Edelweiss Posts Net Profit Growth At 45.73% During Q4 2018

Written By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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.

    Edelweiss Announces Q4, FY 2018 Favourable 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.

    Story first published: Thursday, May 3, 2018, 18:07 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more