New Delhi, Nov 13 (PTI) Edelweiss Financial Services on Friday reported an 18 per cent growth in consolidated net profit

New Delhi, Nov 13 (PTI) Edelweiss Financial Services on Friday reported an 18 per cent growth in consolidated net profit

New Delhi, Nov 13 (PTI) Edelweiss Financial Services on Friday reported an 18 per cent growth in consolidated net profit

New Delhi, Nov 13 (PTI) Edelweiss Financial Services on Friday reported an 18 per cent growth in consolidated net profit to Rs 207 crore for the second quarter ended September.

     The company had earned a profit of Rs 175 crore in the corresponding quarter of the preceding fiscal.

     Total income increased to Rs 2,602 crore in the second quarter of FY27, compared to Rs 1,900 crore in the year-ago period, Edelweiss Financial Services said in a regulatory filing.

     Interest income rose to Rs 720 crore from Rs 687 crore in the same quarter a year ago.

     During the quarter, total expenses also rose to Rs 2,393 crore from Rs 1,946 crore in the same period a year ago.

     The company completed the Rs 1,200-crore IPO of its subsidiary Edelweiss Alternatives last month.

     Earlier this year, global investment management firm Carlyle became a strategic majority investor in another subsidiary of the company, Nido Home Finance, with an investment of Rs 2,000 crore.

(This story has not been edited by THE WEEK and is auto-generated from PTI)