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Financial services company Edelweiss Capital has reported a 46 per cent decline in profit after tax at Rs 33 crore for the April-June quarter.
The net profit stood at Rs 61 crore in the June quarter of the previous fiscal (2010-11), the company said in a statement.
Total revenue during the first quarter of FY’12 rose to Rs 396 crore from Rs 284 crore in the corresponding period of the last fiscal.
Persistent cost pressure and continued investment in new businesses and upgrading infrastructure have affected the bottomline, the Edelweiss Capital Chairman & CEO, Mr Rashesh Shah, said.
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