Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earning Call21-05-2024
21-05-2024
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of Equity Shares under Edelweiss Employees Stock Incentive Plan, 2011 and Edelweiss Employees Stock Appreciation Rights Plan, 201916-05-2024
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of copy of the Newspaper Publication.16-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Edelweiss Financial Services Ltd.
Financial Services company Edelweiss Financial Services announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: EFSL post MI Consolidated PAT of Rs 169 crore, 13% growth YoY EFSL post MI Ex-Insurance PAT of Rs 212 crore Revenue (consolidated) - Rs 3,027 crore FY24 Financial Highlights: EFSL post MI Consolidated PAT of Rs 421 crore, 22% growth YoY EFSL post MI Ex-Insurance PAT of Rs 661 crore, 8% growth YoY Revenue (consolidated) - Rs 9,602 crore Board of Directors have recommended a Final Dividend of Rs. 1.50 per equity share Alternative Asset Management business AUM grew by 18% YoY to Rs 54,700 crore; profitability up by 32% YoY to Rs 210 crore in the year Mutual Fund business AUM increased by 21% YoY to Rs 1,27,000 crore; profitability grew by 112% YoY to Rs 38 crore in the year Asset Reconstruction business grew its profitability by 12% YoY in the year to Rs 355 crore Gross Written Premium for General Insurance grew by 54% YoY in the year to Rs 851 crore Gross Premium for Life Insurance increased by 15% YoY in the year to Rs 1,926 crore Speaking on the occasion, Rashesh Shah, Chairman, Edelweiss Financial Services Limited said: “India continues to grow at a healthy pace, driven by a significant government-led investment in infrastructure and robust corporate profitability. While there could be some short-term uncertainties due to geopolitical tensions, resurgence in inflation, volatility in energy prices, and upcoming elections in many countries, the overall outlook for the Indian economy remains positive with expectations of a continued growth momentum. At Edelweiss, we continue to leverage on India’s longstanding potential, focusing on growing sustainably over a long period of time. The year saw our ex-insurance PAT grow to Rs 661 crore and our consolidated PAT by 22% YoY This year witnessed strong growth in the Alternative Asset Management, Mutual Fund and General Insurance businesses. Alternative Asset Management grew its AUM by 18% YoY to Rs 54,700 crore and its FPAUM by 39% YoY to Rs 32,200 crore. The business was conferred with the “Market Award India category” by the Asian Investor Asset Management Award. The Mutual Fund business recorded AUM growth of 21% YoY to Rs 1,27,000 crore and a strong Equity AUM growth of 61% YoY to Rs 43,700 crore. The General Insurance business recorded a 54% growth YoY in Gross Written Premium to Rs 851 crore and the Life Insurance business increased its Gross Premium by 15% YoY to Rs 1,926 crore, this year. Our balance sheet remains strong with all businesses being well capitalized. Customer assets increased by 13% YoY to over Rs 2.1 trillion, meanwhile customer reach grew by 35% YoY to 7.6 million customers. We are focused on our key priorities and will scale up profitability in Alternative Asset Management and Mutual Fund businesses, grow retail credit via the co-lending model, focus on break-even in the Insurance businesses by FY27 and further reduce net debt.” Result PDF15-05-2024
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Business Update on Zuno General Insurance ( in US Dollar )14-05-2024
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Business Update on Zuno General Insurance ( in INR )14-05-2024
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Earning Update (in US Dollar)14-05-2024
Edelweiss Financial Services Ltd. - 532922 - Announcement under Regulation 30 (LODR)-Investor Presentation
Earning updates (in INR )14-05-2024
Edelweiss Financial Services Ltd. - 532922 - Compliances-Reg. 54 - Asset Cover details
Security cover certificate14-05-2024
Edelweiss Financial Services Ltd. - 532922 - Related Party Transaction For The Half Year Ended March 31, 2024.
Related party Transaction for the half year ended March 31, 202414-05-2024