This small-cap financial service company locked at an upper circuit also declares dividend; do you own it?

Net profit of Rs 172 crore for Q4FY23 is up by 282.02 per cent on YoY basis, compared to Q4FY22.    

On June13, 2023, the shares of Edelweiss Financial Services limited locked at an upper circuit of Rs 51.95 per share on BSE. The 52-week high and 52-week low are Rs 77.40 per share and Rs 37.43 per share, respectively on BSE. 

Good news for shareholders, as company has recommended a final dividend of Rs 1.25 per share on share of the face value of Re 1 each.  

The key highlights of Q4FY23:    

1) Total sales stood at Rs 3,012 crore in Q4FY23, witnessing a surge of 57.60 per cent YoY basis as compared to Q4FY22.    

2) The operating profit for Q4FY23 is at Rs 803 crore, same as Q4FY22.    

3) Net profit of Rs 172 crore for Q4FY23 is up by 282.02 per cent on YoY basis, compared to Q4FY22.    

The key highlights for FY23:    

1) Total sales of Rs 8,481 crore, zoomed by 17.09 per cent on YoY basis over FY22.    

2) The EBIDTA level stood at Rs 69.1 crore, witnessing spike of 40.4 per cent on YoY basis as compared to FY22.    

3) PAT holds at Rs 2,814 crore, dipped by 12.17 per cent on YoY basis from FY22.  

Edelweiss Financial Services is primarily in the business of providing investment banking services and holding company functions such as business development, management and financial assistance. 

The company has a strong client base of 1.2 million that is serviced through a network of over 476 offices, with close to 11,000 employees. 

The stock has gained momentum in the past 3 year as it has given more than 15 per cent returns. Keep a close eye on this small-cap financial services stock.