Edelweiss Financial Services Limited — Quarter ended 31 March 2026 (audited) and year ended 31 March 2026 (audited)
Optional commentary: Consolidated financial results tables are presented in ₹ Crores.
| Particulars | 31 March 2026 (Audited) | 31 December 2025 (Reviewed) | 31 March 2025 (Audited) | 31 March 2026 (Audited) | 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| 1 Revenue from operations | |||||
| (a) Interest income | 713.75 | 694.57 | 675.61 | 2,766.53 | 2,690.03 |
| (b) Dividend income | 35.39 | 8.91 | 8.64 | 68.72 | 89.40 |
| (c) Fee and commission income | 317.80 | 299.71 | 301.87 | 1,336.69 | 1,161.91 |
| (d) Net gain/(loss) on fair value changes (Refer note 5 & 7) | (235.05) | 2,726.23 | 269.89 | 3,409.64 | 2,688.69 |
| (e) Premium from insurance business | 1,086.21 | 671.01 | 1,024.11 | 2,835.37 | 2,620.28 |
| Total revenue from operations | 1,918.10 | 4,400.43 | 2,280.12 | 10,416.95 | 9,250.31 |
| 2 Other income (Refer note 4) | 51.18 | 314.58 | 63.14 | 448.19 | 268.40 |
| 3 Total income (1+2) | 1,969.28 | 4,715.01 | 2,343.26 | 10,865.14 | 9,518.71 |
| 4 Expenses | |||||
| (a) Finance costs | 561.41 | 589.36 | 550.32 | 2,491.60 | 2,537.04 |
| (b) Impairment on financial instruments (Refer note 7) | (1.96) | 324.27 | (206.44) | 334.19 | (174.92) |
| (c) Change in valuation of credit impaired loans (Refer note 6) | 53.61 | 1,089.53 | 207.73 | 1,366.25 | 681.91 |
| (d) Employee benefits expense (Refer note 10) | 247.00 | 512.13 | 292.06 | 1,370.42 | 1,318.19 |
| (e) Depreciation and amortisation expense | 34.71 | 37.39 | 43.21 | 143.61 | 147.14 |
| (f) Change in insurance policy liability – actuarial | 25.91 | 418.08 | 338.71 | 896.38 | 1,283.73 |
| (g) Policy benefits paid | 497.18 | 346.85 | 413.20 | 1,441.16 | 1,278.57 |
| (h) Other expenses | 598.51 | 511.08 | 508.15 | 1,918.18 | 1,645.43 |
| Total expenses | 2,016.37 | 3,828.69 | 2,146.94 | 9,961.79 | 8,717.09 |
| 5 Profit/(loss) before share in profit of associates, jointly controlled entities, exceptional item and tax (3-4) | (47.09) | 886.32 | 196.32 | 903.35 | 801.62 |
| 6 Share in profit of associates and jointly controlled entities | 18.07 | 4.62 | – | 22.69 | – |
| 7 Profit/(loss) before exceptional item and tax (5+6) | (29.02) | 890.94 | 196.32 | 926.04 | 801.62 |
| 8 Exceptional items (Refer note 8 & 9) | – | (98.68) | – | (98.68) | – |
| 9 Profit/(loss) before tax (7+8) | (29.02) | 792.26 | 196.32 | 827.36 | 801.62 |
| 10 Tax expense (Refer note 11) | |||||
| – Current tax | 15.47 | (43.15) | 1.40 | 141.35 | 341.18 |
| – Deferred tax | (176.45) | 565.05 | 36.60 | 5.55 | (75.38) |
| 11 Net profit for the period (9-10) | 131.96 | 270.36 | 158.32 | 680.46 | 535.82 |
| 12 Other comprehensive income/(loss) | (288.12) | (149.66) | (788.91) | (824.86) | (773.14) |
| 13 Total comprehensive income/(loss) (11+12) | (156.16) | 120.70 | (630.59) | (144.40) | (237.32) |
| 14 Net profit for the period attributable to: | |||||
| Owners of the Company | 87.60 | 263.85 | 105.34 | 546.63 | 398.83 |
| Non controlling interests | 44.36 | 6.51 | 52.98 | 133.83 | 136.99 |
| Total | 131.96 | 270.36 | 158.32 | 680.46 | 535.82 |
