Edelweiss Financial Q2 Profit Rises 50% to Rs 192.62 Crore
Edelweiss Financial Services posted a 50% rise in profit for owners in the September quarter, while total net profit rose about 18% to Rs 207.30 crore.
Key Takeaways
- Profit for owners rose 50% to Rs 192.62 crore in the September 2026 quarter.
- Total net profit rose about 18% to Rs 207.30 crore from Rs 175.45 crore.
- Total income rose about 37% to Rs 2,602.10 crore.
- General insurer Zuno turned profitable this quarter with a profit of Rs 5 crore.
- Half-year profit for owners rose about 61% to Rs 314.84 crore.
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Edelweiss Financial Services said its consolidated profit for owners rose 50% to Rs 192.62 crore in the second quarter of FY27, the three months ended September 30, 2026, from Rs 128.41 crore a year earlier. Its board approved the results on Friday, November 13, 2026.
Including the share that belongs to minority shareholders in its subsidiaries, the group's total net profit rose about 18% to Rs 207.30 crore from Rs 175.45 crore. Total income rose about 37% to Rs 2,602.10 crore from Rs 1,899.77 crore in the same quarter last year.
Edelweiss Q2 FY27 results at a glance
| Detail | Value |
|---|---|
| Company | Edelweiss Financial Services |
| Period | Quarter ended September 30, 2026 (Q2 FY27) |
| Profit for owners | Rs 192.62 crore, up 50% from Rs 128.41 crore |
| Total net profit | Rs 207.30 crore, up about 18% from Rs 175.45 crore |
| Total income | Rs 2,602.10 crore, up about 37% from Rs 1,899.77 crore |
| Interest income | Rs 720.39 crore, against Rs 686.86 crore |
| Half-year profit for owners | Rs 314.84 crore, up about 61% from Rs 195.18 crore |
| Half-year total income | Rs 5,020.91 crore, up about 20% |
| Results approved | November 13, 2026 |
How Edelweiss's six businesses did in the September quarter
Edelweiss Financial Services runs six businesses: alternative asset management, mutual funds, asset reconstruction, MSME loans through its NBFC, general insurance and life insurance. In alternative asset management, fee paying assets under management grew 28% to Rs 49,164 crore and quarterly profit rose 27% to Rs 88 crore. The mutual fund business made a profit of Rs 37 crore, up 114%, and its equity assets under management grew 40% to Rs 1,07,600 crore, while its SIP book rose 26% to Rs 618 crore.
The asset reconstruction business recovered Rs 1,387 crore in the quarter, up 13%, and acquired Rs 605 crore of assets, up 70%. MSME loan disbursals tripled to Rs 560 crore. General insurer Zuno turned profitable this quarter with a profit of Rs 5 crore, and its gross written premium rose 40% to Rs 366 crore. Life insurance gross premium rose 11% to Rs 558 crore, and its assets under management rose 13% to Rs 11,067 crore.
| Business | Q2 FY27 figure |
|---|---|
| Alternative asset management | Profit of Rs 88 crore, up 27% |
| Mutual fund | Profit of Rs 37 crore, up 114% |
| Asset reconstruction | Recoveries of Rs 1,387 crore, up 13% |
| MSME loans | Disbursals of Rs 560 crore, three times a year earlier |
| General insurance (Zuno) | Profit of Rs 5 crore, turned profitable this quarter |
| Life insurance | Gross premium of Rs 558 crore, up 11% |
Edelweiss's profit over the last few quarters
| When | What happened |
|---|---|
| Quarter ended September 2025 | Profit for owners of Rs 128.41 crore |
| Year ended March 2026 (FY26) | Profit for owners of about Rs 547 crore |
| Quarter ended June 2026 | Profit for owners of about Rs 122 crore |
| Quarter ended September 2026 | Profit for owners of Rs 192.62 crore |
Rashesh Shah on the 50% profit growth and Zuno's turnaround
"At Edelweiss, in this quarter we reported a consolidated PAT (post MI) of INR 193 Cr, up 50% YoY."
"Our Insurance businesses are on track to be profitable with combined losses down by 58% YoY in six months ended September; our General Insurance business, Zuno, turned profitable this quarter."
The Edelweiss Alternatives IPO and the Nido deal
The company said its alternative asset management arm, Edelweiss Alternatives, completed its Rs 1,200 crore initial public offering. It also said Carlyle came in as a strategic majority investor in Nido Home Finance.
The company said its customer base grew 24% to nearly 15 million and customer assets grew 24% to Rs 2.9 trillion. It reported a net worth of Rs 5,615 crore.
Where Edelweiss stands after Q2 FY27
Edelweiss Financial Services closed the September quarter with profit for owners of Rs 192.62 crore, up 50%, and total income of Rs 2,602.10 crore. For the first half of FY27, profit for owners rose about 61% to Rs 314.84 crore. Its general insurance business Zuno turned profitable this quarter, with a profit of Rs 5 crore.
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