Edelweiss Financial Services (EDELWEISS) Q2 26/27 earnings summary

Executive summary

• Q2FY27 consolidated PAT post minority interest rose 50% YoY to ₹193 Cr; revenue increased 37% to ₹2,602 Cr. H1 PAT reached ₹315 Cr, up 61%, on revenue of ₹5,021 Cr, up 20%.

• Customer reach grew 24% YoY to 15 Mn and customer assets rose 24% to ₹2.9 Tn.

• Corporate net debt fell 18% YoY; Zuno recorded its first profitable quarter, and H1 insurance losses narrowed 58% YoY.

Financial highlights

• Q2 consolidated revenue was ₹2,602 Cr, up 37% YoY; H1 revenue was ₹5,021 Cr, up 20%.

• Q2 consolidated PAT post MI was ₹193 Cr vs ₹128 Cr; H1 PAT was ₹315 Cr vs ₹195 Cr, up 61% YoY.

• Q2 operating-business PAT was ₹190 Cr vs ₹110 Cr, while corporate PAT was ₹17 Cr vs ₹65 Cr. H1 operating-business PAT was ₹355 Cr vs ₹286 Cr.

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

• Q2 consolidated PBT was ₹241.45 Cr, including a ₹453 Cr pre-tax gain from Nido's sale and deconsolidation; employee benefits included a ₹220 Cr variable incentive provision.

Outlook and guidance

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

• H1 PAT rose 35% YoY in Alternatives and 64% in Mutual Fund; Zuno turned profitable in Q2, and MSME AUM and disbursals grew 2x and 3x YoY in H1.

• Expected liquidity inflows of ₹9,000 Cr and outflows of ₹10,000 Cr from Oct 2026 to Sep 2027 imply closing available liquidity of ₹6,100 Cr.