| Scrip code | 532922 |
|---|---|
| NSE Symbol | EDELWEISS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE532F01054 |
| Name of company | Edelweiss Financial Services Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 10-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 03-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 10-02-2026 11:00:00 |
| End date and time of board meeting | 10-02-2026 12:45:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 69,457.00 | 2,05,278.00 |
| (ii) | Dividend Income | 891.00 | 3,333.00 |
| (iii) | Rental Income | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 29,971.00 | 1,01,889.00 |
| (v) | Net gain on fair value changes | 2,72,623.00 | 3,64,469.00 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| 1 | Premium from insurance business | 67,101.00 | 1,74,916.00 |
| 2 | Other operating income | 400.00 | 1,210.00 |
| 3 | Share in profit of associates and jointly controlled entities | 462.00 | 462.00 |
| Total other revenue from operations | 67,963.00 | 1,76,588.00 | |
| Total Revenue From Operations | 4,40,905.00 | 8,51,557.00 | |
| Other income | 31,058.00 | 38,491.00 | |
| Total income | 4,71,963.00 | 8,90,048.00 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 51,213.00 | 1,12,342.00 | |
| Finance costs | 58,936.00 | 1,93,019.00 | |
| Depreciation, depletion and amortisation expense | 3,739.00 | 10,890.00 | |
| Fees and commission expense | 0.00 | 0.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | 32,427.00 | 33,615.00 | |
| (f) | Other expenses | ||
| 1 | Change in valuation of credit impaired loans | 1,08,953.00 | 1,31,264.00 |
| 2 | Change in insurance policy liability - actuarial | 41,808.00 | 87,047.00 |
| 3 | Policy benefits paid | 34,685.00 | 94,398.00 |
| 4 | Other expenses | 51,108.00 | 1,31,967.00 |
| Total other expenses | 2,36,554.00 | 4,44,676.00 | |
| Total expenses | 3,82,869.00 | 7,94,542.00 | |
| 3 | Total profit before exceptional items and tax | 89,094.00 | 95,506.00 |
| 4 | Exceptional items | (9,868.00) | (9,868.00) |
| 5 | Total profit before tax | 79,226.00 | 85,638.00 |
| 7 | Tax expense | ||
| 8 | Current tax | (4,315.00) | 12,588.00 |
| 9 | Deferred tax | 56,505.00 | 18,200.00 |
| 10 | Total tax expenses | 52,190.00 | 30,788.00 |
| 11 | Net Profit Loss for the period from continuing operations | 27,036.00 | 54,850.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 15 | Total profit (loss) for period | 27,036.00 | 54,850.00 |
| 16 | Other comprehensive income net of taxes | (14,966.00) | (53,674.00) |
| 17 | Total Comprehensive Income for the period | 12,070.00 | 1,176.00 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 26,385.00 | 45,903.00 | |
| Total profit or loss, attributable to non-controlling interests | 651.00 | 8,947.00 | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 12,199.00 | (2,043.00) | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (129.00) | 3,219.00 | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 9,465.00 | 9,465.00 | |
| Face value of equity share capital | 1 | 1 | |
| 21 | Reserves excluding revaluation reserve | ||
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 2.86 | 5.84 | |
| Diluted earnings per share from continuing operations | 2.83 | 5.78 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 2.86 | 5.84 | |
| Diluted earnings per share | 2.83 | 5.78 | |
| 23 | Debt equity ratio | 0.0 | 3.4600 |
| 24 | Debt service coverage ratio | 0.0 | 0.0 |
| 25 | Interest service coverage ratio | 0.0 | 1.4900 |
| 26 | Disclosure of notes on financial results | Textual Information(1) | |
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Textual Information(1) | 1. Edelweiss Financial Services Limited consolidated financial results for the quarter and nine months ended 31 December 2025 were reviewed by the Audit Committee and approved by the Board on 10 February 2026. The Statutory Auditors have reviewed these results and issued an unmodified review report. 2. During the quarter ended 31 December 2025, the Company has issued 3,83,021 equity shares of face value of Rs 1 each to the eligible employees on exercise of employee stock options. 3. During the quarter, the Group has consummated the sale of 10% stake in Edelweiss Asset Management Company Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL) that are engaged in the asset management business and 5% stake to be sold subsequently as per the terms of the share purchase agreement. Accordingly, the Group has recognized a realized gain of Rs 281 crores (pre-tax) and Rs 241 crores (post-tax) in the consolidated financial results of the Group. 4. During the quarter, the Company entered into a Shareholders’ Agreement (SHA) with a strategic investor for the sale of 15% stake in two of its wholly owned subsidiaries, Edelweiss Asset Management Company Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL) (together referred to as “Entities”) engaged in the asset management business. Pursuant to the terms of the SHA, the Group now has joint control for both of these Entities with the new investor, and consequently, in accordance with Ind AS 110 and Ind AS 28, these entities are now classified as jointly controlled entities under Ind AS accounting principles. Accordingly, during the quarter and nine months ended 31 December 2025, the Company has recognized an unrealized gain of Rs 2,440 crores (pre-tax) and Rs 2,091 crores (post-tax) in the consolidated financial results of the Group as per Ind AS accounting principles. 5. During the quarter, to further strengthen the resilience of the balance sheet of the Group, the Group has recognised a discretionary management overlay provision of Rs 920 crores on its discontinued Security Receipts (Purchased or Originated Credit-Impaired (POCI) loans) in the consolidated financial results as at 31 December 2025. This provision has been created after considering the global economic outlook, prevailing macro-economic conditions, and the ongoing uncertainty arising from geopolitical environment. A statistical model based on stress tested scenarios for the POCI loan portfolio, in accordance with Ind AS 109 and supported by an independent expert report, was applied in determining such management overlay provision. The management overlay provision will be reviewed and reassessed periodically based on the portfolio’s performance in the future periods. 