Despite an acute and challenging economic scenario, Edelweiss Financial Services, the diversified financial services conglomerate, has reported 21 per cent growth in net profit during April-June 2012 to Rs 40 crore, as compared to Rs 33 crore in the corresponding period last year.
The total revenue for the April-June 2012 quarter jumped 44 per cent to Rs 533 crore against Rs 370 crore during the corresponding period last year.
The growth in total revenues and profit quarter-on-quarter is a result of the conscious strategy to diversify across businesses, asset classes and client segments, the company said in a statement.