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Edelweiss Financial Oct-Dec net up 47% at Rs 155 cr

Diversified finance firm Edelweiss Financial Services today reported a rise of 47 percent in net profit at Rs 155 crore for the third quarter of 2016-17.

February 09, 2017 / 04:32 PM IST
 
 
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Diversified finance firm Edelweiss Financial Services today reported a rise of 47 percent in net profit at Rs 155 crore for the third quarter of 2016-17.

The company had a profit of Rs 106 crore in the corresponding October-December quarter of previous fiscal 2015-16.

Total income of the company also witnessed an increase of 18 percent to Rs 1,609 crore in December quarter of 2016-17, against Rs 1,361 crore a year ago, Edelweiss Financial Services said in a release.

"Our focus remains on improving capital and operating efficiency, achieving scale in retail businesses, ensuring sustainability in our performance, strengthening balance sheet, risk and compliance, nurturing leadership, building a customer-centric culture and leverage technology for future growth," Rashesh Shah, Chairman and CEO, Edelweiss Financial Services said in the statement.