Edelweiss Financial Services Q2 Results Live : Edelweiss Financial Services declared their Q2 results on 29 Oct, 2024, showcasing robust growth in both revenue and profit. The company’s topline surged by 31.36% year-on-year, while profit experienced an impressive increase of 45.13% compared to the same quarter last year.
In comparison to the previous quarter, Edelweiss saw revenue growth of 21.79% and a remarkable profit increase of 87.18%. This strong performance reflects the company’s effective strategies in navigating market challenges.
However, the company’s Selling, General, and Administrative expenses saw a significant rise, climbing 57.12% quarter-on-quarter and 64.85% year-on-year. This increase may prompt analysts to scrutinize operational efficiencies moving forward.
The operating income also demonstrated positive momentum, increasing by 23.6% from the previous quarter and 29.29% year-on-year. This growth in operating income highlights the company’s ability to enhance its core profitability despite rising costs.
Edelweiss reported an Earnings Per Share (EPS) of ₹2.08 for Q2, which reflects a staggering increase of 192.69% year-on-year. This substantial rise in EPS is likely to bolster investor confidence in the company’s future prospects.
In terms of market performance, Edelweiss Financial Services has delivered a -1.81% return over the last week but has shown a notable 39.19% return over the past six months and a strong 40.8% year-to-date return. The company currently holds a market cap of ₹10076.47 Cr with a 52-week high of ₹145.53 and a low of ₹59.41.
Edelweiss Financial Services Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2831.74 | 2325.07 | +21.79% | 2155.76 | +31.36% |
| Selling/ General/ Admin Expenses Total | 444.62 | 282.99 | +57.12% | 269.71 | +64.85% |
| Depreciation/ Amortization | 35.98 | 33.56 | +7.21% | 30.74 | +17.05% |
| Total Operating Expense | 1850.32 | 1531.05 | +20.85% | 1396.67 | +32.48% |
| Operating Income | 981.42 | 794.02 | +23.6% | 759.09 | +29.29% |
| Net Income Before Taxes | 319.31 | 104.7 | +204.98% | 106.36 | +200.22% |
| Net Income | 110.23 | 58.89 | +87.18% | 75.95 | +45.13% |
| Diluted Normalized EPS | 2.08 | 1.67 | +24.37% | 0.71 | +192.69% |
