Edelweiss Financial Services Limited · NSE:EDELWEISS
Edelweiss Financial Services — Q1 2026 Earnings Presentation
51 slides from Edelweiss Financial Services's earnings presentation, Aug 1, 2025
Slide 1: Edelweiss Financial Services Limited Earnings update – Quarter ended Jun 25
Edelweiss Financial Services Limited Earnings update – Quarter ended Jun 25
Slide 2: Contents
CONTENTS Overview 03 Performance highlights 06 Strategic updates 18 Business performance 26 Governance & corporate responsibility 44
Slide 3: Overview
Overview Quarter ended Jun 25 3
Slide 4: Edelweiss at a glance – quarter ended Jun 25
Edelweiss at a glance – quarter ended Jun 25 INR 5,774 Cr INR 10,920 Cr Net Worth Net Debt INR 48 INR 103 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) Asset Housing General Life Alternative Mutual Fund NBFC Asset Mgt Reconstruction Finance Insurance Insurance ECL Finance EAAA India Edelweiss Asset Edelweiss Asset Ltd (ECLF) Nido Home Zuno General Edelweis
Slide 6: Performance Highlights
Performance Highlights Quarter ended Jun 25 6
Slide 7: Performance highlights
Performance highlights 1 Robust profitability with healthy growth in key business metrics Consol PAT at INR 103 Cr, up by 20% YoY Alternative Asset Mgt ARR AUM at INR 46,775 Cr; AUM up by 12% YoY MF Equity AUM up 38% YoY to INR 72,600 Cr; AUM grew by 12% YoY GI losses down by 38% YoY; LI reports INR
Slide 8: Earnings distribution across businesses
1 Earnings distribution across businesses INR Cr Quarter Ended Profit after Tax Jun 25 Jun 24 Alternative Asset Management 56 66 Mutual Fund 28 26 Asset Reconstruction 90 85 NBFC 6 27 Housing Finance 4 1 General Insurance (6) (10) Life Insurance 2 (49) PAT of Underlying Businesses 179 145 Corporate
Slide 9: Robust growth in profits of underlying businesses
1 Robust growth in profits of underlying businesses INR Cr 179 145 108 Jun 23 Jun 24 Jun 25 Profits for the quarter ended June grew at 29% CAGR over the last 2 years 9
Slide 10: Healthy growth in key business metrics (1/3)
1 Healthy growth in key business metrices (1/3) Alternative Asset Mgt The ARR AUM at INR 46,775 Cr, grew 6% YoY Realisations increased 2.3x YoY to and AUM at INR 62,970 Cr, increased 12% YoY INR 4,360 Cr in the quarter Mutual Fund Robust growth in Equity AUM to INR 72,600 Cr, The SIP book grew to IN
Slide 11: Healthy growth in key business metrics (2/3)
1 Healthy growth in key business metrices (2/3) NBFC Disbursals of INR 119 Cr in MSME loans in Wholesale book reduced by 39% YoY to the quarter, 42% of these were via CLM INR 2,400 Cr Housing Finance Disbursals of INR 293 Cr in the quarter; New CLM partnership established with DCB Bank; 33% of these
Slide 12: Healthy growth in key business metrics (3/3)
1 Healthy growth in key business metrices (3/3) General Insurance Gross Written Premium grew by 11% YoY to Losses declined by 38% YoY INR 263 Cr in the quarter in the quarter Life Insurance Gross Premium of INR 286 Cr in the quarter; Profitability improved to INR 2 Cr YoY Total AUM at INR 9,649 Cr,
Slide 13: Net debt reduced by INR 4,845 Cr, 31% YoY
2 Net debt reduced by INR 4,845 Cr, 31% YoY Net Debt (INR Cr) INR Cr 15,765 Business Jun 25 Jun 24 31% NBFC 2,593 4,010 Housing Finance 1,733 1,505 Alternative Asset Mgt 394 420 10,920 Asset Reconstruction (150) 1,220 Corporate 6,350 8,610 Net Debt 10,920 15,765 Jun 24 Jun 25 13
Slide 14: Total customer reach grew by 31% YoY
3 Total customer reach grew by 31% YoY In Lakhs Mutual Fund Folios General Insurance Customers Total Customer Reach 110 76 27 84 57 17 Jun 24 Jun 25 Jun 24 Jun 25 Jun 24 Jun 25 31% YoY 59% YoY 33% YoY 14
Slide 15: Strong balance sheet with well capitalised businesses
4 Strong balance sheet with well capitalised businesses Business Metric Value NBFC Capital Adequacy 32.9% Housing Finance Capital Adequacy 34.3% Asset Reconstruction Capital Adequacy 90.7% General Insurance Solvency Ratio 182% Life Insurance Solvency Ratio 183% 15
Slide 16: Comfortable liquidity position over next 1 year
4 Comfortable liquidity position over next 1 year Jul 25 to Jun 26 INR Cr Opening Available Liquidity (A) 4,800 Inflows Expected Inflows 7,900 Fresh Borrowings 2,000 Total Inflows (B) 9,900 Outflows Repayments 6,000 Disbursements 4,700 Total Outflows (C) 10,700 Closing Available Liquidity (A+B-C) 4,
Slide 17: Assets in each tenor range adequately cover liabilities
4 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 10,300 10,100 200 3 years+ 9,000 4,400 4,600 17
Slide 18: Strategic Updates
Strategic Updates 1. Update on Key Priorities 2. EAAA IPO Update 18
