Edelweiss Financial Services has reported results for fourth quarter and year ended March 31, 2017.
The company has reported a fall of 7.46% in its net profit after tax at Rs 41.30 crore for the quarter ended March 31, 2017 as compared to Rs 44.63 crore for the same quarter in the previous year. However, total income from operations of the company increased by 33.06% at Rs 127.88 crore for quarter under review as compared to Rs 96.11 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the company has posted a fall of 17.08% in its net profit at Rs 129.01 crore as compared to Rs 155.58 crore in FY16. However, total income of company increased by 33.15% at Rs 450.47 crore for year under review as compared to Rs 338.33 crore for the year ended March 31, 2016.
On consolidated basis, the company has reported a rise of 39.66% in its net profit after tax, minority interest and share of profit of associates at Rs 170.03 crore for the quarter ended March 31, 2017 as compared to Rs 121.75 crore for the same quarter in the previous year. Total income of the company increased by 27% at Rs 1937.58 crore for quarter under review as compared to Rs 1525.71 crore for the same quarter ended previous year.
For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 47.04% in its net profit after tax, minority interest and share of profit of associates at Rs 609.31 crore as compared to Rs 414.38 crore in the previous year. Total income of the company increased by 25.64% at Rs 6618.83 crore for year under review as compared to Rs 5268.09 crore for the year ended March 31, 2016.
