Financial Services company Edelweiss Financial Services announced Q2FY25 results EAAA Annual Recurring Revenue (ARR) AUM increased 13% YoY to Rs 44,900 crore. Its AUM grew 15% YoY to Rs 57,250 crore. Mutual Fund Equity AUM was up 73% YoY to Rs 59,200 crore and AUM increased by 23% YoY to Rs 1,40,500 crore. Asset Reconstruction business recovered Rs 1,526 crore in the quarter. Net D/E improved to 0.2x from 2.8x in March’19. Retail disbursals in NBFC of Rs 66 crore. Wholesale book reduced by 34% YoY to Rs 3,750 crore. Disbursements in Nido Home Finance of Rs 292 crore. Partnership with State Bank of India continues to deepen. Gross written premium for Zuno General Insurance grew by 27% YoY to Rs 243 crore, one of the fastest growing in the industry. Losses declined by 66% YoY in the quarter. In Life Insurance, Gross Premium stood at Rs 481 crore. AUM grew by 21% YoY to Rs 8,722 crore. Net Worth at Rs 6,386 crore. Net Debt reduced by Rs 2,250 crore YoY. Liquidity of Rs 4,000 crore. Strong capitalization across businesses, with capital adequacy of over 37% across credit entities. Rashesh Shah, Chairman, Edelweiss Financial Services said: “The Indian economy is witnessing a temporary slowdown, with this quarter’s growth projected to be 20 bps lower than the target. While India Inc is expected to record a 16-quarter low revenue growth, the momentum is expected to recover owing to demand surge in the festive season and strong private investments, particularly in real estate and corporate capex. India's ability to self-correct, rebalance, and adapt to the realities of the global market further strengthens our outlook. Looking ahead, India's prospects are well-supported by policy stability, sectoral incentives, and infrastructure investments, giving us confidence in a steady trajectory amidst global uncertainties. This quarter, we reported an ex-Insurance PAT of Rs 163 crore. We continue to see healthy profitability with steady growth in key business metrics. Further, the balance sheet remains robust with all businesses being well capitalized. Customer reach expanded by 45% YoY, growing to 9.1 million, while customer assets grew by 12% YoY, reaching Rs 2.3 trillion. At Edelweiss, our roadmap constitutes of four building blocks – Asset Management, Insurance, Credit and Corporate Debt and we remain committed to delivering on them. In Asset Management businesses, significant intrinsic value has been created over the last 5 years, with the value unlock process for EAAA in the pipeline and the Mutual Fund business building preparedness for listing. In Zuno General Insurance and Life Insurance businesses, we are on track to break even by FY27 while in Credit, comprising Asset Reconstruction, NBFC and Nido Home Finance businesses, our focus is to generate double-digit ROE by building an asset-light, tech driven co-lending platform while enhancing productivity and efficiency. Lastly, our consolidated debt has reduced significantly over the years and going forward our focus remains on reducing the Corporate Net Debt.” Result PDF