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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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> <BR> 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. <BR> 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. <BR> <BR> 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.2025-04-012025-12-31UnauditedConsolidated2052780000033330000001018890000036446900000000176588000008515570000038491000008900480000000011234200000193019000001089000000000336150000044467600000794542000009550600000-9868000008563800000125880000018200000003078800000548500000000005485000000-53674000001176000004590300000894700000-20430000032190000094650000015.845.78005.845.780.034600.0149Premium from insurance business6710100000Other operating income40000000Share in profit of associates and jointly controlled entities46200000Premium from insurance business17491600000Other operating income121000000Share in profit of associates and jointly controlled entities46200000Change in valuation of credit impaired loans10895300000Change in insurance policy liability - actuarial4180800000Policy benefits paid3468500000Other expenses5110800000Change in valuation of credit impaired loans13126400000Change in insurance policy liability - actuarial8704700000Policy benefits paid9439800000Other expenses13196700000Alternatives business2408400000Capital business31931300000Insurance business10140200000Asset reconstruction business1521600000Mutual Fund business704300000Other business490500000Alternatives business6980000000Capital business44976600000Insurance business25624100000Asset reconstruction business7157500000Mutual Fund business2191100000Other business207550000047196300000890048000004719630000089004800000Alternatives business788300000Capital business7370900000Insurance business-1370500000Asset reconstruction business1008200000Mutual Fund business197600000Other business-71900000Alternatives business2414000000Capital business4032600000Insurance business-2086800000Asset reconstruction business3395600000Mutual Fund business750400000Other business580000007922600000856380000079226000008563800000Alternatives business20787200000Capital business238576400000Insurance business142496100000Asset reconstruction business36846600000Mutual Fund business0Other business64904000004451967000000445196700000Alternatives business10891900000Capital business232942400000Insurance business129997400000Asset reconstruction business7260300000Mutual Fund business0Other business54443000003865363000000386536300000The previous period/year figures have been regrouped/reclassified wherever necessary to conform to current period's/year presentation.Other comprehensive loss-1496600000-1496600000Other comprehensive loss-5367400000-536740000000-1496600000-5367400000UnauditedtrueM/S Nangia Co & LLPtrue2027-04-30