Edelweiss Financial Services (EDELWEISS) Q1 26/27 earnings summary

Executive summary

• Consolidated profit after minority interest rose 83% year-over-year to INR 122 crore for the quarter, with revenue at INR 2,419 crore and robust growth across key business segments.

• Customer reach expanded 30% year-over-year to over 14 million, with customer assets up 23% to INR 2.8 trillion.

• Corporate net debt declined 10% year-over-year to INR 5,725 crore, and book value per share rose 19% to INR 57.

• Board approved unaudited financial results and a public issue of non-convertible debentures up to INR 1,000 crore.

• Mutual fund equity AUM grew 32% year-over-year to INR 96,000 crore by June, surpassing INR 1 lakh crore in July.

Financial highlights

• Alternative Asset Management fee-paying AUM up 27% year-over-year to INR 48,623 crore; quarterly PAT up 45% to INR 81 crore; annualized ROE at 29%.

• Mutual fund profit grew 33% year-over-year to INR 37 crore; SIP book up 63% to INR 696 crore.

• Housing finance AUM grew 14% year-over-year to INR 4,900 crore; disbursals at INR 218 crore; GNPA at 2.91%.

• MSME AUM increased 94% year-over-year to INR 2,127 crore, with disbursements tripling to INR 353 crore; GNPA improved to 2.19%.

• Zuno General Insurance GWP up 58% year-over-year to INR 415 crore; policies issued up 68% year-over-year.

Outlook and guidance

• EAAA IPO targeted for Q3 FY 2027, with roadshows planned and listing expected in October.

• Carlyle investment in Nido expected to close by September 2026.

• Insurance businesses on track to achieve breakeven for FY 2027.

• MSME disbursement planned at INR 2,000 crore for FY 2027, with profitability expected as AUM scales to INR 4,000-5,000 crore.

• Corporate debt reduction targeted below INR 4,000 crore by year-end.