| 15 Other comprehensive income/(loss) for the period attributable to: | |||||
| Owners of the Company | (252.70) | (141.86) | (801.92) | (732.16) | (815.95) |
| Non controlling interests | (35.42) | (7.80) | 13.01 | (92.70) | 42.81 |
| Total | (288.12) | (149.66) | (788.91) | (824.86) | (773.14) |
| 16 Total comprehensive income/(loss) for the period attributable to: | |||||
| Owners of the Company | (165.10) | 121.99 | (696.58) | (185.53) | (417.12) |
| Non controlling interests | 8.94 | (1.29) | 65.99 | 41.13 | 179.80 |
| Total | (156.16) | 120.70 | (630.59) | (144.40) | (237.32) |
| Particulars | Quarter ended 31 March 2026 (Audited) | Quarter ended 31 December 2025 (Reviewed) | Quarter ended 31 March 2025 (Audited) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| 1 Segment revenue [Total income] | |||||
| Alternatives business | 265.76 | 240.84 | 185.76 | 963.76 | 786.54 |
| Capital business | 476.94 | 3,188.51 | 667.99 | 4,969.98 | 3,747.59 |
| Insurance business | 919.89 | 1,014.02 | 1,137.30 | 3,482.30 | 3,637.50 |
| Asset reconstruction business | 214.28 | 152.16 | 224.03 | 930.03 | 882.50 |
| Mutual Fund business (Refer note 5 above) | – | 70.43 | 57.77 | 219.11 | 247.66 |
| Other business | 92.41 | 49.05 | 70.41 | 299.96 | 216.92 |
| Total income | 1,969.28 | 4,715.01 | 2,343.26 | 10,865.14 | 9,518.71 |
| 2 Segment results [Profit / (loss) before tax] | |||||
| Alternatives business | 97.23 | 78.83 | 58.59 | 338.63 | 284.25 |
| Capital business | (263.93) | 737.09 | (49.05) | 139.33 | 71.04 |
| Insurance business | (7.63) | (137.05) | 20.15 | (216.31) | (175.28) |
| Asset reconstruction business | 130.31 | 100.82 | 155.41 | 469.87 | 528.05 |
| Mutual Fund business (Refer note 5 above) | – | 19.76 | (0.38) | 75.04 | 64.32 |
| Other business | 15.00 | (7.19) | 11.60 | 20.80 | 29.24 |
| Total profit / (loss) before tax | (29.02) | 792.26 | 196.32 | 827.36 | 801.62 |
| 3 Segment assets | |||||
| Alternatives business | 2,172.24 | 2,078.72 | 2,083.62 | 2,172.24 | 2,083.62 |
| Capital business | 22,586.20 | 23,857.64 | 20,189.80 | 22,586.20 | 20,189.80 |
| Insurance business | 14,365.27 | 14,249.61 | 12,846.38 | 14,365.27 | 12,846.38 |
| Asset reconstruction business | 3,525.26 | 3,684.66 | 4,973.92 | 3,525.26 | 4,973.92 |
| Mutual Fund business (Refer note 5 above) | – | – | 293.41 | – | 293.41 |
| Other business | 1,092.48 | 649.04 | 1,235.37 | 1,092.48 | 1,235.37 |
| Total assets | 43,741.45 | 44,519.67 | 41,622.50 | 43,741.45 | 41,622.50 |
| 4 Segment liabilities | |||||
| Alternatives business | 1,096.74 | 1,089.19 | 1,117.39 | 1,096.74 | 1,117.39 |
| Capital business | 21,936.52 | 23,294.24 | 20,338.49 | 21,936.52 | 20,338.49 |
| Insurance business | 13,248.11 | 12,999.74 | 11,588.31 | 13,248.11 | 11,588.31 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Financial assets | ||
| (a) Cash and cash equivalents | 2,720.45 | 4,722.82 |
| (b) Other bank balances | 759.41 | 517.86 |
| (c) Derivative financial instruments | 706.43 | 78.71 |
| (d) Trade receivables | 478.33 | 393.65 |
| (e) Loans | 10,985.76 | 12,221.30 |
| (f) Investments | 19,881.35 | 17,574.13 |
| (g) Other financial assets | 2,580.12 | 1,031.82 |