Slide 19: Update on key priorities
1 Update on key priorities A Scale up in profits of underlying businesses B Insurance businesses on track to breakeven by FY27 C Focused reduction in corporate net debt 19
Slide 20: Scale up in profits of underlying businesses
1.a Scale up in profits of underlying businesses INR Cr PAT for quarter ended June 29% CAGR 179 145 108 Jun 23 Jun 24 Jun 25 20
Slide 21: Insurance businesses on track to breakeven: Losses down 93%
1.b Insurance businesses on track to breakeven: Losses 93% INR Cr PAT for quarter ended June General Insurance Jun 24 Life Insurance Jun 25 Jun 24 Jun 25 2 -6 -10 -4 -49 93% -60 21
Slide 22: Strategic focus on reducing corporate net debt
1.c Strategic focus on reducing corporate net debt INR Cr Consol Net Debt 10,920 Business Corporate 4,570 6,350 • Businesses well capitalized Focus on Corporate Net • Self-sufficient ALM Debt reduction 22
Slide 23: Levers for corporate debt reduction over next 3 years
1.c Levers for corporate debt reduction over next 3 years INR Cr Stake Sale in 2,000 Businesses Potential Dividends from 1,500 Levers Businesses Property and Other Investments 2,000 23
Slide 24: EAAA IPO Update
2 EAAA IPO Update The EAAA DRHP for IPO was filed on December 5, 2024. We received this back from SEBI in March with some observations regarding certain reclassification between revenue lines. This reclassification has no impact on EAAA’s total revenue or profitability as disclosed in the DRHP A
Slide 25: EAAA IPO Update – Next Steps
2 EAAA IPO Update – Next Steps We are targeting to launch the EAAA IPO around April 2026 The IPO marks the first step toward building EAAA as a standalone, institutionalized platform As a listed entity, EAAA will be better positioned to pursue inorganic growth and further strengthen its institut
Slide 26: Business Performance
Business Performance Quarter ended Jun 25 26
Slide 27: Alternative Asset Mgt: Business performance snapshot
Alternative Asset Mgt: Business performance snapshot Key Metrics for the quarter Business Update ARR AUM (INR Cr) 46,775 ARR AUM grew by 6% YoY to INR 46,775 Cr Private Credit strategy has realized ~INR 38,840 Cr AUM (INR Cr) 62,970 against a deployment of ~INR 38,360 Cr till date Enterprise Value o
Slide 28: Alternative Asset Mgt: Financial performance snapshot
Alternative Asset Mgt: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 AUM 62,970 56,350 ARR AUM 46,775 44,200 Equity 1,046 795 Total Earnings 183 159 Opex 105 74 Profit After Tax 56 66 28
Slide 29: Alternative assets overview
Alternative assets overview AUM – Strategy wise AUM – Geography wise ARR AUM – Strategy wise 1% 7% 2% 22% 17% 33% INR 62,970 Cr INR 62,970 Cr 47% INR 46,775 Cr 51% 66% 54% Private Credit Real Assets Others North America India Private Credit Real Assets Others Europe Rest of the world 29
Slide 30: Mutual Fund: Business performance snapshot
Mutual Fund: Business performance snapshot Key Metrics for the quarter Business Update Equity AUM (INR Cr) 72,600 Equity AUM at INR 72,600 Cr, up 38% YoY Net equity inflows of INR 2,500 Cr in the quarter, up 19% YoY AUM (INR Cr) 1,52,200 AUM grew by 12% YoY to INR 1,52,200 Cr Net New Money (INR Cr)
Slide 31: Mutual Fund: Financial performance snapshot
Mutual Fund: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 AUM 1,52,200 1,36,000 Equity AUM 72,600 52,500 Equity 230 267 Revenue 77 72 Opex 43 42 Profit After Tax 28 26 31
Slide 32: Robust growth in AUM and customer base
Robust growth in AUM and customer base Equity AUM (INR Cr) Debt AUM (INR Cr) 83,500 72,600 79,600 77,300 52,500 30,700 Jun 23 Jun 24 Jun 25 Jun 23 Jun 24 Jun 25 SIP Book (INR Cr) Active Folios (# in Lakhs) 426 27 260 17 12 159 Jun 23 Jun 24 Jun 25 Jun 23 Jun 24 Jun 25 Growing SIP book adds to the pr
Slide 33: Asset Reconstruction: Business performance snapshot
Asset Reconstruction: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 2,945 The ARC recovered INR 4,753 Cr in the quarter, up 3.5x YoY Fee Paying AUM (INR Cr) 10,405 INR 207 Cr of retail assets were acquired in the quarter Share of retail assets in capital e
Slide 34: Asset Reconstruction: Financial performance snapshot
Asset Reconstruction: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 Fee Paying AUM 10,405 17,052 Capital Employed 2,743 4,322 Wholesale assets 2,144 3,709 Retail assets 599 613 Equity 2,945 3,235 Revenue 394 221 Opex 30 25 Profit After Tax 90 85 Edelweiss’ share in
Slide 35: NBFC: Business performance snapshot
