Edelweiss reports 28% YoY PAT growth in Q2 FY26; Board approves ₹1,000 Cr NCD public issue
Edelweiss reported a 28% YoY consolidated PAT growth in Q2 FY26. The board approved a ₹1,000 crore NCD public issue and plans for an EAAA IPO around April 2026, alongside debt reduction goals.
The announcement includes robust financial results, approval for a significant debt fundraising, and the strategic plan for an EAAA IPO, all of which are major developments likely to have a substantial impact on the company's future performance and market perception.
The company reported strong profit growth, healthy performance across multiple business segments, and is making progress on strategic priorities like debt reduction and insurance business breakeven. The announcement of a future IPO for EAAA further adds to the positive outlook.
Edelweiss Financial Services Limited's Board of Directors, at its meeting on November 11, 2025, approved the unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025. The Board also approved raising funds not exceeding ₹1,000 crore through a public issue of Non-convertible Debentures in one or more tranches.
* Consolidated Financial Highlights (pre MI): * Quarter ended September 30, 2025: Profit After Tax (PAT) stood at ₹175 crore, marking a 28% year-on-year (YoY) growth. Revenue was ₹1,900 crore. * Half year ended September 30, 2025: PAT was ₹278 crore, up 25% YoY. Revenue amounted to ₹4,181 crore.
* Key Business Metrics (Q2 FY26): * Alternative Asset Management AUM grew 14% YoY to ₹65,460 crore. * Mutual Fund Equity AUM saw a 30% YoY growth to ₹77,100 crore, with total AUM at ₹1,54,600 crore, up 10% YoY. * Asset Reconstruction business recovered ₹1,225 crore. * MSME loans disbursed were ₹168 crore, a 2.5x increase YoY. * Housing Finance disbursements were ₹564 crore, up 2x YoY, with AUM growing 15% YoY to ₹4,598 crore. * General Insurance Gross Written Premium (GWP) increased 7% YoY to ₹261 crore. * Life Insurance Gross Premium stood at ₹503 crore.
* Strategic Priorities & Balance Sheet: * The company is on track to scale profitability in underlying businesses and expects insurance businesses to break even by FY27. * Corporate net debt is on a reduction path, down 10% to ₹6,610 crore over two years, with a clear plan to reach near zero in the next three years. * Net Worth is ₹5,636 crore, Consolidated Net Debt reduced by ₹2,250 crore YoY (17% reduction), and Surplus Liquidity is ₹5,055 crore.
* Management Commentary: * Rashesh Shah, Chairman, stated, "This quarter, we reported a pre MI Consolidated PAT of ₹175 Cr, up 28% YoY. Our balance sheet remains strong, with well-capitalized businesses and surplus liquidity. We remain focused on our priorities – scaling profitability in underlying businesses; insurance businesses continue to be on the pathway to achieve breakeven by FY27. We are also progressing on our corporate net debt reduction plan... Meanwhile, we are on track to launch the EAAA IPO around April 2026, marking the first step towards building EAAA as a standalone institutionalized platform."
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