Total Income has increased from Rs. 960.4 crore for the quarter ended December 31, 2014 to Rs. 1343.3 crore for the quarter ended December 31, 2015.
The Group has posted a net profit after at Rs. 106 crore for the quarter ended December 31, 2015 as compared to Rs. 82.9 crore for the quarter ended December 31, 2014. Total Income has increased from Rs. 960.4 crore for the quarter ended December 31, 2014 to Rs. 1343.3 crore for the quarter ended December 31, 2015.
On a standalone basis, the Company has posted a net profit after tax of Rs. 52.9 crore for the quarter ended December 31, 2015 as compared to Rs. 34.6 crore for the quarter ended December 31, 2014. Total Income has increased from Rs. 77.5.crore for the quarter ended December 31, 2014 to Rs. 107.7 crore for the quarter ended December 31, 2015.
The company has declared an interim dividend of Re. 1 per equity share of the face value of Re. 1/- each for the financial year 2015-16.
Stock Commentary:
Edelweiss Financial Services Ltd is currently trading at Rs. 50.8, down by Rs. 0.75 or 1.45% from its previous closing of Rs. 51.55 on the BSE.
The scrip opened at Rs. 55.95 and has touched a high and low of Rs. 55.95 and Rs. 50.1 respectively. So far 267542(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4192.11 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 82.25 on 27-Jan-2015 and a 52 week low of Rs. 49.55 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 54.85 and Rs. 49.55 respectively.
The promoters holding in the company stood at 37.89 % while Institutions and Non-Institutions held 19.53 % and 42.58 % respectively.
The stock is currently trading above its 200 DMA.
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