Geojit BNP Paribas Financial Services today expressed that it has register a turn down of 45.53 % in its net profit at Rs 7.08 crore for the 2nd quarter which commenced last September.

The stock brokerage company had placed net earnings of Rs 13 crore in the July-September quarter last year, the firm stated in a report to the Bombay Stock Exchange.

In the September quarter, the combining revenues of Geojit BNP Paribas also cut down to Rs 71.37 crore by Rs 81 crore last year.

The corporation, which has a solid existence in the Gulf countries, expressed that its firm has placed an in-principal support to start joint ventures in Oman and Kuwait.

Shares of the corporation were trading at Rs 35.65 on the BSE, fell 4.17 % by previous close.