Edelweiss Q2 net up 45% on jump in fees, commission

The diversified revenue mix has helped us improve our performance: Edelweiss CEO

Edelweiss Financial Services consolidated net profit for the quarter ended September (Q2FY18) rose 45 per cent on a sharp uptick in income from fee and commission.  Net profit was Rs 209 crore in Q2FY18, against Rs 144.4 crore a year ago.

While lending-based income, a mainstay of the financial services firm, rose 12 per cent to Rs 1,380 crore from Rs 1,233 crore in Q2FY17.  The fees and commission income almost doubled to Rs 473 crore from Rs 241 crore in Q2FY17, the company said.  Premium income from the life insurance business grew 43 per cent to Rs 121 crore