Edelweiss Financial Services Q3 net up 28% to Rs 106 cr

Edelweiss Financial Services today reported 28 per cent increase in net profit at Rs 106 crore for the third quarter ended December, 31.
The net profit of the company during October-December quarter of 2014-15 was at Rs 82.86 crore.
"The Group's total income has increased to Rs 1,343.26 crore for the said quarter from Rs 960.39 crore in December quarter of 2014-15," it said in a filing to BSE.
On standalone basis, the company's net profit stood at Rs 52.85 crore during the reported quarter, compared with Rs 34.63 crore a year ago.
Total income (standalone) increased to Rs 107.72 crore from Rs 77.52 crore in the year-ago period.

"Global conditions during the quarter were volatile on the fears of a slowdown in China...However, we continue to be cautiously optimistic about the long-term growth story of India and see growth returning gradually in the next two or three quarters," Chairman and CEO of Edelweiss Financial Services Rashesh Shah said in a statement.

Besides, company's Board of Directors also approved to introduce a new employee stock option scheme.
The company also declared an interim dividend of Re 1 per equity share of the face value of Re 1 each for the financial year 2015-16.
Shares of the company traded 2.72 per cent lower at Rs 50.15 apiece on the BSE during post-noon session.