Edelweiss Financial Services Reports Strong PBT Growth in Q1 FY25
Edelweiss Financial Services, a midcap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ended June 2024. The company’s stock has received a ‘Sell’ call from MarketsMOJO, a leading financial analysis platform.
According to the financial report, Edelweiss.Fin. has shown a flat performance in the quarter, with a score of 3 out of 5, which is a decrease from the previous quarter. However, there are some positive aspects to the company’s financials.
One of the key highlights is the Profit Before Tax less Other Income (PBT) for the quarter, which has shown a significant growth of 1203.50% year on year, reaching Rs 93.20 crore. This is a very positive trend for the company in the near term.
Despite the overall flat performance, Edelweiss Financial Services has managed to maintain a strong PBT, which is a crucial factor in the finance and NBFC industry. Investors and stakeholders can take note of this positive aspect while evaluating the company’s financials.
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