{"id":17951,"date":"2020-08-27T20:01:58","date_gmt":"2020-08-27T20:01:58","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=17951"},"modified":"2020-08-27T20:01:58","modified_gmt":"2020-08-27T20:01:58","slug":"edelweiss-financial-services-q1fy21-records-a-consolidated-loss-of-rs264cr-in-q1fy21","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=17951","title":{"rendered":"Edelweiss Financial Services Q1FY21; records a consolidated loss of ~Rs264cr in Q1FY21"},"content":{"rendered":"<p><\/p>\n<div id=\"story_card\">\n                                                <!--read more button--><\/p>\n<p>                                                <!--read more button--><br \/>\n                                                <!--start Current story content--><\/p>\n<div class=\" current_content serif\">\n<div style=\"display:inline; float: ;\">\n\t<img loading=\"lazy\" decoding=\"async\" align=\"left\" alt=\"Quarterly Results\" class=\"imgCont\" height=\"233\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/misc\/2017-01\/12\/full\/quarterly-results-1484195642-09991350.jpg\" style=\"margin: 5px;\" title=\"Quarterly Results\" width=\"350\"\/><\/div>\n<p>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.<\/p>\n<p>Net interest income (NII) stood at Rs53.33cr as against Rs400.82cr it reported in Q1FY20. A decline of 86.7% yoy.<\/p>\n<p>Company reported operating loss of Rs242.62cr in Q1FY21. A decline of 219.4% yoy as against operating profit of Rs203.13cr in Q1FY20.<\/p>\n<p>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.<\/p>\n<p>Share price of company closed at Rs83.85 up by 2.38% on BSE.<\/p>\n<p>\u00a0<\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:432px;border-collapse:collapse;\" width=\"432\">\n<tbody>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-width: 1pt; border-style: solid; border-color: windowtext; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Particulars<\/strong><\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width: 80px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: none; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Q1FY21<\/strong><\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width: 68px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: none; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Q1FY20<\/strong><\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width: 68px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: none; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Change<\/strong><\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-top: none; padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\tNet interest income<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:80px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t53.33<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t400.82<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t-86.7%<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-top: none; padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\tOperating profit(Loss)<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:80px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t(242.62)<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t203.13<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t-219.4%<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-top: none; padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\tNet Profit(Loss)<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:80px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t(263.67)<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t134.49<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t-296.1%<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n<p><!--start sk\n                                                    \n\n<div>\n                                                        \n\n<div class=\"clearfix\"><\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-4 col-sm-5 col-xs-4\">\n\n<div class=\"loading large-image-loading \"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-4 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-5 col-md-5 col-sm-5 col-xs-5 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                                                        \n\n<div class=\"col-lg-7 col-md-8 col-sm-7 col-xs-7 mb10\">\n\n<div class=\"loading small-line\"><\/div>\n\n<\/div>\n\n\n                            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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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-17951","post","type-post","status-publish","format-standard","hentry","category-banking-business"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/17951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17951"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/17951\/revisions"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}