**Business Performance:** Geojit Financial Services reported mixed Q4 and full-year FY26 results.

Q4 revenue from operations grew 6.4% YoY to ₹188.01 Cr, but full-year revenue dropped 10.3% to ₹671.08 Cr.

Full-year Profit After Tax (PAT) fell 51.5% to ₹83.58 Cr, largely due to strategic investments.

Despite this, Geojit added 1.56 lakh new clients, taking its total to 16.68 lakh.

Assets Under Management (AUM) reached ₹23,230 Cr, with monthly SIP collections at ₹151 Cr. **Growth Drivers & Strategy:** Geojit is transitioning from a transaction-heavy broking model to a wealth and distribution-driven franchise for stable, recurring revenue.

Recurring business income now makes up 38% (up from 8% in FY22), while broking contributes 49% (down from 83%). Key strategies include expanding its 500+ office network in Tier 2/3 cities, growing NRI wealth flows via its GCC presence and GIFT City, and leveraging AI-powered digital platforms for client engagement. **Recent Developments:** FY26 saw significant strategic investments: ₹10 Cr in IT transformation, ₹29 Cr for 700 new sales hires, and ₹15 Cr in marketing.

Geojit launched its Private Wealth division and made its UAE HNI Wealth entity (Geojit DIFC) operational in Q4. **Key Financials (FY26):** Revenue: ₹671.08 Cr | PAT: ₹83.58 Cr | EPS: ₹2.88 | AUM: ₹23,230 Cr.

The company will pay a final dividend of ₹1.50 per share. **Management Commentary / Outlook:** Management emphasized FY26 as a year of planned strategic investments aimed at strengthening long-term growth, which impacted current profitability.

They noted strong underlying business momentum, with a 10% rise in distribution income and improved mutual fund net inflow market share to 0.40%.