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Edelweiss Financial Services reports 16% rise in Q4 consolidated net profit

Edelweiss Financial Services has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a fall of 62.76% in its net profit at Rs 22.32 crore for the quarter under review as compared to Rs 59.93 crore for the same quarter in the previous year. Total income of the company decreased by 40.72% at Rs 73.65 crore for Q4FY19 as compared Rs 124.24 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 15.56% in its net profit at Rs 246.32 crore for the quarter under review as compared to Rs 213.15 crore for the same quarter in the previous year. Total income of the company increased by 13.76% at Rs 2,942.06 crore for Q4FY19 as compared Rs 2,586.17 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 25.60% in its net profit at Rs 102.87 crore as compared to Rs 138.26 crore for the previous year. Total income of the company decreased by 27.21% at Rs 320.37 crore for year under review as compared to Rs 440.14 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 24.77% in its net profit at Rs 1,044.37 crore as compared to Rs 837.05 crore for the previous year. Total income of the company increased by 21.98% at Rs 10,881.48 crore for year under review as compared to Rs 8,920.46 crore for year ended March 31, 2018.

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