Edelweiss Financial Services Limited · NSE:EDELWEISS
Edelweiss Financial Services — Q4 FY2026 Earnings Presentation
56 slides from Edelweiss Financial Services's earnings presentation, April 2026
Slide 1: Earnings update – Quarter and Year ended Mar 26
Edelweiss Financial Services Limited Earnings update – Quarter and Year ended Mar 26
Slide 2: Contents
CONTENTS Overview 03 Performance highlights 06 Strategic updates 17 Key focus areas for the next year 29 Business performance 31 Governance & corporate responsibility 49
Slide 3: Overview
Overview Year ended Mar 26 3
Slide 4: Edelweiss at a glance
Edelweiss at a glance INR 5,944 Cr INR 10,430 Cr Net Worth Net Debt INR 49 INR 680 Cr (FV ₹1) Consolidated PAT BVPS 4
Slide 5: Diversified with seven high-quality businesses
Diversified with seven high-quality businesses In INR Edelweiss Financial Services Ltd (EFSL) Alternative Asset Housing General Life Mutual Fund NBFC Asset Mgt Reconstruction Finance Insurance Insurance Edelweiss Asset EAAA India Edelweiss Asset Nido Home Zuno General Edelweiss Life Reconstruction E
Slide 6: Performance Highlights
Performance Highlights Quarter and Year ended Mar 26 6
Slide 7: Performance highlights
Performance highlights 1 Growth in consol PAT and key metrics of operating businesses Consol PAT for the year grew by 27% YoY Alternative Asset Management FPAUM grew by 32% YoY to INR 44,710 Cr Mutual Fund Equity AUM increased by 25% YoY to INR 78,000 Cr MSME and Housing Finance disbursements grew b
Slide 8: Earnings distribution across businesses
1 Earnings distribution across businesses INR Cr Quarter Ended Year Ended Profit after Tax Mar 26 Mar 25 Mar 26 Mar 25 Alternative Asset Management 77 46 265 230 Mutual Fund 20 0 85 53 Asset Reconstruction 98 109 350 385 NBFC 1 12 14 55 Housing Finance 5 9 23 19 General Insurance (16) (3) (57) (48)
Slide 9: Key business highlights (1/2)
1 Key business highlights (1/2) Alternative FPAUM INR 44,710 Cr Fund raise INR 10,855 Cr in the year Asset Mgt up 32% YoY up 64% YoY Equity AUM INR 78,000 Cr SIP Book INR 623 Cr Mutual Fund up 25% YoY up 58% YoY Asset Recoveries in the year Capital employed in retail Reconstruction INR 8,590 Cr 29%
Slide 10: Key business highlights (2/2)
1 Key business highlights (2/2) MSME Disbursals INR 1,051 Cr in the year Wholesale book INR 1,750 Cr NBFC down 30% YoY tripled YoY Housing Disbursals INR 2,171 Cr in the year AUM INR 4,906 Cr Finance up 27% YoY up 16% YoY General GWP INR 1,294 Cr in the year Issued 8,72,901 policies in the year Insu
Slide 11: Total customer reach grew by 31% YoY
2 Total customer reach grew by 31% YoY In Lakhs Total Customer Reach Mutual Fund Folios General Insurance Customers 135 93 37 103 70 26 Mar 25 Mar 26 Mar 25 Mar 26 Mar 25 Mar 26 31% YoY 46% YoY 31% YoY 11
Slide 12: With a steady growth in customer assets
2 With a steady growth in customer assets INR Cr Customer Assets Alternative Asset Mgt AUM Mutual Fund AUM 2,40,136 1,58,200 72,706 2,16,147 1,41,800 59,630 Mar 25 Mar 26 Mar 25 Mar 26 Mar 25 Mar 26 11% YoY 22% YoY 12% YoY 12
Slide 13: Strong balance sheet with well capitalised businesses
3 Strong balance sheet with well capitalised businesses Business Metric Value NBFC Capital Adequacy 30% Housing Finance Capital Adequacy 29% Asset Reconstruction Capital Adequacy 80% General Insurance Solvency Ratio 157% Life Insurance Solvency Ratio 176% 13
Slide 14: Net debt across businesses
3 Net debt across businesses INR Cr Business Mar 26 Mar 25 NBFC 2,375 2,890 Housing Finance 1,805 1,750 Alternative Asset Management 340 364 Asset Reconstruction (500) (159) Corporate 6,410 6,325 Net Debt 10,430 11,170 14
Slide 15: Comfortable liquidity position over next 1 year
