New Delhi, July 16 -- Shares of Geojit Financial Services tumbled over 6 percent on Wednesday, July 16, after the brokerage released underwhelming first-quarter results for FY26. A steep 37 percent year-over-year drop in consolidated net profit to Rs.28.67 crore rattled investors, overshadowing the firm's strategic updates and leading to renewed scrutiny of its financial health.

Geojit Financial reported a sharp decline in both net and pre-tax profits. Consolidated net income fell to Rs.28.67 crore from Rs.45.49 crore in Q1 FY25, marking an 11 percent sequential drop from Rs.32.12 crore in Q4 FY25. The company's profit before tax (PBT) also dropped significantly, falling 39 percent year-over-year to Rs.36.64 crore from Rs.59.74 crore, an...