year ago. This income includes income from broking, investment banking, asset management and wealth advisory businesses.
Edelweiss' wealth management business continued to be of over Rs 3,000 crore, while the structured products portfolio scaled up to more than Rs 880 crore.
Shah said though the company could improve the margins in the brokerage business to 3-5 per cent during the reporting quarter, it is still early days to say that the broking business is out of the woods. Normally, the margins in this space is 15-20 per cent.