The company has taken a hit in its major businesses in this quarter as compared to the last quarter as a result of the market downturn. Income from arbitrage and trading in securities and derivatives stood at Rs 70.25 crore, up by 57 per cent from the same period last year but down by nearly 48 per cent compared to the last quarter. Similarly, its fee and commission income stood at Rs 88.65 crore, up by 8.7 per cent year on year but down by 39 per cent compared to previous quarter.
Edelweiss Capital has also received final regulatory approval from the Securities and Exchange Board of India to start its asset management business.
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