154.42 Crores which is up 22% from the previous year. This was the best year for Geojit history in terms of
82.78 Crore
In terms of equity and equity related income for the quarter ended March we had 82.78 Crores which is 7% down from the same period last year and for the full year 355.25 Crores which is 11%
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Guidance — 11 items
Satish Menon
opening
“Quite a few details have been given in the presentation in terms of number of clients in terms of mutual fund AUM , mutual fund clients, I am sure you would have gone through it and of course if there are any questions we will be happy to answer.”
Mini Nair
qa
“Cash in the group will be around 700 Crores.”
Satish Menon
qa
“While CFO was talking about the cash, the cash utilization is going up with the sort of margin lending book is growing so there has been significant deployment of cash in the financial year we see that growing up next year too.”
Satish Menon
qa
“In terms of employees, yes we plan to hire 350 plus people in this financial year and the most of them would be in the sale side we also have a plan to hire close to 75 to 100 people in the technology side and that will be part of Geojit Technologies.”
C J George
qa
“We are opening 28 offices also these are largely in semi urban places in Kerala and Tamil Nadu, 6 of these 28 are operational and the balance offices will be operational by the end of second quarter so the projected number of employees also includes the incremental recruitment for the offices that we are now planning.”
A Balakrishnan
qa
“Regarding Geojit technologies we have at this point in time 160 people and we will be adding more people.”
A Balakrishnan
qa
“For that actually this year we will be planning around addition of 100 plus employees.”
Chander Bhatia
qa
“Sir what could be the kind of cost you expect to increase on your employee’s vertical because of increase in number of employees.”
Chander Bhatia
qa
“Okay Sir and it can be based out accordingly because it will be spread over the year.”
A Balakrishnan
qa
“Yes, technology will be costlier it can go up to 4.5 lakh per annum average I am talking about.”
Risks & concerns — 1 flagged
This is primarily due to the decline in volumes in the normal stock markets primarily coming from the cash market.
— Satish Menon
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Q&A — 5 exchanges
Q
Good morning everyone and congratulations for good set of numbers and for crossing Rs.500 Crores as sales and Rs.150 Crores as profit. So I have a couple of questions, first question is regarding the merger of Geojit investment with the parent companies. So will there be any impact with regard to reduction in cost, with regard to benefits of carry forward versus or any other things.
C J George
There will not be any impact at all this was a nonoperational company and this company has some capital in the balance sheet so it will not have any significant impact on P&L and this company has never been seriously operational in the past. And my second question is about any update on wealth management business is there any traction or number of offices the company has opened and the plan for the current year. In terms of wealth management business currently we have now four offices in Kerala, two in Cochin, one in Trivandrum, one in Calicut, and the proposal is to open two more offices in t
Q
Thank you for providing me the opportunity. Sir I wanted to ask what the current cash market share and derivatives market share in terms of turnover is.
Satish Menon
So the cash market share for the last quarter was 0.73% and the F&O was 0.04%. In terms of our total income F&O for the last quarter was around 22% of our total income balance 78% of the income comes from our cash market of which primary income comes from our delivery business. So the F&O contributes to 22% right. Yes. So is there any growth in F&O contribution from last year to this year. Yes, there has been a small increase compared to what F&O was providing last year it was 17% last year FY2021 now it has become 21%. This has not been our focus area and we may not focus on although the mark
Q
Thank you for providing me opportunity again. One question is about the plan for addition of employee and whether that addition is likely to be on the marketing side or it is also on the other vertical and the second question is the gross inflow and net inflow in mutual fund AUM for the quarter.
Satish Menon
In terms of employees, yes we plan to hire 350 plus people in this financial year and the most of them would be in the sale side we also have a plan to hire close to 75 to 100 people in the technology side and that will be part of Geojit Technologies. Mr. Balakrishnan my colleague can give more details in technology side. On the mutual fund inflow, I will complete the mutual fund inflow then I can hand over to Balakrishnan on the employees on the technology side. On the mutual fund inflow in the financial year 2022 the gross inflow was 1729 Crores and the outflow was 72% of it hence the net in
Q
I think there are no further questions Margaret.
Management
Q
MD Sir do you want to make any final comments, or we can close the call.
C J George
No we can close the call because today is a holiday and then despite being a holiday people have joined we are thankful to all of you. We did not want to wait till Monday that is why we wanted to call this conference today. Thank you very much. In case you have any more questions feel free to contact us directly, we will be very happy to give clarification. Thank you. Thank you and of course the presentation details are already available in the exchanges website and as well as in our website so please feel free to look into it and as MD said we are always here to answer questions. Margaret we
Speaking time
Satish Menon
15
Chander Bhatia
13
Moderator
7
C J George
4
Sumit Jankar
4
A Balakrishnan
4
Mini Nair
3
C J George
1
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Opening remarks
Satish Menon
Thank you Margaret. Good morning to everyone who have joined this call and a warm welcome from Geojit. We have already uploaded the shareholders presentation to the exchange’s website as well as in our website. You can go through the presentation in detail as per your convenience. Just to kick start the call, I will talk about some numbers and then we can open for Q&A. In terms of the operational income for the quarter ended March 2022, we have done 122.8 Crores which is 5% down from the December quarter and 1% up from the same quarter previous year. The operational Income for the year 2021-22 is 500.29 Crores which is 18% up Y-on-Y that is compared to the financial year 2021. In terms of PBT for the quarter ended March 2022, we did 46.15 Crores which is 3% down from the same quarter last year and in terms of full year for FY2022, the PBT is 202.31 Crores which is 22% up from FY2021. PAT is 35.8, 4% down from the previous year same quarter and for the full year the PAT is 154.42 Crores
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