Edelweiss Financial Services reported a consolidated net profit of ₹226 crore in the third quarter ended December 31, 2018, down 4 per cent over the year-ago period.
The company’s board of directors declared an interim dividend of ₹1.1 per share on the equity shares of face value ₹1 each. Total income was up 25 per cent year-on-year at ₹2,791 crore.
Total expenses rose 24 per cent to ₹2,333 crore. Balance sheet assets stood at ₹55,822 crore as at December-end. Customer assets, comprising distressed credit (asset reconstruction company assets), assets under advice (wealth management), funds under management (AMC), and assets under custody and clearing, were up 19 per cent y-o-y to ₹1,91,600 crore.
The company, in a presentation, said net profit growth is expected to be about 15 per cent in FY19.