Edelweiss Financial Q4 net rises 40 pc to Rs 170 cr

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.