Edelweiss Financial Services said on Wednesday its net profit for the fourth quarter ended March declined by 10.4 per cent to Rs 38.76 crore. The company's net profit during January-March 2011 was Rs 43.26 crore, it said in a BSE filing. Its total profit during 2011-12 fiscal fell to Rs 127.74 crore, down 45 per cent from a year ago, the filing said.