Edelweiss Financial Services announced a sharp rise in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 50.92% to Rs 1,444.20 million from Rs 956.90 million in the same quarter previous year.
Revenues for the quarter rose 28.43% to Rs 15,921.80 million, compared with Rs 12,398 million for the prior year period.
Operating margin for the quarter stood at 60.29 percent as compared to 63.61 percent for the previous year period. Operating Income for the quarter was Rs 9,599.10 million, compared with Rs 7886 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.65, registering 48.65% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 15,921.80 | 12,397.70 | 28.43 |
| Net Profit | 1,444.20 | 956.90 | 50.92 |
| Diluted EPS | 1.65 | 1.11 | 48.65 |
Shares of the company declined Rs 7.85, or 7.04%, to trade at Rs 103.60. The total volume of shares traded was 318,008 at the BSE (12.37 p.m., Wednesday).
