Net profit of Edelweiss Capital went up by 23 per cent for the full financial year 2009-10. It was at Rs 229 crore as compared to the figures for the last fiscal.

The total revenue of the company was up by 9 per cent and stood at Rs 978 crore, as compared to last year.

Talking to the media, on Friday, on the occasion of declaration of the results, Rashesh Shah, Chairman and CEO, Edelweiss Capital was very enthusiastic. He said that the fourth quarter of the year has continued to go on with the momentum which the company was able to generate during the previous quarter.

This growth is the outcome of the rapid recovery and stability generated by the economy as a whole, during the later part of the last year.

Adding to his statement, Rashesh said that the Indian companies have to refocus themselves on growth. As per Rahesh, some of them have moved ahead on the path of stability. This is given more opportunities to the company to generate more credit and thus make more money.

The Investment Banking and Brokerage as well as the Financing business is capitalizing again on the performance of the economy.