Edelweiss Capital PAT declines 22.6%

CORPORATE SCORECARD

Edelweiss Capital posted a profit after tax (PAT) of Rs 43.6 crore in the quarter ended September 30, 2008, a drop of 22.6 per cent from the PAT of Rs 56.33 crore in the same quarter last financial year. Also, it is a drop of 31.5 per cent from last quarter’s PAT.

The fee and commission revenues have dropped by 27 per cent, from Rs 92.54 crore in the second quarter of FY08 to Rs 67.76 crore in this quarter. Treasury, arbitrage and trading revenues have shown a marginal increase of 12.5 per cent to Rs 85.31 crore in the second quarter of FY09. Interest revenues have shown the sharpest surge, growing by 167 per cent to Rs 84.43 crore.