Edelweiss Financial Services (EDELWEISS) Q3 24/25 earnings summary

Executive summary

• Consolidated PAT for the quarter was INR 124 Cr; ex-Insurance PAT at INR 185 Cr for the quarter.

• Customer base expanded 45% YoY to 9.7 million; customer assets at INR 2.3 trillion.

• Board approved unaudited financial results and a public issue of NCDs up to INR 1,000 Cr.

• Auditors issued unmodified opinions on both consolidated and standalone results.

Financial highlights

• Consolidated revenue for the quarter was INR 1,997 Cr; net profit for the quarter was INR 155.18 Cr.

• EAAA AUM up 11% YoY to INR 57,775 Cr; Mutual Fund Equity AUM up 56% YoY to INR 62,200 Cr.

• Mutual Fund AUM up 14% YoY to INR 1,40,300 Cr; SIP book up 80% YoY to INR 360 Cr.

• Asset Reconstruction recovered INR 1,446 Cr in the quarter; retail recoveries share up 200 bps YoY.

• Net debt reduced by INR 3,810 Cr YoY; liquidity at INR 4,570 Cr.

Outlook and guidance

• Insurance businesses targeted to breakeven by FY27; operational efficiency in Life Insurance improving.

• EAAA filed DRHP for IPO with an offer for sale up to INR 1,500 Cr.

• Continued focus on scaling profitability in EAAA and Mutual Fund segments.

• Net debt reduction remains a key priority, with a five-year decline of ~INR 28,000 Cr.