Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached the Earnings Update in US Dollar for the quarter ended December 31, 2022.31-01-2023
31-01-2023
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached the Earnings Update in Indian Rupees for the quarter ended December 31, 2022.31-01-2023
Q3FY23 Quarterly Result Announced for Edelweiss Financial Services Ltd.
Other financial services firm Edelweiss Financial Services Q3FY23 result: Q3FY23: EFSL post-MI consolidated PAT of Rs 101 crore, 44% growth YoY EFSL post-MI ex-insurance PAT of Rs 166 crore, 31% growth YoY Revenue (consolidated): Rs 2,142 crore Healthy profitability across businesses and strong growth in Q3FY23: Asset management AUM growth at Rs 13,000 crore and profitability at Rs 68 crore, 209% growth YoY Alternatives AUM at Rs 45,000 crore, 49% growth YoY Asset reconstruction profitability at Rs 85 crore, 26% growth YoY Credit business profitability at Rs 40 crore, 8% growth YoY Gross written premium for General Insurance business increases by 27% YoY Balance Sheet Q3FY23: Net worth at Rs 8,369 crore Debt reduced by ~Rs 6,000 crore over last 2 years to Rs 24,690 crore Conservative provisioning of credit assets Comfortable liquidity of Rs 6,465 crore at ~26% of debt Strong capitalization across businesses, with capital adequacy of over 34% across credit entities Speaking on the occasion, Rashesh Shah, Chairman, Edelweiss Financial Services Limited, said: “India continues to remain resilient despite the global headwinds and it is indeed a matter of great honour and pride for our country to enter the league of the top five global economies. At Edelweiss, our ex-Insurance PAT grew 31% YoY to Rs 166 crore for the quarter. Our customer franchise continues to expand with customer reach growing to 6 million and customer assets growing to Rs 4 trillion. Our Asset Management businesses have seen good growth in both AUM and profitability. We tripled our Mutual Fund AUM over the last three years to Rs 100,000 crore, clocking the second-highest growth in the industry during this calendar year. Retail folios have quadrupled in the past three years, while the SIP book has nearly tripled, aiding the predictability of income and annuity nature of the business. Our market-dominant alternatives platform saw a stellar 209% YoY growth in PAT, aided by a robust 50% YoY growth in AUM and 34% YoY growth in fee-paying AUM. We launched our first InvIT with an AUM of Rs 2,300 crore and signed definitive agreements to acquire road and transmission assets of L&T;, further bolstering our position as a market leader in the space. Our General Insurance business clocked a GDPI growth of 55% YoY and continues to leverage technology to enhance product offerings, while our Life Insurance also continues to be amongst the fastest-growing business, outpacing industry benchmarks. We continue our focus on the asset-light model in retail credit with our co-lending relationships growing from strength to strength. We remain well-placed to build scale by leveraging opportunities through our wide spectrum of well-capitalized businesses which have long runways for growth." Result PDF31-01-2023
Edelweiss Financial Services Ltd. - 532922 - Approval Of The Unaudited Financial Results Of The Company (Both Consolidated And Standalone) For The Third Quarter And Nine Months Ended December 31, 2022
Approval of the unaudited Financial Results of the Company (both Consolidated and Standalone) for the third quarter and nine months ended December 31, 202231-01-2023
Edelweiss Financial Services Ltd. - 532922 - Board Meeting Outcome for Approval Of The Unaudited Financial Results Of The Company (Both Consolidated And Standalone) For The Third Quarter And Nine Months Ended December 31, 2022
Approval of the unaudited Financial Results of the Company (both Consolidated and Standalone) for the third quarter and nine months ended December 31, 202231-01-2023
Edelweiss Financial Services Ltd. - 532922 - Board Meeting Intimation for Board Meeting Intimation For Consideration Of Unaudited Financial Results Of The Company For The Third Quarter And Nine Months Period Ended December 31, 2022
Edelweiss Financial Services Ltd.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/01/2023 ,inter alia, to consider and approve the unaudited financial results of the Company for the third quarter and nine months period ended December 31, 202225-01-2023
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper advertisement of the Meeting of the Equity Shareholders of Edelweiss Financial Services Limited pursuant to Order dated January 12, 2023 ("Order") passed by the Hon''ble National Company Law Tribunal, Mumbai Bench, Mumbai24-01-2023
Edelweiss Financial Services Ltd. - 532922 - Notice Convening The Meeting Of The Equity Shareholders Of Edelweiss Financial Services Limited Pursuant To Order Dated January 12, 2023 ("Order") Passed By The Hon''ble National Company Law Tribunal, Mumbai Bench, Mumbai
Notice convening the Meeting of the Equity Shareholders of Edelweiss Financial Services Limited pursuant to Order dated January 12, 2023 ("Order") passed by the Hon''ble National Company Law Tribunal, Mumbai Bench, Mumbai23-01-2023
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed is the press release titled 'Edelweiss NCDs oversubscribed 1.18 times, closes a week early, raising subscription of ? 4,700.08 million' issued by the Company.17-01-2023
Edelweiss Financial Services Ltd. - 532922 - Announcement Under Regulation 30 - General Update
Intimation regarding Early Closure of Public Issue.13-01-2023