EDELWEISS2023-10-012023-12-31 EDELWEISS2023-10-012023-12-31 EDELWEISS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member EDELWEISS2023-12-31 EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member EDELWEISS2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member EDELWEISS2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member EDELWEISS2023-12-31 EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member EDELWEISS2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member EDELWEISS2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member EDELWEISS2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member 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 Standalone 1064800000.00 0.00 0.00 22500000.00 -2519600000.00 0.00 0.00 0.00 -1432300000.00 25600000.00 -1406700000.00 0.00 0.00 0.00 121700000.00 790900000.00 800000.00 0.00 0.00 0.00 7300000.00 243400000.00 1164100000.00 -2570800000.00 0.00 -2570800000.00 95900000.00 -716600000.00 -620700000.00 -1950100000.00 0.00 0.00 0.00 0.00 -1950100000.00 0.00 -1950100000.00 0.00 0.00 898900000.00 1 -2.17 -2.17 0.00 0.00 -2.17 -2.17 0.00 0.00 0.00 1.The standalone financial results of Edelweiss Financial Services Limited ('EFSL' or 'the Company') for the quarter and nine months ended 31 December 2023 (the “Standalone 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 Standalone 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 standalone 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 is 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 standalone financial results of the Company. 4.During the quarter and nine months ended 31 December 2023, three subsidiaries of the Company had sold certain financial assets amounting to Rs. 695.35 crores and Rs. 1,877.53 crores (net of provisions) respectively to various asset reconstructions company trusts (‘ARC Trusts’) The Company had undertaken substantially all risks and rewards in respect of such financial assets. The Company has recorded fair value loss on financial assets (i.e. sold during the nine months ended 31 December 2023 and in earlier years) of Rs. 271 crores and Rs. 577 crores (net) respectively for the quarter and nine months ended and is included in “Net gain / (loss) on fair value changes. 5.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 standalone financial results of the Company. 6.During the previous quarter ended 30 September 2023, other income includes gain amounting to Rs. 259.24 crores on sale of investments in subsidiaries. Multi segment 2023-04-01 2023-12-31 Unaudited Standalone 3180200000.00 0.00 0.00 355900000.00 -3913100000.00 0.00 0.00 0.00 -377000000.00 2649500000.00 2272500000.00 0.00 0.00 0.00 191500000.00 2494900000.00 2500000.00 0.00 0.00 0.00 8000000.00 1239100000.00 3936000000.00 -1663500000.00 0.00 -1663500000.00 100200000.00 -1400400000.00 -1300200000.00 -363300000.00 0.00 0.00 0.00 0.00 -363300000.00 0.00 -363300000.00 0.00 0.00 898900000.00 1 -0.40 -0.40 0.00 0.00 -0.40 -0.40 0.01 0.00 0.00 Other expenses 243400000.00 Other expenses 1239100000.00 0.00 0.00 0.00 0.00 Agency 5000000.00 Holding Company activities -1432300000.00 Unallocated 20600000.00 Agency 23200000.00 Holding Company activities 2228700000.00 Unallocated 20600000.00 -1406700000.00 2272500000.00 0.00 0.00 -1406700000.00 2272500000.00 Agency 5000000.00 Holding Company activities -2596400000.00 Unallocated 20600000.00 Agency -409000000.00 Holding Company activities -1275100000.00 Unallocated 20600000.00 -2570800000.00 -1663500000.00 0.00 0.00 0.00 0.00 -2570800000.00 -1663500000.00 Agency 5600000.00 Holding Company activities 80533300000.00 Unallocated 4397100000.00 84936000000.00 0.00 84936000000.00 Agency 0.00 Holding Company activities 37592900000.00 Unallocated 37100000.00 37630000000.00 0.00 37630000000.00 Agency includes investment banking; Holding Company activities comprise of development, managerial and financial support to the businesses of subsidiaries and investment activities. 8.The previous period/year figures have been regrouped/reclassified wherever necessary to conform to current period's/year presentation. 0.00 0.00 0.00 0.00 0.00 0.00