Edelweiss Financial Services Q2 Results Live: Profit Rise by 45.13% YoY

Edelweiss Financial Services Q2 Results Live : Edelweiss Financial Services declared their Q2 results on 29 Oct, 2024, showcasing robust growth in both revenue and profit. The company's topline surged by 31.36% year-on-year, while profit experienced an impressive increase of 45.13% compared to the same quarter last year.

In comparison to the previous quarter, Edelweiss saw revenue growth of 21.79% and a remarkable profit increase of 87.18%. This strong performance reflects the company's effective strategies in navigating market challenges.

However, the company's Selling, General, and Administrative expenses saw a significant rise, climbing 57.12% quarter-on-quarter and 64.85% year-on-year. This increase may prompt analysts to scrutinize operational efficiencies moving forward.

The operating income also demonstrated positive momentum, increasing by 23.6% from the previous quarter and 29.29% year-on-year. This growth in operating income highlights the company's ability to enhance its core profitability despite rising costs.

Edelweiss reported an Earnings Per Share (EPS) of ₹2.08 for Q2, which reflects a staggering increase of 192.69% year-on-year. This substantial rise in EPS is likely to bolster investor confidence in the company's future prospects.

In terms of market performance, Edelweiss Financial Services has delivered a -1.81% return over the last week but has shown a notable 39.19% return over the past six months and a strong 40.8% year-to-date return. The company currently holds a market cap of ₹10076.47 Cr with a 52-week high of ₹145.53 and a low of ₹59.41.