Geojit BNP Paribas up 5.6% on solid numbers in Q3

Geojit BNP Paribas Financial Services rallied as much as 5.6 percent in early trade after solid set of numbers reported by the company.

The net profit grew 40 percent year-on-year to Rs 13 crore in the third quarter of current financial year 2012-13.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 22 percent YoY to Rs 19 crore in the quarter. Margins improved by 500 basis points to 31 percent in October-December quarter of 2012 as against 26 percent in a year ago period.

At 10:22 hours IST, the stock went up 3.08 percent to Rs 26.80 amid heavy volumes on Bombay Stock Exchange.

Trading volumes increased 238 percent to 1,87,086 equity shares as compared to its five day average of 55,287 shares.

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