Active Stocks
Sat Mar 02 2024 12:29:56
  1. Tata Steel share price
  2. 155.30 3.53%
  1. HDFC Bank share price
  2. 1,430.50 -0.05%
  1. State Bank Of India share price
  2. 773.40 0.53%
  1. ICICI Bank share price
  2. 1,084.60 -0.21%
  1. Axis Bank share price
  2. 1,095.00 -0.40%
Business News/ Companies / Edelweiss Financial Services Q1 net profit rises 41%
BackBack

Edelweiss Financial Services Q1 net profit rises 41%

Edelweiss Financial Services's net profit in the first quarter of last fiscal had stood at Rs139.68 crore

A file photo of Nitin Jain, global asset wealth management of Edelweiss Group. Photo: MintPremium
A file photo of Nitin Jain, global asset wealth management of Edelweiss Group. Photo: Mint

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 ,887.87 crore for the quarter ended June 2017 as against 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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 02 Aug 2017, 12:11 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie