Edelweiss Financial Services Limited FY15 Audited Results | Digital Conqueror

Edelweiss Financial Services Limited FY15 Audited Results

Edelweiss Financial Services Limited, India’s leading diversified financial services company, declared its audited, consolidated results for the Financial Year 2014-15 ended March 31, 2015 today.

FY15 Highlights:

* Total Revenue ` 3,912 cr (` 2,556 cr for FY14), up 53%

* Profit After Tax ` 329 cr (` 220 cr for FY14), up 49%.

* Profit After Tax ex-ins ` 381 cr (` 272 cr for FY14), up 40%

* Asset Base of the company now ` 27,000 cr

* Group Gross Networth ` 3,375 cr; Tangible Equity ex-ins ` 2,487 cr

* Return on Tangible Equity ex-ins 15.6%

* Final Dividend recommended @ ` 0.20 per share (FV ` 1 per share)

Total Dividend @ ` 1.00 per share (FV ` 1 per share) for FY15, subject to approval

 Q4FY15 Highlights:

* Total Revenue ` 1,215 cr (` 699 cr for Q4FY14), up 74%

* Profit After Tax ` 88 cr (` 61 cr for Q4FY14), up 45%

* Profit After Tax ex-ins ` 103 cr (` 72 cr for Q4FY14), up 43%

* Return on Tangible Equity ex-ins 16.1%

Official Statement from the Company

Edelweiss has constantly pursued the strategy of synergistic diversification of its businesses to become a large and respected Financial Services firm with businesses across all growth areas in the financial services sector. We have de-risked the business model by diversifying across businesses, asset classes, client segments, markets and geographies to reduce volatility and build sustainability in performance. This has helped us build a diversified financial services business group in a nonbanking company structure. With the diversification phase complete in FY12, we have focused on scaling up businesses, improving efficiency and productivity, strengthening balance sheet, risk management and compliance, instilling customer-centricity, upgrading technology and building leadership, thereby bringing Edelweiss to a

With the diversification phase complete in FY12, we have focused on scaling up businesses, improving efficiency and productivity, strengthening balance sheet, risk management and compliance, instilling customer-centricity, upgrading technology and building leadership, thereby bringing Edelweiss to a future ready status. Our diversification strategy and focus on these areas have resulted in our performance recording significant growth in our revenues and net profit which have grown at a CAGR of 33% and 37% respectively in the past three years even though the business environment in a major part of these years was one of the most challenging ones.

Get more information in the Full Reports here.

Source: Edelweiss Financial Services Limited

 

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