Edelweiss consolidated Q3 net profit jumps 56% to Rs 46 cr
Credit disbursal touched Rs 1,400 crore in the quarter from Rs 1,200 crore in Q2, Shah said, adding the company is disbursing an average of Rs 60-70 crore every month.
Interest and capital-based income rose to Rs 439 crore from Rs 373 crore a year ago, up 18 per cent. This income stream includes income from credit and commodities businesses and treasury operations, the company said.
Fee and commission income from agency businesses rose to Rs 83 crore in Q3 from Rs 77 crore a 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.
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