Edelweiss Financial Services Limited (EFSL) reported its consolidated financial results for the third quarter ended December 31, 2024. The company’s performance showcased a mix of steady growth in interest income and robust asset management growth, though profitability remained under slight pressure.
Key Financial Highlights for Q3 FY25:
- Interest Income: ₹733 crore, reflecting a 2.5% increase from ₹716 crore in Q3 FY24.
- PAT (Profit After Tax): ₹124.37 crore, a marginal 0.6% decline compared to ₹125.09 crore in the corresponding quarter last year.
The company attributed its performance to stable income generation across its business verticals, particularly in asset management and housing finance, despite some challenges in profitability.
Segment Performance:
- Mutual Fund AUM: The company saw robust growth with its mutual fund business equity AUM increasing by 56% YoY to ₹62,200 crore, demonstrating strong investor confidence.
- NBFC Retail Disbursements: Disbursements stood at ₹52 crore for the quarter, signaling a stable retail lending segment.
- Nido Home Finance Disbursements: Disbursements reached ₹412 crore, reflecting a 37% YoY growth, driven by demand in the housing sector.
Management Outlook:
Edelweiss management reiterated its commitment to enhancing operational efficiency, focusing on reducing debt, and leveraging its diverse business segments to drive future growth. Despite macroeconomic challenges, the company expects its asset management and retail finance divisions to contribute positively to long-term profitability.
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