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Edelweiss Capital's net profit decreased 46 per cent from Rs 61 crore in the first quarter of last year to Rs 33 crore in Q1FY12.
The company's net profit margin eroded 14 percentage points during Q1FY11 to eight per cent even as income rose 39 per cent over the first quarter of last financial year to Rs 396 crore. Total expenditure rose 77 per cent over Q1 last year to Rs 344 crore due to a 46 per cent increase in operating expenditure and a 23 per cent increase in manpower costs and a 137 per cent increase in interest cost.
At the end of Q1, 11.6 per cent of the promoter and promoter group shareholding was pledged against 11.23 per cent in the corresponding quarter of last year.
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