Edelweiss Financial Services gains despite reporting 49% fall in Q1 consolidated net profit

14 Aug 2019

Edelweiss Financial Services is currently trading at Rs. 143.50, up by 1.10 points or 0.77% from its previous closing of Rs. 142.40 on the BSE.

The scrip opened at Rs. 143.90 and has touched a high and low of Rs. 145.70 and Rs. 138.60 respectively. So far 101270 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 299.95 on 20-Aug-2018 and a 52 week low of Rs. 116.15 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 148.00 and Rs. 138.60 respectively. The current market cap of the company is Rs. 13318.95 crore.

The promoters holding in the company stood at 32.93%, while Institutions and Non-Institutions held 34.84% and 32.23% respectively.

Edelweiss Financial Services has reported around three-fold jump in its net profit at Rs 96.13 crore for the quarter ended June 30, 2019 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.

Related Edelweiss Financial Services Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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