Edelweiss Financial Services reduced consolidated net debt by ₹4,170 crore year-on-year to ₹11,170 crore, a 27% cut. Management says deleveraging remains a top priority to create headroom for growth.
Profit from the underlying businesses rose 24% YoY to ₹566 crore. Consolidated PAT (pre-minority) came in at ₹536 crore, reflecting steady operating momentum.
Within the mix, Alternative Asset Management PAT increased from ₹175 crore to ₹230 crore. The Mutual Fund business also improved, with PAT rising from ₹38 crore to ₹53 crore.
Losses in General Insurance and Life Insurance narrowed during the year. The company expects both franchises to keep trending toward breakeven with scale and better underwriting.
Edelweiss recorded a one-time strategic markdown of ~₹1,140 crore in its wholesale SR book in the March quarter. The step is intended to reset the base for SME-led growth without changing underlying cash flows, with the markdown expected to accrete back to equity over 3-4 years.
The firm’s customer base reached 10 million, up 36% YoY. Growth was broad-based, including more folios in mutual funds and rising users across protection and savings products.
Capital positions across the group’s regulated entities remained comfortable. The company highlights healthy buffers in the NBFC, HFC, ARC, and insurance arms to support expansion.
Management reiterated its focus on risk-light, fee-driven businesses such as asset management and advisory. At the same time, it is sharpening the retail and SME lending engines for diversified growth.
Operating discipline, cost control, and mix shift supported margin resilience. The group continues to invest in technology and distribution to improve scale and customer experience.
Overall, Edelweiss exits the year with a lighter balance sheet, improving profitability, and clearer earnings visibility. The combination of lower debt, stronger core PAT, and narrowing insurance losses positions the company for the next phase of growth.