| Total – Financial assets | 38,111.85 | 36,540.29 |
| Non-financial assets | ||
| (a) Reinsurance assets | 404.54 | 391.18 |
| (b) Current tax assets (net) | 870.00 | 679.96 |
| (c) Deferred tax assets (net) | 2,100.98 | 1,779.54 |
| (d) Investment property | 70.76 | 126.62 |
| (e) Property, plant and equipment | 877.39 | 875.77 |
| (f) Capital work-in-progress | 1.44 | 0.44 |
| (g) Intangible assets under development | 19.80 | 18.05 |
| (h) Other intangible assets | 143.36 | 188.45 |
| (i) Right to use (ROU) assets | 50.26 | 80.06 |
| (j) Other non-financial assets | 1,091.07 | 942.14 |
| Total – Non-financial assets | 5,629.60 | 5,082.21 |
| TOTAL ASSETS | 43,741.45 | 41,622.50 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Financial liabilities | ||
| (a) Derivative financial instruments | 406.80 | 142.73 |
| (b) Trade payables | ||
| (i) total outstanding dues of micro enterprises and small enterprises | 8.53 | 4.07 |
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 1,376.06 | 1,255.59 |
| (c) Insurance claims payable | 88.50 | 52.06 |
| (d) Debt securities | 14,671.86 | 12,360.44 |
| (e) Borrowings (other than debt securities) | 3,142.00 | 4,389.34 |
| (f) Subordinated liabilities | 690.41 | 1,124.73 |
| (g) Lease liabilities | 90.73 | 129.83 |
| (h) Other financial liabilities | 5,125.90 | 5,336.41 |
| Total – Financial liabilities | 25,600.79 | 24,795.20 |
| Non-financial liabilities | ||
| (a) Current tax liabilities (net) | 6.35 | 91.56 |
| (b) Provisions | 104.41 | 66.23 |
| (c) Provision for policyholders’ liabilities | 10,561.78 | 9,651.81 |
| (d) Deferred tax liabilities (net) | 704.94 | 340.08 |
| (e) Other non-financial liabilities | 819.55 | 759.45 |
| Total – Non-financial liabilities | 12,197.03 | 10,909.13 |
| Equity | ||
| (a) Equity share capital | 94.65 | 92.14 |
| (b) Other equity | 4,528.47 | 4,332.59 |
| Equity attributable to owners of the parent | 4,623.12 | 4,424.73 |
| Non-controlling interest | 1,320.51 | 1,493.44 |
| Total Equity | 5,943.63 | 5,918.17 |
| TOTAL LIABILITIES AND EQUITY | 43,741.45 | 41,622.50 |
| Particulars | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|
| A Cash flow from operating activities | ||
| Profit before tax | 827.36 | 801.62 |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 143.61 | 147.14 |
| Expense on employee stock option plans & stock appreciation rights | 71.15 | 6.10 |
| Impairment of goodwill | – | 23.66 |
| Impairment on financial instruments | 334.19 | (174.92) |
| Change in valuation of credit impaired loans | 1,366.25 | 681.91 |
| Interest on income tax refund | (10.55) | (28.80) |
| Dividend income | (68.72) | (89.40) |
| (Profit)/loss on sale of property, plant and equipment | (2.87) | 2.70 |
| Fair value (gain)/loss on financial instruments | (3,751.10) | (2,748.07) |
| Provision for policyholders liability | 896.38 | 1,283.73 |
| Finance costs | 2,496.56 | 2,540.82 |
| Operating cash flow before working capital changes | 2,302.26 | 2,446.49 |
| Adjustments for: | ||
| Decrease / (increase) in trade receivables | (100.26) | (28.06) |
| Decrease / (increase) in other financial/non financial assets | (533.71) | (207.65) |
| Decrease / (increase |