Edelweiss Q4 Net Results: Net Loss at Rs. 2,281 Crores

Edelweiss Q4 Net Results: Net Loss at Rs. 2,281 Crores

Edelweiss Q4 Net Results: Net Loss at Rs. 2,281 Crores

To begin with, Edelweiss Financial Services had reported its Q4 results on July 5th. Certainly, the consolidated net loss of the company stood at Rs. 2,281.55 crores for the March 2020 quarter. Earlier, in the year-ago period, the company posted a profit of Rs. 246.32 crores. 

Besides, the total revenue from the operations stood at Rs. 1,935.40 crores in Q4 FY20. So then, this stood low by 36% at Rs. 3,035.62 crores in the Q4 FY19. 

On the other hand, the impairments of financial instruments of the company stood at Rs. 2,039.05 crores in the present quarter. Comparatively, in the previous financial year, it stood at Rs. 102.61 crores. 

July 3rd Stock Market Details: 

On July 3rd, both the Sensex and the Nifty had traded with a bullish trend in the stock market. The Sensex traded with a profit of 152.88 points and reached 35,994.25 levels with a 0.42% gain. On the other side, the Nifty traded high with 49.90 points at 10,599.60 level with a 0.47% gain. 

Besides, as of July 5th, the number of confirmed COVID-19 cases across India has reached 6,73,165. Also, the number of deaths in the country has reached 19,268. 

In the border market yesterday, the S&P BSE Midcap index gained 98.78 points with a 0.75% rise and reached a 13,314.52 level. Also, the S&P BSE Smallcap index gained 75.17 points with a 0.60% rise and reached a 12,618.51 level. At the same time, the Nifty Bank lost 96.00 points with a 0.44% fall and reached 21,848.40 level.

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