Edelweiss Financial Services disclosed a sharp rise in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 71.96% to Rs 792.40 million from Rs 460.80 million in the same quarter previous year.
Net sales for the quarter surged 56.66% to Rs 9,045.60 million, compared with Rs 5,774 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.98, registering 66.10% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 9,045.60 | 5,774.00 | 56.66 |
| Net Profit | 792.40 | 460.80 | 71.96 |
| Basic EPS | 0.98 | 0.59 | 66.10 |
Shares of the company gained Rs 1.75, or 3.85%, to trade at Rs 47.25. The total volume of shares traded was 565,756 at the BSE (12.38 p.m., Friday).
