{
  "id": 19818998,
  "title": "Edelweiss Financial Services Q2 net profit rises 50% to ₹193 crore",
  "url": "https://urgent.news/2026/11/13/edelweiss-financial-services-q2-net-profit-rises-50-to-193-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T13:53:52.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/money-and-banking/edelweiss-financial-services-q2-net-profit-rises-50-to-193-crore/article71697680.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Total income increases 37% to ₹2,602 crore; Nido Home Finance sale contributes ₹386-crore post-tax gain",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Edelweiss Financial Services Q2 FY27 results: Profit rises 18% to ₹207 cr",
        "url": "https://urgent.news/2026/11/13/edelweiss-financial-services-q2-fy27-results-profit-rises-18-to-207-cr",
        "published": "2026-11-13T12:46:40.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Caterpillar Financial Services issues $1 billion in new notes due 2028",
        "url": "https://urgent.news/2026/11/13/caterpillar-financial-services-issues-1-billion-in-new-notes-due-2028",
        "published": "2026-11-13T20:22:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}