Edelweiss Financial Services Q1 net profit up 41% at Rs 196 cr

Total revenues rose by 28% to Rs 1,898 cr from Rs 1,478 cr in April June 2016

Edelweiss Financial Services has posted a 41 per cent rise in consolidated net profit at Rs 196 crore in first quarter ended June 2017,  up from Rs 140 crore in April-June 2016.

The total revenues rose by 28 per cent to Rs 1,898 crore in reporting quarter from Rs 1,478 crore in April-June 2016.

Rashesh Shah, Chairman and CEO, Edelweiss Financial Services said credit book is about Rs 29,869 crore of which 34 per cent is in retail, 49 per cent in corporate and 17 per cent in the distressed credit business.

Edelweiss stock was trading four per cent up