{"id":19835,"date":"2022-02-01T08:45:00","date_gmt":"2022-02-01T03:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-results-edelweiss\/"},"modified":"2022-02-01T08:56:02","modified_gmt":"2022-02-01T03:26:02","slug":"biz-results-edelweiss","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-edelweiss\/","title":{"rendered":"Edelweiss Q3 Results: Consolidated net Profit falls to Rs 127 cr on lower revenue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1156910734\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mumbai, Jan 31 (PTI) Edelweiss Financial Services on Monday reported a consolidated net profit of Rs 127.4 crore for the December quarter, as against net loss of Rs 135.2 crore in the same period previous year even though its revenue fell during the quarter.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2556120934\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company said the numbers are excluding those of the insurance verticals without sharing the same.<\/p>\n<p>Its revenue fell to Rs 1,887.3 crore from Rs 2,191.3 crore a year ago but did not offer any reason for the decline.<\/p>\n<p>Its credit businesses reported a net income of Rs 37 crore, as the company could maintain asset quality and did only conservative lending with disbursements touching Rs 400 crore of which Rs 100 crore were from securitized in housing loans during the quarter.<\/p><div class=\"trade-content_5\" id=\"trade-2657989008\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>While retail collection efficiency was at 98 per cent, in housing finance and SME loans it was only 93 per cent, the company said.<\/p>\n<p>Its asset reconstruction arm, Edelweiss ARC, which is the industry leader, saw good recoveries which touched Rs 2,500 crore in the quarter, of which Rs 200 crore were from retail portfolio.<\/p>\n<p>During the reporting period the company acquired assets worth Rs 1,200 crore. The share of retail assets grew fivefold annualized and currently stands at 11 per cent of capital employed. PTI BEN MR   MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-3799504609\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Jan 31 (PTI) Edelweiss Financial Services on Monday reported a consolidated net profit of Rs 127.4 crore for the December quarter, as against net loss of Rs 135.2 crore in the same period previous year even though its revenue fell during the quarter. The company said the numbers are excluding those of the insurance [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31,1789],"tags":[],"class_list":["post-19835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Edelweiss Q3 Results: Consolidated net Profit falls to Rs 127 cr on lower revenue - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-edelweiss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edelweiss Q3 Results: Consolidated net Profit falls to Rs 127 cr on lower revenue\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Jan 31 (PTI) Edelweiss Financial Services on Monday reported a consolidated net profit of Rs 127.4 crore for the December quarter, as against net loss of Rs 135.2 crore in the same period previous year even though its revenue fell during the quarter. 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