Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached an update in US Dollars on Nuvama Wealth Management (formerly known as Edelweiss Wealth Management) Business.09-11-2022
09-11-2022
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached an update in Indian Rupees on Nuvama Wealth Management (formerly known as Edelweiss Wealth Management) Business.09-11-2022
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached the Earnings Update in US Dollar for the period ended September 30, 2022.09-11-2022
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached the Earnings Update in Indian Rupees for the period ended September 30, 2022.09-11-2022
Q2FY23 Quarterly Result Announced for Edelweiss Financial Services Ltd.
Edelweiss Financial Services announced Q2FY23 results: Q2FY23: EFSL post MI Consolidated PAT of Rs. 67 crore, 18% growth YoY EFSL post MI Ex-Insurance PAT of Rs. 133 crore, 18% growth YoY Revenue (consolidated) - Rs. 2,100 crore credit business profitability at Rs. 41 crore for the quarter, 28% growth YoY Asset Management profitability at Rs. 40 crore for the quarter, 70% growth YoY Asset Reconstruction profitability improves to Rs. 75 crore for the quarter, 7% growth YoY Alternatives AUM crosses Rs. 40,000 crore Balance Sheet: Net Worth at Rs. 8,419 crore Debt reduced by ~Rs. 7,100 crore over last 2 years to Rs. 24,830 crore Net D/E improved to 2.1x from 3.3x on Sep 20 Conservative Provisioning of credit Assets Comfortable Liquidity of Rs. 5,350 crore at ~22% of Debt Strong capitalization across businesses, with capital adequacy of over 34% across credit entities Speaking on the occasion, Mr. Rashesh Shah, Chairman, Edelweiss Financial Services Limited said: “India continues to have good tailwinds including increasing credit growth, real GDP acceleration and the economy has continued to maintain the growth momentum despite slew of global macroeconomic headwinds. At Edelweiss, we see healthy profitability across all our businesses with ex Insurance PAT growing 18% YoY to INR 133 Cr for the quarter. Our Asset Management businesses has seen good growth in profitability, driven by our market dominant Alternatives platform which saw 1.6x YoY growth in PAT, aided by growing annuity fee revenue due to higher fee paying AUM and the onset of operating leverage. The business has clocked a 32% YoY growth in AUM and 40% YoY growth in fee paying AUM. Our Mutual fund business is the fastest growing amongst the top 15 AMCs in the industry, with AUM up 30% YoY to INR 92,000 Cr. Our General Insurance business has seen the second highest premium growth in the industry in the quarter, with GDPI growth of 70% YoY, while our Life Insurance also continues to be amongst the fastest growing business, outpacing industry benchmarks. Our Credit businesses have seen sustained profitability at INR 41 Cr. We expect to see this trend continue as we build out our asset light model in retail credit. Our co-lending relationships with State Bank of India, IDFC First, Central Bank of India and Standard Chartered Bank are growing from strength to strength, and we are seeing steady disbursements. An expanding customer franchise with a customer reach of 5.9 million has aided a 20% YoY growth of our customer assets to INR 3.9 trillion. All our businesses are well-capitalised with capital adequacy of over 34% across credit entities. A key focus on deleveraging has led to a reduction in debt by ~INR 7,100 crores over the last two years. We continue to make progress on our key priorities for the year which include value unlocking and listing of EWM business, scaling-up of our Asset Management and Insurance businesses and further reduction of the wholesale book. Our focus remains on value creation and we continue to support our businesses in their value creation journey.” Result PDF09-11-2022
Edelweiss Financial Services Ltd. - 532922 - Approval Of Unaudited Financial Results (Consolidated And Standalone) For The Second Quarter And Half Year Ended September 30, 2022
In accordance with the provisions of Regulations 30, 33, 52 and all other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we would like to inform you that the Board of Directors of the Company (the Board) at its Meeting held today, has inter alia approved the:- 1. unaudited Financial Results of the Company (both Consolidated and Standalone) for the second quarter and half year ended September 30, 2022 (the Results). The copies of the Results together with the Limited Review Report issued by the Auditors of the Company are enclosed. The Auditors have issued an unmodified opinion on the Results; and 2. raising of funds by way of public issue of Non-convertible Debentures for an amount not exceeding Rs. 1,000 crores, in one or more tranches. Refer attachment.09-11-2022
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that an earnings call on the Financial Results of the Company for the second quarter and half year ended September 30, 2022 is scheduled on November 10, 2022. Please refer the Annexure for the details.03-11-2022
Edelweiss Financial Services Ltd. - 532922 - Board Meeting Intimation for Consideration Of Financial Results And Issue Of Non-Convertible Debentures.
Edelweiss Financial Services Ltd.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2022 ,inter alia, to consider and approve inter alia: (i) the unaudited financial results of the Company for the second quarter and half year ended September 30, 2022; and (ii) a proposal for issue of Non-convertible Debentures.31-10-2022
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation on Credit Ratings22-10-2022
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed is the Press Release titled 'Public Issue of Secured, Redeemable, Non-convertible Debentures by Edelweiss Financial Services Limited amounting to ? 4,000 million oversubscribed' issued by the Company.19-10-2022