NBFC: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 2,124 Partnership with Central Bank of India, IDFC First Bank and Godrej Capital continues to deepen AUM (INR Cr) 3,434 Disbursals of INR 119 Cr in MSME loans in the quarter; 42% of these were under co-le
Slide 36: NBFC: Financial performance snapshot
NBFC: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 AUM 3,434 6,502 Gross Loan Book 1,172 2,050 Gross Revenue 174 175 Net Revenue 37 (20) Opex 32 95 Credit Cost (2) (150) Profit After Tax 6 27 GNPA 3.01% 2.06% NNPA 1.73% 0.95% 36
Slide 37: Wholesale book reduction continues as planned
Wholesale book reduction continues as planned ECLF wholesale assets INR Cr 75% 9,630 6,300 3,950 2,400 Jun 22 Jun 23 Jun 24 Jun 25 Reduced by ~INR 7,200 Cr in last 3 years 37
Slide 38: Housing Finance: Business performance snapshot
Housing Finance: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 832 Disbursals of INR 293 Cr in the quarter; 33% of these were via CLM AUM (INR Cr) 4,301 New CLM partnership established with DCB Bank Partnership with State Bank of India continues to deepen
Slide 39: Housing Finance: Financial performance snapshot
Housing Finance: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 AUM 4,301 4,045 Gross Loan Book 3,201 3,217 Gross Revenue 146 121 Net Revenue 60 42 Opex 52 39 Credit Cost 4 2 Profit After Tax 4 1 GNPA 2.50% 1.81% NNPA 2.06% 1.49% 39
Slide 40: General Insurance: Business performance snapshot
General Insurance: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 373 Gross written premium (GWP) increased by 11% YoY in the quarter GWP (INR Cr) 263 Gross direct premium income (GDPI) increased by 10% YoY in the quarter Motor segment GDPI grew 11% YoY in
Slide 41: General Insurance: Financial performance snapshot
General Insurance: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 Gross Written Premium 263 236 Net Premium Income 154 139 Investment Income & 66 65 Other Income Total Income 220 204 Policy benefits & 132 115 insurance policy liability Other expenses 95 100 Profit Af
Slide 42: Life Insurance: Business performance snapshot
Life Insurance: Business performance snapshot Key Metrics for the quarter Business Update Equity (INR Cr) 830 Gross premium of INR 286 Cr in the quarter Individual APE (INR Cr) 78 Issued 9,152 policies in the quarter, up 7% YoY AUM at INR 9,649 Cr, up 16% YoY Policies Issued 9,152 Embedded Value of
Slide 43: Life Insurance: Financial performance snapshot
Life Insurance: Financial performance snapshot INR Cr Quarter ended Quarter ended Jun 25 Jun 24 Gross Premium 286 275 Net Premium Income 276 265 Investment Income & 359 381 Other Income Total Income 635 646 Policy benefits & 457 524 insurance policy liability Other expenses 176 171 Profit After Tax
Slide 44: Governance & Corporate Responsibility
Governance & Corporate Responsibility 44
Slide 45: 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 46: Significant institutional ownership
Significant institutional ownership Shareholding Pattern as on Jun 30, 2025 Key Shareholders Percent Employee Trust TIAA CREF Funds 7.2% 0.7% LIC 2.6% DIIs, Non Vanguard Group 2.4% Institutions & Others 32.7% Flowering Tree Investment 40.3% Promoter Group 1.7% Management 1729 Capital & Advisors 1.5%
Slide 47: Our contribution to building a more sustainable tomorrow
Our contribution to building a more sustainable tomorrow Under the leadership of EdelGive Foundation, we have… Assisted over 60% of Ensured long term INR 1,504 Cr association with average Partnered with over 294 EdelGive’s NGO partners to mobilized through tenure of 3-years high caliber NGOs grow at
Slide 48: Our investment in communities
Our investment in communities EdelGive Foundation’s commitment to investing in communities 79 Districts across 15 States Sustainable Women Quality Education Livelihoods Empowerment INR 75.20 Cr Committed 2.2 Cr children impacted 2.60 lakh Individuals trained 2.73 lakh women supported (~INR 11.80 Cr
Slide 49: Trusted partner: EdelGive funding partners & networks
Trusted partner: EdelGive funding partners & networks Foundations, Corporates and HNIs partner with Edelgive Platform for their philanthropic allocation 49
Slide 50: 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 (“Ed
Slide 51: Safe Harbour
Safe Harbour Slide 4: Net worth includes MI Slide 4,7: Consolidated PAT is pre MI Slide 4,7,13,22: Debt includes accrued interest and excludes CBLO and securitisation liabilities. Net debt is gross debt minus high quality liquid assets; Net debt is rounded off to nearest 10 Slide 5,7,9,12,20,21: Bus
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