Edelweiss Financial Services disclosed a steady growth in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 16.65% to Rs 912.80 million from Rs 782.50 million in the same quarter previous year.

Revenues for the quarter jumped 43.05% to Rs 11,541.50 million, compared with Rs 8,068 million for the prior year period.

Operating margin for the quarter stood at 63.20 percent as compared to 61.87 percent for the previous year period. Operating Income for the quarter was Rs 7,293.90 million, compared with Rs 4991.8 million in the previous year period.

Earnings per share for the quarter stood at Rs 1.06, registering 9.28% growth over previous year period.

Rashesh Shah, chairman and CEO, Edelweiss Financial Services said, ''Operating environment is gradually improving with comfortable liquidity aided by a rate cut in this quarter. At the same time, credit growth, corporate earnings and investment continue to remain sluggish. Global situation and currencies have been volatile bringing in some uncertainties. Despite these challenges, we believe Indian macro-economic indicators will keep improving gradually and we may see return of growth in the second half of FY16.

For Q1FY16, our net profit is higher by 17% YoY and return on tangible equity ex-insurance is at 17.0% compared to 15.5% for Q1FY15. We continue to focus on improving capital and operating efficiency, scaling up retail businesses, strengthening balance sheet, risk and compliance, building a customer-centric culture, upgrading technology and nurturing leadership for future growth.

Our long-term strategy of diversifying across businesses, asset classes and client segments continues to bear fruits as demonstrated by consistent improvement in  financial and business indicators. With the completion of the diversification phase in FY12, Edelweiss has built an organisation with a strong foundation and is well positioned to leverage the potential.''

Shares of the company declined Rs 0.8, or 1.2%, to trade at Rs 66.00. The total volume of shares traded was 636,999 at the BSE (2.00 p.m., Tuesday).