3 Comfortable liquidity position over next 1 year Apr 26 to Mar 27 INR Cr Opening Available Liquidity (A) 6,500 Inflows Expected Inflows 9,000 Fresh Borrowings 2,700 Total Inflows (B) 11,700 Outflows Repayments 7,200 Disbursements 5,000 Total Outflows (C) 12,200 Closing Available Liquidity (A+B-C) 6
Slide 16: Assets in each tenor range adequately cover liabilities
3 Assets in each tenor range adequately cover liabilities INR Cr Assets Liabilities Excess / (Gap) Up to 1 year 10,100 9,100 1,000 1-3 years 11,800 11,400 400 3 years+ 8,600 4,100 4,500 16
Slide 17: Strategic Updates
Strategic Updates 1. EAAA Placement and Listing 2. Citius InvIT IPO 3. Strategic Investment by Carlyle in Nido 4. EARC MD and CEO Appointment 5. Key Priorities: Progress over the last 2 Years 17
Slide 18: Update on EAAA placement
1 Update on EAAA placement Completed the sale of 4.4% of EAAA’s common equity in March 2026 This was driven by strong investor demand and interest. While the initial intent was to place around 4%, demand significantly exceeded this and we chose to restrict the placement to 4.4% The allocation has be
Slide 19: Next steps on EAAA listing
1 Next steps on EAAA listing Filing of DRHP Review by SEBI Listing EAAA filed DRHP for IPO on SEBI approval for DRHP RHP filing and IPO January 19, 2026 received on April 23, 2026 Completed Completed To be Planned 19
Slide 20: Listing of Citius, a transport-focused InvIT managed by EAAA
2 Listing of Citius, a transport-focused InvIT managed by EAAA Citius successfully completed its IPO in April 2026, with the issue consisting entirely of a fresh offer of INR 1,105 Cr The IPO was oversubscribed ~20x (excluding anchor book), the highest subscription achieved by a public InvIT in Indi
Slide 21: Update on strategic investment by Carlyle in Nido
3 Update on strategic investment by Carlyle in Nido Global investment firm Carlyle will invest INR 2,100 Cr in Nido Home Finance (Nido), including both primary and secondary investment Carlyle will acquire a 45% stake in Nido through a secondary purchase and will also infuse primary equity capital o
Slide 22: Process and next steps
3 Process and next steps Investment and Share Transfer Shareholders’ Shareholders’ CCI Approval RBI Approval and Issuance Agreements Approval Execution to Carlyle Feb 2026 Mar 2026 Apr 2026 Completed Received Received Awaited Post RBI approval 22
Slide 23: EARC MD & CEO appointment: RBI approval received
4 EARC MD & CEO appointment: RBI approval received We have received the approval from RBI for the appointment of Mr. Arun Mehta as MD & CEO of EARC Mr. Mehta, ex-MD of SBI Capital Markets, is a veteran banker with four decades of experience He has led syndication and investment portfolios in Hong Ko
Slide 24: Update on key priorities: Progress over the last 2 years
5 Update on key priorities: Progress over the last 2 years A Growth and value creation in operating businesses B Insurance businesses on track to breakeven by FY27 C Focused reduction in corporate net debt 24
Slide 25: Robust value creation in operating businesses
5.a Robust value creation in operating businesses INR Cr Business Metrics FY24 FY26 CAGR FPAUM 30,400 44,710 21% Alternative Asset Management AUM 54,680 72,706 15% Equity AUM 43,700 78,000 34% Mutual Fund SIP Book 234 623 63% Asset Cum. 51,746 66,210 - Reconstruction Recoveries Housing Finance Disbu
Slide 26: Scale up in profits of Asset Management businesses
5.a Scale up in profits of Asset Management businesses INR Cr PAT for year ended March Alternative Asset Mgt Mutual Fund 265 85 175 38 Mar 24 Mar 26 Mar 24 Mar 26 23% CAGR 50% CAGR 26
Slide 27: Insurance businesses on track to breakeven: Losses
5.b Insurance businesses on track to breakeven: Losses 23% INR Cr PAT for year ended March General Insurance Life Insurance Mar 24 Mar 26 (57) (123) (159) (157) (216) 23% (279) PAT for year ended Mar 26 includes Exceptional Items of INR (63) Cr in Life Insurance and INR (8) Cr in General Insurance.
