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Edelweiss Financial Services reports 53% jump in Q1 consolidated net profit

09 Aug 2016 Evaluate

Edelweiss Financial Services has reported results for first quarter ended June 30, 2016.

The company has registered 61.04% fall in its net profit at Rs 11.52 crore for the quarter as compared to Rs 29.57 crore for the same quarter in the previous year. Total income of the company increased by 23.69% at Rs 92.88 crore for quarter under review as compared to Rs 75.09 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 53.02% jump in its net profit after tax, minority interest and share of profit of associates at Rs 139.68 crore for the quarter ended June 30, 2016 as compared to Rs 91.28 crore for the same quarter in the previous year. However, total Income of the company increased by 27.05% to Rs 1472.18 crore for quarter under review from Rs 1158.78 crore for the quarter ended June 30, 2015.

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