Edelweiss Capital has come out with third quarter numbers. It has posted net profit of Rs 92.43 crore for the quarter ended December 2007 as against Rs 30.92 crore in same quarter of last year.
Net sales went up by 228% at Rs 323.21 crore versus Rs 98.5 crore. Operating profit jumped at Rs 145.1 crore from Rs 49.81 crore and operating profit margin was down at 44.89% versus 50.57%.
Other points
- I-banking biz grown by 80% YoY, institutional equities grown 120% YoY
- The Investment Banking business has successfully closed 24 transactions in 9 months
- 1/3 rd revenues from arbitrage, 18% from interest, 40% from fee and commission
- The total average daily volumes for Edelweiss Securities have grown from Rs 1,800 crore in FY07 to Rs 4,500 crore for the current year.
- The Group’s Equities Broking business continues to show a robust growth both in the Institutional and HNI client segments.
- The Research coverage has expanded to include 215 stocks across 19 sectors accounting for 61% of the total market capitalization.
| Result (Rs cr) | Dec-07 |
| Net Sales / Interest Earned / Operating Income | 46 |
| Other Income | 0 |
| Total Income | 46 |
| Expenditure | -14 |
| Interest | -26 |
| Profit Before Depreciation and Tax | 7 |
| Depreciation | 0 |
| Profit before Tax | 6 |
| Tax | -2 |
| Net Profit | 4 |
| Equity Capital | 37 |
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