Slide 28: Corporate net debt declined by 20% over 2 years
5.c Corporate net debt declined by 20% over 2 years INR Cr 8,048 20% 6,410 Mar 24 Mar 26 28
Slide 29: Key Focus Areas for the Next Year
Key Focus Areas for the Next Year 29
Slide 30: Key focus areas for the next year
Key focus areas for the next year 1 List EAAA at an opportune time aligned with market conditions 2 Close strategic investment by Carlyle in Nido post regulatory approvals and ensure a smooth transition 3 Continue to scale Asset Management businesses anchored by strong FPAUM and Equity AUM growth 4
Slide 31: Business Performance
Business Performance Quarter and Year ended Mar 26 31
Slide 32: Alternative Asset Mgt: Business performance snapshot
Alternative Asset Mgt: Business performance snapshot Key Metrics for the quarter Business Update FPAUM (INR Cr) 44,710 Fund raise of INR 10,855 Cr in the year, up 64% YoY FPAUM grew by 32% YoY to INR 44,710 Cr AUM (INR Cr) 72,706 Raised INR 1,125 Cr in Anzen (energy focused InvIT) in the year Funds
Slide 33: Alternative Asset Mgt: Financial performance snapshot
Alternative Asset Mgt: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 AUM 72,706 59,630 72,706 59,630 FPAUM 44,710 33,833 44,710 33,833 Equity 1,076 966 1,076 966 Total Income 266 182 964 787 Opex 169 127 625 502 Profit after Tax 7
Slide 34: Alternative assets overview
Alternative assets overview AUM – Strategy wise AUM – Geography wise FPAUM – Strategy wise 2% 2% 37% 42% 41% INR 72,706 Cr INR 72,706 Cr INR 44,710 Cr 58% 57% 61% Private Credit Real Assets Others India Rest of the world Private Credit Real Assets Others 34
Slide 35: Mutual Fund: Business performance snapshot
Mutual Fund: Business performance snapshot Key Metrics for the quarter Business Update Equity AUM (INR Cr) 78,000 Equity AUM at INR 78,000 Cr, up 25% YoY AUM grew by 12% YoY to INR 1,58,200 Cr AUM (INR Cr) 1,58,200 Net equity inflows of INR 5,200 Cr in the quarter and INR 16,050 Cr in the year, up 2
Slide 36: Mutual Fund: Financial performance snapshot
Mutual Fund: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 AUM 1,58,200 1,41,800 1,58,200 1,41,800 Equity AUM 78,000 62,500 78,000 62,500 Equity 239 206 239 206 Revenue 81 58 314 248 Opex 55 58 207 183 Profit after Tax 20 0 85 53
Slide 37: Robust growth in AUM and customer base
Robust growth in AUM and customer base Equity AUM (INR Cr) Debt AUM (INR Cr) 82,700 78,000 79,200 80,200 62,500 43,700 Mar 24 Mar 25 Mar 26 Mar 24 Mar 25 Mar 26 SIP Book (INR Cr) Active Folios (# in Lakhs) 623 37 26 395 16 234 Mar 24 Mar 25 Mar 26 Mar 24 Mar 25 Mar 26 Growing SIP book adds to the pr
Slide 38: Asset Reconstruction: Business performance snapshot
Asset Reconstruction: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 2,985 Recovered INR 8,590 Cr in the year, up 50% YoY Acquired INR 1,363 Cr retail assets in the year Fee Paying AUM (INR Cr) 7,838 Share of retail assets in capital employed increased to 2
Slide 39: Asset Reconstruction: Financial performance snapshot
Asset Reconstruction: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 Fee Paying AUM 7,838 12,163 7,838 12,163 Capital Employed 2,399 3,354 2,399 3,354 Wholesale assets 1,693 2,733 1,693 2,733 Retail assets 706 620 706 620 Equity 2,
Slide 40: NBFC: Business performance snapshot
NBFC: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 2,029 Disbursals of INR 1,051 Cr in MSME loans in the year, tripled YoY 3,269 Gross loan book at INR 1,769 Cr, up 40% YoY AUM (INR Cr) Asset quality stable – GNPA at 2.20% Capital Adequacy 30% NNPA at
Slide 41: NBFC: Financial performance snapshot
NBFC: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 AUM 3,269 3,541 3,269 3,541 Gross Loan Book 1,769 1,263 1,769 1,263 Gross Revenue 128 220 672 743 Net Revenue 9 73 163 108 Opex 5 41 130 218 Credit Cost 3 18 15 (177) Profit afte
Slide 42: ECLF wholesale book on a steady downward trajectory
ECLF wholesale book on a steady downward trajectory INR Cr 76% 7,200 4,150 2,500 1,750 Mar 23 Mar 24 Mar 25 Mar 26 Reduced by INR 5,450 Cr in last 3 years 42
Slide 43: Housing Finance: Business performance snapshot
