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Informist, Tuesday, Nov. 11, 2025

 

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--Edelweiss Fincl Jul-Sept consol PAT INR 1.28 bln vs INR 1.10 bln year ago 
--Edelweiss Fincl Q2 consol revenue INR 18.61 bln vs INR 27.95 bln yr ago 
--Edelweiss Fincl to raise up to INR 10 bln via NCDs 
--Edelweiss Fincl Apr-Sept consol PAT INR 1.95 bln vs INR 1.69 bln year ago
--Edelweiss Fincl H1 consol revenue INR 41.07 bln vs INR 50.89 bln yr ago

 

By Arundathi A R

 

MUMBAI – Even though Edelweiss Financial Services Ltd.'s consolidated revenue declined sharply on year, the near INR-3-billion deferred tax write back helped the company report a net profit for the September quarter. Had it not been for the tax write back, the financial services entity would have posted a consolidated net loss. 

 

The company reported a consolidated net profit of INR 1.28 billion for the September quarter, up over 16% on year. However, its consolidated revenue from operations fell 33% from the year-ago period to INR 18.61 billion. Its total expenses declined almost 23% on year to INR 19.46 billion. The Edelweiss group company's insurance policy liability from an actuarial perspective declined almost 68% from the year-ago quarter to INR 1.51 billion. 

 

For the half-year till September, the financial services company's consolidated net profit was INR 1.95 billion, up over 15% on year. Its consolidated revenues for the same period fell over 19% on year to INR 41.07 billion.

 

While approving the results for the September quarter, the company's board also okayed raising INR 10 billion through non-convertible debentures in one or more tranches going forward. Its net debt fell 17% on year to $1.28 million for the reporting quarter. 

 

At 1410 IST, shares of the company traded nearly 2% higher at INR 109.30.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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