Financial Performance - Q2 FY27
- Revenue from operations: ₹165.83 crore, up 2.55% YoY from ₹161.69 crore in Q2 FY26
- PAT: ₹16.28 crore, down 30.66% YoY from ₹23.48 crore in Q2 FY26
- EBITDA: ₹36.70 crore, down 15.40% YoY from ₹43.38 crore in Q2 FY26
- EPS: ₹0.59, down 26.25% YoY from ₹0.80 in Q2 FY26
- PBT: ₹20.62 crore, down 31.97% YoY from ₹30.31 crore in Q2 FY26
Financial Performance - H1 FY27
- Revenue from operations: ₹326.22 crore, up 6.72% YoY from ₹305.69 crore in H1 FY26
- PAT: ₹36.11 crore, down 30.74% YoY from ₹52.14 crore in H1 FY26
- Total Income: ₹340.31 crore, up 4.31% YoY from ₹326.25 crore in H1 FY26
Segment-wise Revenue Breakdown - Q2 FY27
Wealth Management Business: ₹155.41 crore (93.7% of operational income)
- Transaction Based Services Income:
- Brokerage Services: ₹54.85 crore
- Interest From Clients: ₹31.15 crore
- Depository Services: ₹7.06 crore
- Recurring Income:
- Mutual Fund Distribution: ₹35.37 crore
- Insurance Distribution: ₹24.64 crore
- Other Distribution Income: ₹2.34 crore
Asset Management Business: ₹9.83 crore (5.9% of operational income)
- Geojit Asset Management Income: ₹9.83 crore, up 19.77% YoY
Other Business: ₹0.58 crore (0.4% of operational income)
- Technology & Platform Income: ₹0.09 crore
- Other Operational Income: ₹0.49 crore
Key Business Metrics
- Customer Assets: ₹1.12 lakh crore as of September 30, 2026 (broadly stable sequentially)
- Asset Management ARR Net Flows: ₹322 crore in Q2 FY27, up 353% YoY from ₹71 crore in Q2 FY26
- Mutual Fund AUM: ₹156 crore as of September 2026 (up from ₹137 crore in September 2025)
- SIP Market Share: 0.479% in Q2 FY27 (up from 0.463% in Q2 FY26)
- MF Equity Market Share: 0.411% in September 2026 (up from 0.407% in September 2025)
- Client Acquisition: 31,481 during the quarter
- Asset Management AUM Growth: +39% YoY
- Average AUM managed per sales person: ₹9.57 crore
Operational Highlights
- Branch Network: 500+ offices across India with 79% branches and 77% clients in Tier 2 & 3 cities
- Employee Tenure: Financial Consultants average 5.9 years experience, Dealers average 5.7 years tenure
- Product Penetration: 20% of active clients have more than one product
- International Presence: Operations in GCC markets through JVs in UAE, Oman, Kuwait, and Bahrain
- Geojit DIFC (UAE) for HNI Wealth expected operational in Q4 FY26
Balance Sheet Position (as of September 2026)
- Total Equity: ₹1,288.80 crore
- Total Assets: ₹1,997.09 crore
- Cash and Cash Equivalents: ₹32.50 crore
- Bank balances other than Cash: ₹716.91 crore
- Loans: ₹696.49 crore (current) + ₹31.34 crore (non-current)
- Borrowings: ₹95.15 crore (current) + ₹4.99 crore (non-current)
Management Commentary
Management stated that Q2 FY27 remained challenging for Indian capital markets amid corrections and volatility. The company demonstrated resilience with healthy net-inflows and sustained customer engagement. Higher operating costs, including investments in IT infrastructure and field-force costs, impacted profitability. These investments aim to strengthen distribution capabilities, expand SIP mobilization and enhance customer acquisition.
Forward Strategy
The company is transitioning from a broking-led model to a wealth & distribution-driven franchise focusing on:
- Expanding presence in Tier 2 & 3 cities with new branches
- Strengthening global NRI wealth funnels across Middle East & GIFT City
- Digital-led distribution and client engagement using AI and integrated platforms
- Increasing SIP penetration and leveraging technology to improve operating productivity