Housing Finance: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 853 Disbursals of INR 2,171 Cr in the year, up 27% YoY AUM at INR 4,906 Cr, up 16% YoY AUM (INR Cr) 4,906 Asset quality continues to be stable – GNPA at 2.31% Capital Adequacy 29% NNPA at 1
Slide 44: Housing Finance: Financial performance snapshot
Housing Finance: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 AUM 4,906 4,235 4,906 4,235 Gross Loan Book 3,505 3,244 3,505 3,244 Gross Revenue 138 141 593 521 Net Revenue 53 61 245 200 Opex 49 45 202 170 Credit Cost 3 4 18 11 Pr
Slide 45: General Insurance: Business performance snapshot
General Insurance: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 350 Gross written premium (GWP) increased by 42% YoY in the quarter and 28% YoY in the year Motor segment gross direct premium income (GDPI) GWP (INR Cr) 366 grew 27% YoY in the year vs. indu
Slide 46: General Insurance: Financial performance snapshot
General Insurance: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 Gross Written Premium 366 258 1,294 1,012 Net Premium Income 177 147 661 582 Investment Income & 73 61 271 241 Other Income Total Income 250 208 932 823 Policy benef
Slide 47: Life Insurance: Business performance snapshot
Life Insurance: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 456 Gross premium of INR 2,221 Cr in the year, up 6% YoY Issued 67,809 policies in the year, up 36% YoY Individual APE (INR Cr) 238 Total AUM at INR 10,425 Cr, up 11% YoY Policies Issued 24,874
Slide 48: Life Insurance: Financial performance snapshot
Life Insurance: Financial performance snapshot INR Cr Quarter ended Quarter ended Year ended Year ended Mar 26 Mar 25 Mar 26 Mar 25 Gross Premium 919 884 2,221 2,086 Net Premium Income 909 873 2,181 2,047 Investment Income & (239) 56 370 767 Other Income Total Income 670 929 2,550 2,814 Policy benef
Slide 49: Governance & Corporate Responsibility
Governance & Corporate Responsibility 49
Slide 50: 7 Member Board with 4 Independent Directors
7 Member Board with 4 Independent Directors Mr. Ashok Kini Independent Director Former Managing Director (National Banking Group) State Bank of India Served as an advisor to the Thorat Committee on Financial Inclusion at RBI 35 years of banking experience Dr. Ashima Goyal Independent Director Profes
Slide 51: Significant institutional ownership
Significant institutional ownership Shareholding Pattern as on Mar 31, 2026 Key Shareholders Holding TIAA CREF Funds 3.6% LIC 2.6% Vanguard Group 2.4% 32.3% Promoter Group DIIs, Non Flowering Tree Investment Institutions 1.7% Management & Others 47.9% Pabrai Investment Funds 1.5% 0.6% Blackrock 1.4%
Slide 52: Our contribution to building a more sustainable tomorrow
Our contribution to building a more sustainable tomorrow Under the leadership of EdelGive Foundation we have, since inception … Assisted over 65% of Ensured long term INR 1,643 Cr association with NGO Partnered with over 301 EdelGive’s NGO partners to mobilized through partners with an average high
Slide 53: Our investment in communities
Our investment in communities EdelGive Foundation’s commitment to investing in communities As on Mar 26 Impact metrics since inception up to quarter ended Dec 25 Sustainable Women Quality Education 89 Districts Livelihoods Empowerment across 22 States t 2.2 Cr children impacted t 2.61 lakh Individua
Slide 54: Trusted partner: EdelGive funding partners & networks
Trusted partner: EdelGive funding partners & networks Jagdish Chander Mehta Family Rashesh And Vidya Shah Family Foundation Foundations, Corporates and HNIs partner with Edelgive Platform for their philanthropic allocation 54
Slide 55: Safe Harbour
Safe Harbour DISCLAIMER : This presentation and the discussion may contain certain words or phrases that are forward looking statements, which are tentative, based on current expectations of the management of Edelweiss Financial Services Ltd. or any of its subsidiaries and associate companies (“Edel
Slide 56: Safe Harbour
Safe Harbour Net worth figures include MI. PAT figures are presented pre MI unless stated otherwise. PAT of businesses for the quarter and year ended Mar 26 include exceptional items. Exceptional items include labour code impact and ESOP expenses across businesses and GST impact in Life Insurance bu
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