Edelweiss Cap Q4 up at Rs 82.55 cr

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Domestic brokerage firm Edelweiss Capital on Friday announced a consolidated net profit of Rs 82.55 crore for the fourth quarter ended March 31, an over two-fold growth over the corresponding period in 2007.

The company, which was listed on the bourses in 2007, had a net profit of Rs 37.38 crore in Q4 of FY'07, Edelweiss said in a filing to the Bombay Stock Exchange.

The total income rose to Rs 405.78 crore in the latest quarter, from Rs 135.88 crore in the same period previous fiscal.

The board has declared a dividend of 40 per cent on shares of face value of Rs five each for the year 2007-08.

For the year ended March 31, the group announced a consolidated net profit of Rs 273.24 crore, an over two-fold growth over the year-ago period.

The firm had a net profit of Rs 109.89 crore in FY'07.

The total income rose to Rs 1,088.86 crore for FY'08, from Rs 371.76 crore in the year-ago period.

The company announced a standalone net profit of Rs 10.01 crore for the fourth quarter, nearly two-fold growth over the corresponding period a year-ago.

Edelweiss Capital had a net profit of Rs 5.31 crore in the fourth quarter of FY'07.

The total income rose to Rs 71.2 crore for the latest quarter, from Rs 20.19 crore in the corresponding period previous fiscal.

For the year ended March 31, the company had a standalone net profit of Rs 28.78 crore, a 6.36 per cent growth over the year-ago period, while the total income rose to Rs 187.66 crore.