Mumbai-based financial services major, Edelweiss Capital has registered a consolidated net profit of Rs 82.55 crore for the fourth quarter ended March 2008, up 88% over the net profit of Rs 37.38 crore, for corresponding period, last fiscal.

The company’s total income rose to Rs 405.78 crore in the latest quarter, from Rs 135.88 crore in the same period previous fiscal.

For the year ended March 2008, the group announced a consolidated net profit of Rs 273.24 crore, an over two-fold growth over the year-ago period. The firm had a net profit of Rs 109.89 crore in FY'07.

The total income rose to Rs 1,088.86 crore for FY08, from Rs 371.76 crore in the year-ago period.

The board has declared a dividend of 40 per cent on shares of face value of Rs five each for the year 2007-08.

Earlier this month, Edelweiss Capital received the regulatory approvals from Securities & Exchange Board of India (SEBI) to start its mutual fund business. Technical analysts have suggested a BUY call for the stock for long term investors.