Edelweiss Financial Services Reports Financial Decline in Q4
Edelweiss Financial Services saw a 16.65% dip in its consolidated net profit for Q4, reporting Rs 132 crore, down from Rs 158.32 crore in the year-ago period. Total income also decreased. Despite a challenging quarter, the full-year profit rose to Rs 680.46 crore, with EAAA India Alternatives preparing for an IPO.
Edelweiss Financial Services announced a 16.65% decline in consolidated net profit for the March quarter, posting Rs 132 crore compared to Rs 158.32 crore the previous year. Total income dropped to Rs 1,969.28 crore from the prior Rs 2,343.26 crore.
The board proposed a dividend of Rs 1.50 per share, pending approval at the upcoming annual general meeting. Meanwhile, Edelweiss saw an overall profit increase for the financial year ending March 31, 2026, rising to Rs 680.46 crore from Rs 536 crore.
EAAA India Alternatives, a subsidiary, recently gained approval from SEBI for an IPO and is proceeding with its market entry. Shares of the company dropped 7.44% to Rs 114.90 on the BSE.
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