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iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532922 EDELWEISS NOTLISTED Edelweiss Financial Services Limited Equity 2023-04-01 2024-03-31 2024-02-12 2024-02-02 INR Crores Third quarter 2024-02-12 11:00:00 2024-02-12 14:15:00 false Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 7155800000.00 60100000.00 0.00 2779900000.00 8823700000.00 0.00 0.00 0.00 5159100000.00 23978600000.00 166900000.00 24145500000.00 0.00 0.00 0.00 3613700000.00 7270600000.00 322800000.00 0.00 0.00 0.00 -424800000.00 12471600000.00 23253900000.00 891600000.00 0.00 891600000.00 671500000.00 -1302700000.00 -631200000.00 1522800000.00 0.00 0.00 0.00 0.00 1522800000.00 -138400000.00 1384400000.00 1250900000.00 271900000.00 1156800000.00 227600000.00 898900000.00 1 1.39 1.39 0.00 0.00 1.39 1.39 0.00 0.00 0.00 1.The consolidated financial results of Edelweiss Financial Services Limited ('EFSL' or 'the Company') and its subsidiaries and trusts (together referred as 'Group') for the quarter and nine months ended 31 December 2023 (the “Consolidated Financial Results”) have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 12 February 2024 and these Consolidated Financial Results have been subjected to limited review by the Statutory Auditors of the Company and the auditors have issued an unmodified review report. The consolidated financial results will be available on the Company’s website - www.edelweissfin.com 2.During the quarter ended 31 December 2023, the Company has issued 4,09,500 equity shares of face value of Rs. 1 each to the eligible employees on exercise of employee stock options. 3.Pursuant to the Income Tax Authorities (the ITA) search during March 2023, the Company and certain subsidiaries are filling necessary responses to the notices received from the ITA. Based on management assessment, the Company is of the view that this will not have any material impact on the Consolidated Financial Results of the Group. 4.Nuvama Clearing Services Limited (NCSL), a former associate, received a show cause notice and order from NSE Clearing Ltd (NCL) in the matter of Anugrah Stock and Broking Pvt. Ltd (Anugrah or Trading member). Securities Appellate Tribunal (SAT) has upheld NCL order on 15 December 2023. NCSL has appealed against the SAT order at the Supreme Court of India, asserting compliance with all relevant laws and regulations. The appeal is in the process of admission with the Supreme Court of India. The Company has obtained legal opinion on the matter and the Company believes that the NCSL will receive a favourable order in this regard. Accordingly, there is no adjustment required in the consolidated financial results of the Group. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 21074800000.00 249800000.00 0.00 9354600000.00 20812100000.00 0.00 0.00 0.00 13831300000.00 65322600000.00 426900000.00 65749500000.00 0.00 0.00 0.00 8623800000.00 20687100000.00 929400000.00 0.00 0.00 0.00 -795600000.00 34109800000.00 63554500000.00 2195000000.00 0.00 2195000000.00 1631600000.00 -2686200000.00 -1054600000.00 3249600000.00 0.00 0.00 0.00 0.00 3249600000.00 166600000.00 3416200000.00 2515800000.00 733800000.00 2647000000.00 769200000.00 898900000.00 1 2.80 2.80 0.00 0.00 2.80 2.80 0.04 0.00 0.01 Other operating income 50800000.00 Premium from insurance business 5108300000.00 Other operating income 128300000.00 Premium from insurance business 13703000000.00 Change in insurance policy liability - actuarial 4190000000.00 Change in valuation of credit impaired loans 2139900000.00 Other expenses 3945300000.00 Policy benefits paid 2196400000.00 Change in insurance policy liability - actuarial 10834000000.00 Change in valuation of credit impaired loans 5269100000.00 Other expenses 11417000000.00 Policy benefits paid 6589700000.00 0.00 0.00 0.00 0.00 Agency business 1966800000.00 Asset reconstruction business 5340000000.00 Capital business 4793100000.00 Insurance business 8640200000.00 Treasury business 3323800000.00 Unallocated 81600000.00 Agency business 5820200000.00 Asset reconstruction business 16306100000.00 Capital business 13510600000.00 Insurance business 23299900000.00 Treasury business 6543200000.00 Unallocated 269500000.00 24145500000.00 65749500000.00 0.00 0.00 24145500000.00 65749500000.00 Agency business 458200000.00 Asset reconstruction business 648500000.00 Capital business -83300000.00 Insurance business -734700000.00 Treasury business 662500000.00 Unallocated -59600000.00 Agency business 1053200000.00 Asset reconstruction business 3329000000.00 Capital business -648900000.00 Insurance business -2317100000.00 Treasury business 1142600000.00 Unallocated -363800000.00 891600000.00 2195000000.00 0.00 0.00 0.00 0.00 891600000.00 2195000000.00 Agency business 15483400000.00 Asset reconstruction business 73120100000.00 Capital business 169610600000.00 Insurance business 97120800000.00 Treasury business 52104200000.00 Unallocated 24821800000.00 432260900000.00 0.00 432260900000.00 Agency business 6592100000.00 Asset reconstruction business 43013900000.00 Capital business 185721600000.00 Insurance business 89397800000.00 Treasury business 48087000000.00 Unallocated 2463500000.00 375275900000.00 0.00 375275900000.00 The Company has prepared its consolidated segment reporting which represent its business lines such as, Agency business, Capital business, Asset reconstruction business, Insurance and Treasury business. Agency business includes advisory and other fee based businesses; Capital business represents lending business and investment activities; Asset reconstruction business represents purchase and resolution of distress assets; Insurance business represents life insurance business and general insurance business. Treasury business represents income from trading activities. 6.The previous period/year figures have been regrouped/reclassified wherever necessary to conform to current period's presentation. Remeasurement gain / loss on defined benefit plans (OCI) -2500000.00 Remeasurement gain / loss on defined benefit plans (OCI) -4400000.00 -2500000.00 -4400000.00 0.00 0.00 Fair value gain/loss - debt -130700000.00 FCTR -6000000.00 Deferred tax 800000.00 Fair value gain/loss - debt 137000000.00 FCTR 32800000.00 Deferred tax 1200000.00 -135900000.00 171000000.00 0.00 0.00 -138400000.00 166600000.00