Geojit Financial Q2 Results | Net profit slumps 59% to ₹24 crore; revenue drops 22%

Brokerage firm Geojit Financial Services Ltd on Monday (October 20) reported a 59% year-on-year decline in net profit to ₹23.5 crore for the second quarter ended September 2025, compared with ₹57.4 crore in the same period last year.

Revenue for the quarter fell 22% to ₹169.8 crore from ₹218.4 crore in the year-ago period.

Also, Geojit Financial Services announced the retirement of A. Balakrishnan, Executive Director, from the board of directors of the company. Balakrishnan is retiring as Executive Director of Geojit Financial Services effective 20th October 2025, after serving the company for over twenty-seven years.

Also Read: Geojit Financial Services Q1 net profit slides 37% to ₹29 crore

He has been an integral part of Geojit’s leadership team since its early years and was instrumental in building India’s first online stock broking platform at Geojit. His passion for technology, knowledge of business and the regulatory framework defined Geojit’s successful journey. His dedication and service are highly respected by the Board, which thanked him for his contributions.

Balakrishnan will continue to be associated with the company in the capacity of Advisor, ensuring continuity and support in key areas.

Geojit also announced that Jayakrishnan Sasidharan, who joined the Company in June 2025, will be taking over the executive leadership responsibilities from Balakrishnan. Jayakrishnan has over 20 years of business leadership experience working with Adobe, Wipro Technologies, and Tata Consultancy Services.

Also Read: Geojit Financial to transfer securities business to subsidiary Geojit Investments on March 21

He has experience in setting up and leading disruptive technology businesses across emerging and evolving areas, including Internet, mobile, cloud, SaaS, digital, and customer experience.

Shares of Geojit Financial Services Ltd ended at ₹78.61, down by ₹0.14, or 0.18%, on the BSE.