Edelweiss Financial Services Limited — Important, 29-10-2024: Updates

Edelweiss Financial Services Limited reported robust growth in its second quarter, with a 45% increase in consolidated profit after tax (PAT) to $16 million. The customer base expanded 45% YoY to 9.1 million, while assets grew 12% YoY to $27 billion. Key highlights include a 73% YoY rise in mutual fund equity assets and a 66% reduction in losses for Zuno General Insurance. The company aims for its insurance businesses to breakeven by FY27.