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Q1FY21 results: Edelweiss Financial Services records net loss of Rs 263.67 crore

Ganesh V
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Q1FY21 results: Edelweiss Financial Services records net loss of Rs 263.67 crore

Edelweiss Financial Services Limited announced its Q1FY21 results on Aug 24, 2020. Consolidated loss stood at Rs 263.67 crore for Q1FY21. It declined by 296.1 per cent as compared to profit of  Rs 134.5 crore that it had reported in Q1FY20.

Net interest income (NII) stood at Rs 53.33 crore as against Rs 400.82 crore it reported in Q1FY20. A decline of 86.7 per cent YoY.

Total income declined by 25.7 per cent YoY to Rs 1919.68 crore in Q1FY21. It had reported total income of Rs 2581.96 crore in Q1FY20.

Operating profit for Q1FY21 stood at loss of Rs 242.62 crore. A decline of 219.4 per cent YoY as against  Rs 203.13 crore in Q1FY20.

On Friday, share price of company closed at Rs 84.3 up by 0.54 per cent on BSE.

Particulars

Q1FY21

Q1FY20

Change

Net Profit(loss)

  (263.67)

134.49

-296.1%

Net interest income

53.33

400.82

-86.7%

Operating profit(loss)

(242.62)

203.13

-219.4%

Previous Article Q1FY21 results: PNC Infratech net profit declines by 48.61 per cent YoY to Rs 91.74 crore
Next Article Q1FY21 results: Suzlon Energy records net loss of Rs 398.86 crore

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