Key Takeaways
- • Edelweiss Financial Services reported consolidated Profit After Tax of $20 Mn for Q2 FY27 (quarter ended September 30, 2026), a 50% year-on-year increase, according to its earnings update filed with BSE.
- • The Alternative Asset Management segment contributed $9 Mn to PAT, up 27% YoY, with Fee Paying AUM growing 28% YoY to $5,122 Mn and annualized RoE of 29%.
- • The Mutual Fund segment posted PAT of $4 Mn, up 114% YoY, with net equity inflows of $1,125 Mn, the highest ever in a quarter.
- • General Insurance unit Zuno turned profitable in the quarter with PAT of $1 Mn, while Gross Written Premium rose 40% YoY.
- • Customer reach grew 24% YoY to 15 Mn and customer assets reached $30 Bn, while corporate net debt fell 18% YoY.
Summary
Edelweiss Financial Services Limited reported consolidated Profit After Tax of $20 Mn for the second quarter and half-year ended September 30, 2026, a 50% year-on-year increase, according to its earnings update published on BSE. The results were driven by its Alternative Asset Management and Mutual Fund segments, with the General Insurance business, Zuno, turning profitable during the quarter.
The Alternative Asset Management segment contributed $9 Mn to PAT, up 27% YoY, while Fee Paying AUM grew 28% to $5,122 Mn and annualized RoE improved to 29%. The segment raised more than $830 Mn across Special Situations, Infra Yield and Private Equity strategies during the quarter.
The Mutual Fund segment reported PAT of $4 Mn, up 114% YoY. Equity AUM reached $11,210 Mn, up 40% YoY, and total AUM rose 18% to $19,087 Mn. Net equity inflows of $1,125 Mn were the highest in any quarter to date, and the SIP book grew 26% to $64 Mn.
Zuno achieved a quarterly PAT of $1 Mn, with Gross Written Premium up 40% YoY and gross direct premium income up 41%. In Life Insurance, gross premium was $58 Mn, up 11% YoY, and total AUM reached $1,153 Mn, up 13%. The solvency ratio stood at 171%.
Across the group, the customer franchise expanded to 15 Mn customers, up 24% YoY, with customer assets of $30 Bn, also up 24%. Corporate net debt declined 18% YoY, and ECLF Wholesale SR was wound down to zero. In Asset Reconstruction, acquired assets rose 70% YoY to $63 Mn and recoveries rose 13% to $145 Mn, with annualized RoE of 18%. The NBFC arm's disbursals tripled YoY to $58 Mn, with GNPA at 2.10%.
For FY27, the company cited the completed listing of Edelweiss Alternatives and Carlyle's strategic majority investment in Nido as key milestones. Management said it is focused on scaling PAT in asset management, bringing insurance businesses to profitability, and calibrating scale-up in credit, where MSME disbursals grew 3x YoY.
The Alternative Asset Management segment contributed $9 Mn to PAT, up 27% YoY, while Fee Paying AUM grew 28% to $5,122 Mn and annualized RoE improved to 29%. The segment raised more than $830 Mn across Special Situations, Infra Yield and Private Equity strategies during the quarter.
The Mutual Fund segment reported PAT of $4 Mn, up 114% YoY. Equity AUM reached $11,210 Mn, up 40% YoY, and total AUM rose 18% to $19,087 Mn. Net equity inflows of $1,125 Mn were the highest in any quarter to date, and the SIP book grew 26% to $64 Mn.
Zuno achieved a quarterly PAT of $1 Mn, with Gross Written Premium up 40% YoY and gross direct premium income up 41%. In Life Insurance, gross premium was $58 Mn, up 11% YoY, and total AUM reached $1,153 Mn, up 13%. The solvency ratio stood at 171%.
Across the group, the customer franchise expanded to 15 Mn customers, up 24% YoY, with customer assets of $30 Bn, also up 24%. Corporate net debt declined 18% YoY, and ECLF Wholesale SR was wound down to zero. In Asset Reconstruction, acquired assets rose 70% YoY to $63 Mn and recoveries rose 13% to $145 Mn, with annualized RoE of 18%. The NBFC arm's disbursals tripled YoY to $58 Mn, with GNPA at 2.10%.
For FY27, the company cited the completed listing of Edelweiss Alternatives and Carlyle's strategic majority investment in Nido as key milestones. Management said it is focused on scaling PAT in asset management, bringing insurance businesses to profitability, and calibrating scale-up in credit, where MSME disbursals grew 3x YoY.
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