Earnings Review
Edelweiss Fincl Q4 consol PAT dn 17% YoY; deferred taxes aid
This story was originally published at 20:25 IST on 30 April 2026
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--Edelweiss Fincl Jan-Mar consol net profit INR 876.0 mln
--Edelweiss Fincl Jan-Mar consol revenue INR 19.18 bln
--Edelweiss Fincl Jan-Mar consol PAT INR 876.0 mln vs INR 1.05 bln year ago
--Edelweiss Fincl Jan-Mar consol sales INR 19.18 bln vs INR 22.80 bln yr ago
--Edelweiss Fincl to pay INR 1.50 per share dividend
--Edelweiss Fincl FY26 consol PAT INR 5.47 bln vs INR 3.99 bln yr ago
--Edelweiss Fincl FY26 consol sales INR 104.17 bln vs INR 92.50 bln yr ago
By Durgesh Nandan and Cassandra Carvalho
MUMBAI – Edelweiss Financial Services Ltd. Thursday reported an on-year fall of nearly 17% in its consolidated net profit for the March quarter. Due to deferred tax and a marginal on-year decline in total expenses, the non-bank lender was able to drag itself from a net loss.
The financial services company posted a consolidated net profit of INR 876 million for the March quarter, down 16.84% on year and also down nearly 67% on a sequential basis. The company's net profit declined on-year for the first time in four consecutive quarters. The company got a deferred tax amount of INR 1.76 billion for the reporting quarter. Due to a net loss on fair value changes of INR 2.35 billion in Jan-Mar, the company's total revenue from operations declined to INR 19.18 billion, down nearly 16% on year and a sharp fall of over 56% from the trailing quarter.
The company's total expenses fell to INR 20.16 billion, down 6% on year and 47% on quarter, which slightly supported its consolidated net profit. Of this, the change in actuarial insurance policy liabilities fell to INR 259.1 million, down over 92% on year and employee benefit expenses also fell to INR 2.47 billion, down more than 15% on year.
For the financial year ended Mar. 31, the company reported consolidated net profit of INR 5.47 billion, up 37.06% on year, on a total income of INR 108.65 billion, which rose 14.15% on year. Its profit before tax was up only 3.21% on year in FY26. Its tax payments fell nearly 59% on year, which aided its bottom line for FY26.
The company received the Reserve Bank of India's approval for the appointment of Arun Mehta, the former managing director of SBI Capital Markets, for the role of managing director and chief executive officer of the its asset reconstruction business, it said.
"While our reported financials carry the impact of one-time exceptional items like GST and the new labour code, the operating business momentum has remained steady and we have made significant progress on our strategic priorities," Rashesh Shah, the chairman of Edelweiss Financial Services Ltd. said in a press release.
The company said that Ashok Kini resigned from the post of independent director on the board of directors due to personal health reasons effective Thursday. The board approved the appointment of Rajiv Jalota as independent director for a term of five years, effective Thursday. The board of Edelweiss Fincl recommended a dividend of INR 1.50 per share. Shares of the company ended 7.8% lower at INR 114.25 on the National Stock Exchange Thursday. End
Edited by Akul Nishant Akhoury
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