Edelweiss Financial Services released their first quarter result of  the current fiscal year with a net profit of Rs. 264.40 crore posting against a Rs.196.32 crore in the previous quarter of same period. Revenue from operations increased to Rs. 2435.5 crore, an 17.7% increase as compared to of last fiscal year same period.

The CEO and Chairman of the company said that the company’s Q1 FY19 has been good for edelweiss with strong growth in both consolidated as well as ex-insurance PAT. Edelweiss PAT has consistently inclined CAGR of 38% over the course of 29 quarters, said by the CEO.

Edelweiss Financial Services EBITA reached up to Rs.1527.50 crore, a 33.2% rise, in comparison, to Rs.1146.61 crore of Q1 FY18. Although even after the reporting of a decent performance, stock prices of Edelweiss took a dive of more than 6% during the trading session on Wednesday.

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