Edelweiss Capital Q4 net at Rs82.55 cr

Mumbai: Domestic brokerage firm Edelweiss Capital reported a consolidated net profit of Rs82.55 crore for the fourth quarter ended March 2008, an over two-fold growth over the corresponding period a year-ago.

The company, which was listed on the bourses last year, had a net profit of Rs37.38 crore in Q4 FY07, Edelweiss said in a filing to the Bombay Stock Exchange.

The total income rose to Rs405.78 crore in the latest quarter, from Rs135.88 crore in the same period previous fiscal. The board has declared a dividend of 40% on shares of face value of Rs5 each for 2007-08.

For the year ended March 2008, the group announced a consolidated net profit of Rs273.24 crore, an over two-fold growth over the year-ago period.

The total income rose to Rs1,088.86 crore for FY08, from Rs371.76 crore in the year-ago period.

For 2007-08, the company had a standalone net profit of Rs28.78 crore, a 6.36% growth over the year-ago period, while the total income rose to Rs187.66 crore.

Shares of Edelweiss Capital were trading at Rs802, down 0.97% in the early morning trade on the BSE.

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