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Edelweiss Q4 net up 40% at Rs 170 cr, annual retail credit growth at 46%

The company's board recommended 30% dividend per share of rupee one each for 2016-17

Abhijit Lele  |  Mumbai 

Edelweiss Financial Services posted a 40 per cent rise in net profit at Rs 170 crore in the fourth quarter (Q) ended March 2017, up from Rs 122 crore in Q4 of the financial year (FY) 2015-16. While fees and commissions in Q4 of FY17 grew by 134 per cent to Rs 481 crore from Rs 205 crore in Q4FY16, the income from fund based activity grew marginally by 7.6 per cent at Rs 1,215 crore. The net profit in FY17 rose by 47 per cent to Rs 609 crore from Rs 414 crore in FY16. The company's board recommended 30 per cent dividend per share of rupee one each for 2016-17. Its ...

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First Published: Thu, May 18 2017. 02:34 IST
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