Money & Banking

Edelweiss Fin Services Q3 profit up 52%

Our Bureau Mumbai | Updated on January 23, 2018

Edelweiss Financial Services, a diversified NBFC with interests in asset management, retail credit, distressed credit, insurance and wealth management, has reported a 52 per cent jump in profit at ₹236 crore for the quarter ended December 31.

Total revenues were up 30 per cent at ₹2,085 crore in the quarter. The balance sheet size rose 31 per cent to ₹48,800 crore.

The retail credit book rose 73 per cent to ₹14,200 crore while the corporate credit book rose 24 per cent to ₹16,300 crore.

Asset quality was at a comfortable level. Gross NPLs (non-performing loans) stood at 1.74 per cent and net NPL, at 0.65 per cent.

Published on January 23, 2018

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