6. During the quarter, the Group subsidiaries Ecap Equities Limited, Edelweiss Investment Advisor Limited and Edelweiss Rural and Corporate Services Limited has recorded conservative provisions and fair value losses on certain specific assets amounting to Rs 480 crore. These provisions were recognised based on revised cash flow estimates, reassessment of underlying asset quality. The evaluation also reflected updated risk assessments and prudential considerations arising from evolving market conditions. 7. The Government of India, vide notification dated November 21, 2025, has notified the new Labour Code, basis which the Group has reassessed its employee benefit obligations based on the revised definition of wages and expanded eligibility criteria. Accordingly, based on actuarial valuation and management estimates, the Company has recognized an incremental expense of Rs 49 crore on account of past service cost in accordance with Ind AS 19 – Employee Benefits and disclosed as an exceptional item. The Group continues to monitor developments relating to the implementation of the New Labour Codes and will review its estimates and assumptions as further clarifications and Rules are notified. 8. With respect to a subsidiary, Edelweiss Life Insurance Company Limited (ELIC), the recent GST exemption on individual life insurance policies under Notification No. 16/2025 Central Tax (Rate), effective 22 September 2025, led to a reassessment of accumulated Input Tax Credit. Accordingly, ELIC has created a prudential provision of Rs 50 crores, disclosed as an exceptional item. This provision does not affect the validity or the right to utilise the accumulated credits, and management remains confident of utilising them over time, supported by a renewed focus on taxable business segments such as group insurance. 9. During the quarter ended 31 December 2025, employee benefit expenses includes provision of Rs 160 crores towards annual performance bonuses across some subsidiary entities, driven by higher profitability in respective businesses and subsidiaries. 10. During the quarter, deferred tax liabilities of Rs 389 crores arising from the stake sale of Edelweiss Asset Management Company Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL) were recognised and charged to the Profit and Loss account in accordance with Ind AS requirements. Additionally, certain other subsidiary companies within the Group recognised tax charge of Rs 232 crores on their deferred tax assets, based on their assessment that these assets may no longer be recoverable under current Income Tax positions. |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| Whether results are audited or unaudited | Unaudited | Unaudited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| 1 | Alternatives business | 24,084.00 | 69,800.00 |
| 2 | Capital business | 3,19,313.00 | 4,49,766.00 |
| 3 | Insurance business | 1,01,402.00 | 2,56,241.00 |
| 4 | Asset reconstruction business | 15,216.00 | 71,575.00 |
| 5 | Mutual Fund business | 7,043.00 | 21,911.00 |
| 6 | Other business | 4,905.00 | 20,755.00 |
| Total Segment Revenue | 4,71,963.00 | 8,90,048.00 | |
| Less: Inter segment revenue | |||
| Revenue from operations | 4,71,963.00 | 8,90,048.00 | |
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| 1 | Alternatives business | 7,883.00 | 24,140.00 |
| 2 | Capital business | 73,709.00 | 40,326.00 |
| 3 | Insurance business | (13,705.00) | (20,868.00) |
| 4 | Asset reconstruction business | 10,082.00 | 33,956.00 |
| 5 | Mutual Fund business | 1,976.00 | 7,504.00 |
| 6 | Other business | (719.00) | 580.00 |
| Total Profit before tax | 79,226.00 | 85,638.00 | |
| i. Finance cost | |||
| ii. Other Unallocable Expenditure net off Unallocable income | |||
| Profit before tax | 79,226.00 | 85,638.00 | |
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| 1 | Alternatives business | 2,07,872.00 | 2,07,872.00 |
| 2 | Capital business | 23,85,764.00 | 23,85,764.00 |
| 3 | Insurance business | 14,24,961.00 | 14,24,961.00 |
| 4 | Asset reconstruction business | 3,68,466.00 | 3,68,466.00 |
| 5 | Mutual Fund business | 0.00 | 0.00 |
| 6 | Other business | 64,904.00 | 64,904.00 |
| Total Segment Asset | 44,51,967.00 | 44,51,967.00 | |
| Un-allocable Assets | 0.00 | 0.00 | |
| Net Segment Asset | 44,51,967.00 | 44,51,967.00 | |
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| 1 | Alternatives business | 1,08,919.00 | 1,08,919.00 |
| 2 | Capital business | 23,29,424.00 | 23,29,424.00 |
| 3 | Insurance business | 12,99,974.00 | 12,99,974.00 |
| 4 | Asset reconstruction business | 72,603.00 | 72,603.00 |
| 5 | Mutual Fund business | 0.00 | 0.00 |
| 6 | Other business | 54,443.00 | 54,443.00 |
| Total Segment Liabilities | 38,65,363.00 | 38,65,363.00 | |
| Un-allocable Liabilities | 0.00 | 0.00 | |
| Net Segment Liabilities | 38,65,363.00 | 38,65,363.00 | |
| Disclosure of notes on segments | Textual Information(1) | ||
| Textual Information(1) | The previous period/year figures have been regrouped/reclassified wherever necessary to conform to current period's/year presentation. |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Other comprehensive loss | -1496600000 | -5367400000 |
| Total Amount of items that will be reclassified to profit and loss | -1496600000 | -5367400000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (14,966.00) | (53,674.00) |
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/S Nangia Co & LLP | Yes | 30-04-2027 | ||
|---|---|---|---|---|---|