Edelweiss Financial Services (EDELWEISS) investor relations material

Executive summary

• Q2FY27 consolidated PAT post minority interest rose 50% YoY to INR 193 Cr; revenue increased 37% to INR 2,602 Cr. H1 PAT rose 61% to INR 315 Cr.

• Customer reach and customer assets each grew 24% YoY to 15 million and INR 2.9 Tn, respectively.

• Zuno recorded its first profitable quarter; consolidated net debt fell 26% YoY to INR 8,435 Cr.

Financial highlights

• Q2 consolidated PAT post MI was INR 193 Cr vs INR 128 Cr; H1 PAT was INR 315 Cr vs INR 195 Cr.

• Q2 operating-business PAT was INR 190 Cr vs INR 110 Cr; corporate PAT was INR 17 Cr vs INR 65 Cr. H1 operating-business PAT reached INR 355 Cr vs INR 286 Cr.

• Consolidated Q2 PBT included a INR 453 Cr pre-tax gain from Nido’s sale and deconsolidation; employee benefits included a INR 220 Cr variable incentive provision.

• Standalone Q2 net profit was INR 30.64 Cr vs INR 32.83 Cr YoY; H1 net profit was INR 100.52 Cr vs INR 98.17 Cr.

Outlook and guidance

• FY27 priorities include growing asset-management profitability, moving insurance toward profitability, calibrated credit expansion and scaling MSME lending.

• Alternative FPAUM is expected to grow 20%–25% annually on a three-year average basis; quarterly changes can vary with fund closes, deployments and exits.

• Mutual fund equity yield was 38–39 bps, with a long-term target range of 45–50 bps through product mix, innovation and efficiency.

• Mutual fund and ARC subsidiaries could be IPO candidates in two to two-and-a-half years, after further growth.