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Edelweiss Financial Services reports 49% fall in Q1 consolidated net profit

14 Aug 2019

Edelweiss Financial Services has reported results for first quarter ended June 30, 2019.   

The company has reported around three-fold jump in its net profit at Rs 96.13 crore for the quarter under review as compared to Rs 32.78 crore for the same quarter in the previous year. Total income of the company increased by 59.37% at Rs 161.73 crore for Q1FY20 as compared Rs 101.48 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 48.93% in its net profit at Rs 134.49 crore for the quarter under review as compared to Rs 263.32 crore for the same quarter in the previous year. However, total income of the company increased by 2.82% at Rs 2,545.93 crore for Q1FY20 as compared Rs 2,476.14 crore for the corresponding quarter previous year.  

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