Edelweiss Capital Q1 Net dips 46%

Jul 25 2011, 15:52 IST
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SummaryEdelweiss Capital today reported a 46 per cent decline in profit after tax.

Financial services company Edelweiss Capital today reported a 46 per cent decline in profit after tax at Rs 33 crore for the April-June quarter.

The firm had a net profit of Rs 61 crore in the June quarter of the previous fiscal (2010-11), it said in a statement.

Total revenue during the first quarter of FY'12 rose to Rs 396 crore from Rs 284 crore in the corresponding period of the last fiscal.

Persistent cost pressure and continued investment in new businesses and upgrading infrastructure has affected the bottom line, Edelweiss Capital Chairman & CEO Rashesh Shah said.

SE Investments Q1 Net at Rs 17 cr

SE Investments today reported a 0.29 per cent growth in

net profit at Rs 17.10 crore for the quarter ended June 30, 2011.

The financial services company's net income from operations rose by 16.25 per cent in the first quarter of the current fiscal to Rs 47.14 crore.

As on June 30, the company's net worth stood at Rs 365 crore, SE Investments said in a statement.

“We have posted consistent growth in spite of stiff competition through a constantly updated product portfolio,” S E Investments Managing Director Sunil Agarwal said.

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