Edelweiss Financial Services Ltd. - 532922 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per the provisions of Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, please find attached the Certificate for the quarter ended June 30, 2022, issued by M/s. Link Intime India Private Limited, the Registrar and Share Transfer Agent of the Company. Edelweiss Financial Services Ltd. - 532922 - Clarification On Media Reports
There are some media reports today morning regarding potential sale of Mutual Fund business by Edelweiss. We would like to emphatically deny the contents as the same is baseless and without any reality check. We confirm that we are deeply committed to the growth of this business and there is no such proposal being considered by Edelweiss. We are enclosing herewith a media clarification titled 'Clarification from Edelweiss on News Report related to Mutual Fund Business'. Edelweiss Financial Services Ltd. - 532922 - Closure of Trading Window
In accordance with the Code of Conduct for the Prevention of Insider Trading in Securities of the Company, the Trading Window shall remain closed for trading in securities of the Company by its Designated Persons and their Immediate Relative(s) from July 1, 2022 till 48 hours after declaration of financial results for the first quarter ending June 30, 2022. Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
This is to inform you that the Share Allotment Committee at its meeting held on June 28, 2022, allotted 3,250 Equity Shares of the face value of Re. 1 each under Edelweiss Employee Stock Incentive Plan (s) of the Company. Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed please find herewith the press release titled 'ICRA upgrades Outlook to Stable, while re-affirming long-term rating of Edelweiss Financial Services' issued by the Company. Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform you that ICRA Limited vide their letter dated June 24, 2022, has re-affirmed the rating of '[ICRA]A+' to the Non-Convertible Debentures Programme of Rs. 1,500 crores of the Company and has upgraded the outlook from negative to Stable. Edelweiss Financial Services Ltd. - 532922 - Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2022.
Disclosure of Related Party Transactions for the half year ended March 31, 2022. Edelweiss Financial Services Ltd. - 532922 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to the provisions of the Circular (CIR/CFD/CMD1 /27/ 2019) dated February 8, 2019, issued by the Securities and Exchange Board of India, please find enclosed the Secretarial Compliance Report for the financial year ended March 31, 2022, issued by M/s BNP & Associates, Practicing Company Secretaries. Q4FY22 Quarterly Result Announced for Edelweiss Financial Services Ltd.
Edelweiss Financial Services announced Q4FY22 results: FY22: EFSL Ex-Insurance PAT of Rs 405 crore; ~30% growth YoY EFSL Consolidated PAT of Rs 189 crore; 60% growth YoY Revenue (consolidated) - Rs 7,305 crore Board of Directors have approved a Final Dividend of Rs. 1.20 per share. Total Dividend for the year stands at Rs. 1.45 per share. Q4FY22: EFSL Ex-Insurance PAT of Rs 104 crore EFSL Consolidated PAT of Rs 42 crore Revenue (consolidated) - Rs 1,915 crore Speaking on the occasion, Mr. Rashesh Shah, Chairman, Edelweiss Financial Services Limited said: “Last year was challenging in parts yet promising overall. Despite the macroeconomic headwinds, it is encouraging to see normalization in business environment and pick-up in economic growth. At Edelweiss, our continued focus has been on building resilience and strength to shield against short-term disruptions while creating long-term value through gradually scaling our businesses. Our businesses saw a steady performance in FY22 with our ex-Insurance PAT at INR 405 Cr. Asset Management cluster doubled its AUM over two years. Mutual Fund AUM increased ~55% YoY with a 2.2x increase in its customer base. Alternatives continued to see robust deployment with an onset of operating leverage leading to improving margins and PAT growth of 2.4x YoY. Our Life Insurance and the General Insurance franchisees are amongst the fastest growing players in the industry. Recoveries in the Asset Reconstruction business continue to be healthy with share of retail portfolio in capital employed scaling up by 4x YoY. In our Credit cluster, we continue our pivot to an asset light, co-lending based, with partnerships driven model. We have seen substantial improvement in asset quality with GNPA improving from 6.7% in Mar 21 to 2.5% in Mar 22 on the back of strong wholesale recoveries and high collection efficiencies. Focused workouts have helped accelerate reduction in our wholesale credit book, which has also been a key priority for the year. We received inflows of ~INR 1,600 Cr in Q4 and expect this momentum to be maintained in FY23. We also saw continued expansion in our customer franchise. Customer assets scaled up by 27 % YoY and now stand at over Rs 3.5 trillion while customer reach is at ~5 million, almost doubled over two years. We continue to deleverage with net D/E ratio at 2.0 and continue to maintain comfortable liquidity. Over the next year, we will continue to focus on our key priorities which include listing of EWM business and value unlock for shareholders, scaling up of our businesses in order to create and unlock value, reduction of wholesale book and strengthening asset-light retail credit model and further fortification of our balance sheet.” Result PDF