Financial services group Edelweiss Capital today reported a dip of 17.22% in consolidated net profit at Rs 43.26 crore for the quarter ended March 31, 2011.
The company had a net profit of Rs 52.26 crore in the same period last year, Edelweiss Capital said in a filing to the Bombay Stock Exchange (BSE).
Income from operations increased to Rs 380.01 crore in the January-March quarter from Rs 259.49 crore in the same period year-ago.
However, for the year ended March 31, 2011, the net profit of the company increased to Rs 233.02 crore from Rs 229.16 crore in the same period previous year, it said.
The board of the company recommended a final dividend of Rs 0.35 per share for the financial year 2010-11, subject to approval of the members.
Shares of the company closed at Rs 34, up 1.04% from the previous close on the BSE.
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