Edelweiss Financial Services, one of the leading financial services conglomerate which provides a broad range of financial products and services today announced favourable financial results.
The company announced results for both the fourth quarter of 2018 and fiscal 2018.
Edelweiss reported Net Profit of Rs 248.22 Crore for the fourth quarter of 2018 as against Rs 170.33 crore during the fourth quarter of 2017, up by 45.73%.
The company registered Net Profit of Rs 890.13 crore for fiscal 2018 as compared with Rs 609.31 crore for fiscal 2017, up by 46%.
Total income of Edelweiss for the fourth quarter of 2018 stands at Rs 2621.27 crore as against Rs 1937.58 crore in the fourth quarter of 2017.
For fiscal 2018, the total income of the company stood at Rs 8,618.62 crore as compared against Rs 6,618.83 crore during fiscal 2017.
The company has registered an incremental growth in terms of total income on an annual basis to the tune of 30.21%.
The company's Board of Directors also recommended a final dividend of Re 0.30 per share on the equity shares of the face value of Re 1 each.
The shares of Edelweiss were trading at 4.45 percent up at Rs 295.55 on BSE.