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Edelweiss Financial Services Q2 net profit rises 50% to ₹193 crore
GreyOak summary
Edelweiss Financial Services reported a 50% year-on-year increase in Q2 net profit to ₹193 crore, driven by a ₹386 crore post-tax gain from selling Nido Home Finance. Total income rose 37% to ₹2,602 crore. The company also saw a 28% rise in AUM for its alternative asset management segment.
What it affects
- Edelweiss Financial ServicesEDELWEISSPositive +98
Net profit rose 50% to ₹193 croreRolling sentiment Positive +54
Source
Read the original at BusinessLineMore Edelweiss Financial Services news
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