Edelweiss Financial Services reports 51% rise in Q2 consolidated net profit

Edelweiss Financial Services India has reported results for second quarter ended September 30, 2016. 

The company has reported 69.09% fall in its net profit at Rs 8.82 crore for the quarter under review as compared to Rs 28.53 crore for the same quarter in the previous year. However, total income of the company increased by 57.23% at Rs 93.41 crore for the quarter under review as compared Rs 59.41 crore for the corresponding quarter previous year.  

On the consolidated basis, the company has reported 50.92% rise in its net profit after tax, minority interest and share of profit of associates at Rs 144.42 crore for the quarter ended September 30, 2016 as compared to Rs 95.69 crore for the same quarter in the previous year. Total Income of the company has increased by 28.72% to Rs 1596.60 crore for quarter under review from Rs 1240.34 crore for the quarter ended September 30, 2015.