Institutional broking and investment banking firm Edelweiss Capital has announced its fourth quarter financial results for the fiscal year 2009-10.

The company has posted a net profit of Rs 245 crore for the quarter that ended in 31st March, 2010. This net profit figure has grown up by 17% as compared to the same quarter in the preceding year. The net income of the company has gone up by 8% in the quarter under review to Rs 969 crore.

According to market experts, the company has received the benefit of improved fund-raising activity and recovery in the market. Several mergers and acquisitions of the company have helped it to post such a striking quarterly result.

Moreover the consolidated net profit of the company has gone up by 27% in this quarter against the same quarter last year. It was reported to be Rs 56 crore during the quarter. The consolidated income from operations has touched Rs 259 crore with a hike of 44% this time. The board has decided to recommend a final dividend of 60% to its investors subject to the approval of the share holders.