Edelweiss Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 24, 2014 at 04:04 am
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Edelweiss Financial Services Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company reported total income from operations of INR 6,413.8 million against INR 5,366.8 million for the same period in the last year. Profit from operations before other income and finance costs was INR 3,848.4 million against INR 3,295.0 million a year ago. Profit before tax was INR 793.7 million against INR 671.1 million for the same period in the last year. Profit after tax, net profit was INR 494.5 million or INR 0.74 per diluted share before and after extraordinary items against INR 449.5 million or INR 0.59 per diluted share before and after extraordinary items for the same period in the last year.
For the nine months, on consolidated basis, the company reported total income from operations of INR 18,409.0 million against INR 15,732.5 million for the same period in the last year. Profit from operations before other income and finance costs was INR 11,385.0 million against INR 9,968.0 million a year ago. Profit before tax was INR 2,348.9 million against INR 1,795.2 million for the same period in the last year. Profit after tax, net profit was INR 1,463.3 million or INR 2.07 per diluted share before and after extraordinary items against INR 1,201.9 million or INR 1.65 per diluted share before and after extraordinary items for the same period in the last year.
For the quarter, on standalone basis, the company reported total income from operations of INR 474.8 million against INR 333.0 million for the same period in the last year. Profit from operations before other income and finance costs was INR 368.8 million against INR 164.0 million a year ago. Profit before tax was INR 165.1 million against INR 108.9 million for the same period in the last year. Profit after tax, net profit was INR 137.5 million or INR 0.18 per basic and diluted share before and after extraordinary items against INR 108.9 million or INR 0.14 per basic and diluted share before and after extraordinary items for the same period in the last year.
For the nine months, on standalone basis, the company reported total income from operations of INR 1,171.3 million against INR 1,090.1 million for the same period in the last year. Profit from operations before other income and finance costs was INR 648.8 million against INR 563.0 million a year ago. Profit before tax was INR 298.2 million against INR 293.6 million for the same period in the last year. Profit after tax, net profit was INR 263.5 million or INR 0.34 per diluted share before and after extraordinary items against INR 467.9 million or INR 0.38 per diluted share before and after extraordinary items for the same period in the last year.
Edelweiss Financial Services Limited is an India-based diversified financial services company providing a broad range of financial products and services to a various client base that includes corporations, institutions and individuals. The Company's segments include Agency business, Capital business, Insurance business, Asset reconstruction business and Treasury business. The Agency business includes advisory and other fee-based businesses. The Capital business represents lending business and investment activities. The Asset reconstruction business represents purchase and resolution of distress assets. The Insurance business represents life insurance business and general insurance business. The Treasury business represents trading activities. Its asset management services comprise mutual funds and alternative asset advisors. The Company offers a wide range of investment products for investors to choose from, including equity funds, debt funds, balanced funds and liquid funds.
Edelweiss Financial Services Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013