Edelweiss Financial Services Q1 net profit rises 41%

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New Delhi: Edelweiss Financial Services on Wednesday reported a 40.5% jump in its consolidated net profit at Rs196.3 crore for the first quarter ended June.

The company’s net profit in the corresponding quarter of 2016-17 had stood at Rs139.68 crore.

“Total income increased to Rs1,887.87 crore for the quarter ended June 2017 as against Rs 1,465.40 crore in the same period a year ago,” the company said in a BSE filing.

Edelweiss Group is a diversified financial services company with presence in retail segments through life insurance, housing finance, mutual fund and retail financial markets. Shares of the company were trading 3.13% up at Rs210.55 on the BSE.