Edelweiss Financial Services gains on turning black in Q3

Edelweiss Financial Services is currently trading at Rs. 68.95, up by 0.20 points or 0.29% from its previous closing of Rs. 68.75 on the BSE.

edelweiss financial services gains on looking to strengthen business in retail credit segment
edelweiss financial services gains on looking to strengthen business in retail credit segment

The scrip opened at Rs. 69.00 and has touched a high and low of Rs. 69.60 and Rs. 68.55 respectively. So far 128609 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 100.80 on 14-Jul-2021 and a 52 week low of Rs. 56.70 on 03-May-2021. Edelweiss Financial Services

Last one week high and low of the scrip stood at Rs. 70.70 and Rs. 67.35 respectively. The current market cap of the company is Rs. 6486.23 crore.

The promoters holding in the company stood at 32.63%, while Institutions and Non-Institutions held 34.89% and 32.48% respectively.

Edelweiss Financial Services has reported results for third quarter ended December 31, 2021.

The company has reported net profit of Rs 333.26 crore for the quarter under review as against net loss of Rs 0.22 crore for the same quarter in the previous year. Total income of the company reported 6- fold jump at Rs 438.55 crore for Q3FY22 as compared Rs 69.01 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit of Rs 76.19 crore for the quarter under review as against net loss of Rs 63.00 crore for the same quarter in the previous year. However, total income of the company decreased by 13.88% at Rs 1887.29 crore for Q3FY22 as compared Rs 2191.34 crore for the corresponding quarter previous year.

Leave a Comment