Edelweiss Financial Services Limited — Others, 14-05-2025: Change in Management

Edelweiss Financial Services has announced a board meeting to approve the financial results for the quarter and half-year, reporting a consolidated pre-MI PBT up 83% YoY to ₹802 Cr and ex-insurance PAT of ₹545 Cr for the year. Revenue reached ₹9,519 Cr. The Board approved a dividend of ₹1.50 per share. Key growth drivers include 6% YoY AUM increase to ₹45,310 Cr with 31% profit growth, 43% jump in mutual fund equity AUM to ₹62,500 Cr with 40% higher profitability, and 8% rise in asset reconstruction profits. Insurance premiums and loss reduction improved, net debt fell 27% YoY to ₹4,255 Cr, and net worth rose to ₹5,918 Cr. The customer base grew 36% YoY to 10 million. Leadership changes include Mr. Venkatchalam Ramaswamy’s shift to Vice Chairman & Non-Executive Director, and a new secretarial auditor was appointed. Debt securities maintain a 1.28x security cover ratio on consolidated assets with full covenant compliance.