Edelweiss Financial Services Q2 FY27 results: Profit rises 18% to ₹207 cr
The company had earned a profit of ₹175 crore in the corresponding quarter of the preceding fiscal
Edelweiss Financial Services announced a significant surge in its second quarter profit, with the consolidated net profit rising by over 50% to ₹193 crore. The company's total income also increased by 37% to ₹2,602 crore, while revenue from operations grew by 18.4% to ₹2,199 crore. The strong performance across various businesses contributed to the growth, with Grasim Industries posting a ₹234 crore loss due to one-time impairment charges.
The strategic sale of Nido Home Finance to Carlyle in September played a major role in the quarter's performance, resulting in substantial pre-tax and post-tax gains. The alternative asset management segment saw a 28% year-on-year increase in fee-paying assets under management, and the mutual fund business reported a 40% rise in equity AUM. Additionally, Zuno General Insurance turned profitable, reporting a profit after tax of ₹5 crore.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Edelweiss Financial Services Q2 net profit rises 50% to ₹193 crore thehindubusinessline.com
- Caterpillar Financial Services issues $1 billion in new notes due 2028 investing.com
