Edelweiss Financial Services Ltd. News, Corporate filings and Earnings/Conference Calls

Financial Services company Edelweiss Financial Services announced Q3FY25 results EAAA Annual Recurring Revenue (ARR) AUM stood at Rs 42,140 crore. Its AUM grew 11% YoY to Rs 57,775 crore. Mutual Fund Equity AUM was up 56% YoY to Rs 62,200 crore and AUM increased by 14% YoY to Rs 1,40,300 crore. Asset Reconstruction businessrecovered Rs 1,446 crore in the quarter and Rs 4,303 crore in nine months. Share of retail in recoveries was 15% in nine months, up 200 bps YoY. Retail disbursals in NBFC of Rs 52 crore in the quarter and Rs 318 crore in nine months. Wholesale book reduced by 12% YoY to Rs 3,650 crore. Disbursements in Nido Home Finance of Rs 412 crore, up 37% YoY in the quarter; Rs 1,023 crore, up 32% YoY in nine months. Gross Written Premium for Zuno General Insurance grew by 27% YoY to Rs 754 crore in nine months, one of the fastest growing in the industry. Losses declined by 52% YoY in the nine-month period. In Life Insurance, Gross Premium stood at Rs 1,203 crore in nine months. AUM grew by 19% YoY to Rs 8,948 crore. Rashesh Shah, Chairman, Edelweiss Financial Services, said: “The headwinds in the Indian economy persisted this quarter. While rural consumption has been gradually recovering, driven by government support and strong agricultural output, the key to driving economic momentum and supporting GDP recovery lies in the revival of private investments and the sustained momentum of demand in the rural and urban sectors. Despite the near-term challenges posed by geopolitical risks and energy price volatility, India’s structural strengths and policy reforms continue to provide a solid foundation for long-term growth.” We reported an ex-Insurance PAT Rs 185 crore this quarter and Rs 455 crore in the nine-month period. 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 9.7 million. At Edelweiss, we remain steadfast in delivering on our key priorities and are pleased to provide important updates on our progress. In line with our strategy of creating and unlocking value at opportune moments, EAAA recently filed its DRHP and is on the path of listing, with its IPO comprising an Offer for Sale of up to Rs 1,500 crore. Additionally, both the EAAA and Mutual Fund businesses have demonstrated strong growth, with their ninemonth PAT reflecting a robust 35% and 65% YoY growth, respectively. The Insurance businesses are on track to achieve breakeven by FY27, driven by enhanced operational efficiencies that have resulted in reduced losses. Moreover, our consolidated debt has been reduced by nearly Rs 28,000 crore in the last five years, and we remain committed to reducing the Corporate Net Debt. With a continued focus on building a high-quality, wellcapitalised franchise, Edelweiss is strategically positioned to contribute to India’s long-term growth trajectory.” Result PDF

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Edelweiss Financial Services Ltd. News, Corporate filings and Earnings/Conference Calls

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