Mumbai, July 11 (UNI) Edelweiss Capital Limited today reported a 87 per cent increase in its revenue for Q1 of current fiscal at Rs 268.93 crore, with PAT surging by 52 per cent, to cross Rs 63 crore.
Announcing the results for the first quarter the country's largest investment banking company said Fee and Commission Revenues for Q1FY09 was Rs 88.65 crore, up from INR 81.55 crore for corresponding period last year. Treasury, Arbitrage and Trading Revenues was Rs 70.25 crore and Interest Revenues Rs 76.31 crore.
Edelweiss Capital Group's net worth was in excess of INR 2,400 crore. The strong and liquid balance sheet of the Company was a key differentiator and enables it to support the growth of different business lines and also maintain sufficient liquidity cushion, the Company said in a release.
While overall revenues have posted a robust YoY growth of 87 per cent during Q1FY09, a particular outstanding feature is the strong growth of interest income to Rs 76.31 crore in Q1FY09 over Rs 9.80 crore in the corresponding quarter last year.
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