Edelweiss Financial Services Q1FY21; records a consolidated loss of ~Rs264cr in Q1FY21


Quarterly Results

Edelweiss Financial Services Limited announced its Q1FY21 results on Aug 27, 2020. Consolidated total income declined by 25.7% yoy to Rs1,919.68cr in Q1FY21 from Rs2,581.96cr in Q1FY20.

Net interest income (NII) stood at Rs53.33cr as against Rs400.82cr it reported in Q1FY20. A decline of 86.7% yoy.

Company reported operating loss of Rs242.62cr in Q1FY21. A decline of 219.4% yoy as against operating profit of Rs203.13cr in Q1FY20.

Company reported a loss of Rs263.67cr for the quarter ending June 2020. It declined by 296.1% yoy as compared to Rs134.49cr that it had reported in Q1FY20.

Share price of company closed at Rs83.85 up by 2.38% on BSE.

 






Particulars

Q1FY21

Q1FY20

Change

Net interest income

53.33

400.82

-86.7%

Operating profit(Loss)

(242.62)

203.13

-219.4%

Net Profit(Loss)

(263.67)

134.49

-296.1%

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