Edelweiss Financial Services reports consolidated net loss of Rs 245 crore in Q1
28th Aug 2020

Edelweiss Financial Services has reported results for the first quarter ended June 30, 2020.

The company has reported a net loss of Rs 129.18 crore for the quarter under review against net profit of Rs 96.13 crore for the same quarter in the previous year. Total income of the company decreased by 57.90% at Rs 68.09 crore for Q1FY21 as compared Rs 161.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss attributed to owners of Rs 245.08 crore for the quarter under review against net profit of Rs 132.02 crore for the same quarter in the previous year. Total income of the company decreased by 25.65% at Rs 1,919.68 crore for Q1FY21 as compared Rs 2,581.96 crore for the corresponding quarter previous year.