Edelweiss Financial Services down 5.66% despite 40% rise in PAT

DSIJ Intelligence / 17 May 2017

Edelweiss Financial Services down 5.66% despite 40% rise in PAT

Edelweiss Financial Services Ltd on Wednesday posted a profit after tax of Rs 170 crore for the quarter ended March 31, 2017, an increase of 40% as against a profit after tax of Rs 122 crore for the same quarter of the previous year, as per BSE filing.

Edelweiss Financial Services Ltd on Wednesday posted a profit after tax of Rs 170 crore for the quarter ended March 31, 2017, an increase of 40% as against a profit after tax of Rs 122 crore for the same quarter of the previous year, as per BSE filing.

The company on Wednesday also reported that the board of directors of the company at its meeting held on May 17, 2017 has recommended a final dividend of Rs 0.30 per equity share (on the face value of Re 1 each), subject to the approval of the members.

Meanwhile, the stock of the company closed at Rs 179.05 on the BSE, down by 5.66%.

Edelweiss Financial Services Ltd is engaged in providing investment banking and advisory services and holding activities/investments.

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