The company's net profit in the corresponding quarter of 2016-17 had stood at Rs 139.68 crore.
"Total income increased to Rs 1,887.87 crore for the quarter ended June 2017 as against Rs 1,465.40 crore in the same period a year ago," the company said in a BSE filing.
Edelweiss Group is a diversified financial services company with presence in retail segments through life insurance, housing finance, mutual fund and retail financial markets.
Shares of the company were trading 3.13 per cent up at Rs 210.55 on the BSE.
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