ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • RBI extends implementation of card tokenisation norms by 3 months; deadline extended till 30 September
  • EXCLUSIVE: 'Noida International Airport at Jewar to be jewel in crown of Indian aviation sector' - Know what all is coming up at
  • D-Street Corner: Market gains 2.7% in highly volatile week, investors richer by 5.5 lakh cr; what should investors do on Monday?
  • Sebi allows UPI payment option to invest in public issues of REITs, InvITs with effect from 1 August
  • Netflix lays off 450 employees in two months—Here's what's bothering OTT giant
Read in App
Business News » Companies News

Edelweiss Financial Q4 net profit falls 3.3 pct to Rs 232 crore; FY19 net up 15 pct

Total revenue during the fiscal was up by 22 per cent to Rs 10,886 crore from Rs 8,920 crore in fiscal ended March 2018.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Edelweiss Financial Q4 net profit falls 3.3 pct to Rs 232 crore; FY19 net up 15 pct
Total credit book, including distressed credit, stood at Rs 43,510 crore as of March 31, 2019. Photo: Reuters

Edelweiss Financial Services Tuesday reported a decline of 3.3 per cent in its consolidated net profit to Rs 232 crore in the fourth quarter of the fiscal ended March 2019. The company had posted a net profit of Rs 240 crore during the corresponding January-March quarter of 2017-18. Its total revenue during the March quarter of 2018-19, however, went up by 14 per cent to Rs 2,942 crore as against Rs 2,586 crore in the same quarter of 2017-18, it said in a regulatory filing. For the full year 2018-19, the company's net profit grew 15 per cent to Rs 995 crore as against Rs 863 crore a year ago. Total revenue during the fiscal was up by 22 per cent to Rs 10,886 crore from Rs 8,920 crore in fiscal ended March 2018.

"We have remained resilient in the tough market conditions due to the sheer strength of our diversified business model which helped us post steady profits in FY19 despite a flat balance sheet. We continue to focus on strengthening the balance sheet through raising equity as well as long-term debt," Rashesh Shah, chairman and CEO, Edelweiss Financial Services, said. He said the company raised long-term borrowing of over Rs 7,800 crore in the past six months and have been more selective in growing the credit book.

"This gives our NBFC enough equity for the next 3-4 years to fund the next phase of growth," Shah said. As on March 30, 2019, the book size of retail credit was Rs 18,075 crore which equals corporate credit book of Rs 18,055 crore, Edelweiss said.
Total credit book, including distressed credit, stood at Rs 43,510 crore as of March 31, 2019.

The asset quality of the overall credit book continued to remain under control with gross non-performing assets (NPAs) at 1.87 per cent and net NPAs at 0.83 per cent. The diversified financial conglomerate had a balance sheet of Rs 53,932 crore as of March 31, 2019. Shares of the company traded 3.94 per cent down at Rs 157.25 apiece on the BSE.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Edelweiss Financial Services
Written By: PTI
Updated: Tue, May 14, 2019
04:15 pm
New Delhi, PTI
RELATED NEWS
Mohnish Pabrai September quarter holding: Indian-American businessman increases stake in Edelweiss Financial Services, Rain Industries  Mohnish Pabrai September quarter holding: Indian-American businessman increases stake in Edelweiss Financial Services, Rain Industries
Brokerages firms' share prices hit new 52-week high, soar up to 15% – Angel Broking leads the pack Brokerages firms' share prices hit new 52-week high, soar up to 15% – Angel Broking leads the pack
Are FIIs following Rakesh Jhunjhunwala portfolio? Just check these 5 stocks Are FIIs following Rakesh Jhunjhunwala portfolio? Just check these 5 stocks
Stocks in Focus on August 28: Yes Bank, NMDC, HAL to Allcargo Logistics; here are expected newsmakers of the day Stocks in Focus on August 28: Yes Bank, NMDC, HAL to Allcargo Logistics; here are expected newsmakers of the day
Revealed! Rakesh Jhunjhunwala holding: Big Bull pumps money into battered stocks Revealed! Rakesh Jhunjhunwala holding: Big Bull pumps money into battered stocks

LATEST NEWS

NPCI clarifies on fraud claim videos, says no person-to-person transactions via FASTags

This Mukul Agrawal textile stock may grow over 52% on strong export outlook and government initiatives

Union Minister Piyush Goyal says India wants to capture world market, to become USD 30 trillion economy very soon

BharatNCAP: Government proposes to implement vehicle safety rating, issues draft notification

Indian markets should start its journey upward by October – know why? Analyst lists out 4 reasons

How has technology changed the face of investing and what lies ahead? Analyst decodes

Home decor firm WallMantra targets to reach Rs 100 crore turnover by 2025

Crude oil settles up but posts weekly decline on recession fears

Infosys gives capital return of over Rs 24,100 cr in FY22: Co-founder and chairman Nandan Nilekani at 41st Annual General Meeting

RBI exploring options to ensure customer safety dealing with PPIs issued by non-bank entities

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV