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Edelweiss Financial Services reports 41% rise in Q1 consolidated net profit

02 Aug 2017 Evaluate

Edelweiss Financial Services has reported results for first quarter ended June 30, 2017.

The company has reported over 2 fold jump in its net profit at Rs 29.48 crore for the quarter under review as compared to Rs 11.52 crore for the same quarter in the previous year. The total income of the company increased by 13.35% at Rs 105.28 crore for Q1FY18 as compared Rs 92.88 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 40.55% rise in its net profit after taxes, minority interest and share of profit/ (loss) of associates at Rs 196.32 crore for the quarter ended June 30, 2017 as compared to Rs 139.68 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 28.93% at Rs 1898.04 crore for quarter under review as compared to Rs 1472.18 crore for the same quarter in the previous year.

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