Edelweiss Financial Services (EDELWEISS) Q4 24/25 earnings summary

Executive summary

• FY25 saw strong operational progress, with a focus on scaling core businesses, reducing debt, and pivoting to an asset-light and SME lending model.

• Board recommended a dividend of INR 1.5 per share for the year, subject to AGM approval.

• Consolidated PAT after minority interest was INR 399 crore, with ex-insurance PAT at INR 545 crore.

• Customer base expanded to 10 million, with managed assets reaching INR 2.2 trillion.

• Unmodified audit opinions received for both consolidated and standalone results.

Financial highlights

• PBT increased by 83% year-over-year to INR 802 crore; ex-insurance PAT at INR 545 crore.

• EAAA PAT up 31% YoY to INR 230 crore; mutual fund profit up 40% YoY; ARC PAT up 8% YoY.

• Zuno General Insurance losses declined by 61%; life insurance losses reduced by 20% YoY.

• Revenue for the year at INR 5,881 crore, down 3% YoY; operating expenses down 7% YoY.

• FY25 consolidated EPS: Basic 5.89, Diluted 5.81.

Outlook and guidance

• Targeting 20-25% annual growth in value creation for core businesses over the next 5-10 years.

• Insurance businesses targeted to break even by FY27, with significant YoY loss reduction in FY25.

• SME lending to become the primary focus, with the SME book expected to surpass wholesale by FY26.

• Mutual fund and equity AUM expected to grow at 20-25% annually.

• Commitment to further reduce corporate net debt and pursue EAAA business listing.