Edelweiss Financial Q4 net rises 40 pc to Rs 170 cr

Image
Press Trust of India New Delhi
Last Updated : May 17 2017 | 11:57 AM IST
Edelweiss Financial Services today reported a 39.6 per cent increase in consolidated net profit at Rs 170.03 crore for the March quarter.
The company had posted a net profit of Rs 121.75 crore in the corresponding January-March period of 2015-16.
Total revenue of the company rose by 26.99 per cent to Rs 1,937.58 crore in the quarter under review from Rs 1,525.71 crore a year ago, the company said in a regulatory filing.
Edelweiss Financial Services also said its board of directors has recommended a final dividend of Rs 0.30 per equity share.
Stock of the company was trading 4.45 per cent down at Rs 181.35 on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 17 2017 | 11:57 AM IST

Next Story