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Saturday, Jan 24, 2009
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Business Daily from THE HINDU group of publications Saturday, Jan 24, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Markets
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Financial Performance Corporate Results - Financial Services
Our Bureau Mumbai, Jan. 23 Edelweiss Capital’s standalone net profit for the third quarter of the current fiscal rose marginally by six per cent to Rs 4.4 crore from Rs 4.15 per cent in the previous year ago quarter. The total income for the quarter dipped to Rs 38.95 crore from Rs 46.19 crore. The company’s consolidated net profit, though, dropped 58.7 per cent to Rs 38.13 crore from Rs 92.43 crore. The company’s total income during the period dipped 38 per cent to Rs 198.59 crore (Rs 323.53 crore). Fee and commission based income fell from Rs 125.22 crore to Rs 47.85 crore, income from treasury and arbitrage dropped to Rs 44.75 crore (Rs 94.57 crore) and investment and dividend income decreased to Rs 13.44 crore (Rs 36.27 crore). The share price of the company closed marginally lower by 0.88 per cent at Rs 235.8 on the BSE on Friday. Indiabulls
Indiabulls Financial Services reported a drop in its standalone and consolidated net profit for the quarter ended December 31, 2008. Its standalone net profit fell 65 per cent to Rs 36.29 crore from Rs 105.14 crore for the quarter ended December 31. The company’s total income increased to Rs 456.14 crore from Rs 316.18 crore. Though the company’s income from investment and financing related activities has increased, it made a loss of Rs 0.05 crore in fee income as compared with a profit of Rs 50.6 crore in the corresponding year-ago quarter. The company’s consolidated net profit fell 58 per cent to Rs 68.06 crore from Rs 161.96 crore. Its total income rose 25.6 per cent to Rs 543.86 crore from Rs 432.75 crore. On Friday, Indiabulls Financial Services’ share price was up 3.5 per cent on the BSE at Rs 91.55. More Stories on : Financial Performance | Financial Services
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