Edelweiss Financial Services (EFSL) reported a 45 per cent increase in second quarter consolidated net profit at ₹209 crore against ₹144 crore in the year-ago period.
EFSL’s operations are organised around credit, franchise, advisory, and insurance businesses.
Total revenue in the reporting quarter (Q2 FY18) rose 26 per cent year-on-year (y-o-y) to ₹2,018 crore.
A break-up of the revenue from operations shows that fee and commission soared 96 per cent y-o-y to ₹473 crore; revenue from fund-based activities was up 12 per cent to ₹1,381 crore; premium from life insurance business rose 42 per cent to ₹121 crore; and other operating income was flat at ₹40 crore.
Total expenses, including finance costs, employee benefit expenses, other expenses, and change in life insurance policy liability (actuarial) rose 22 per cent to ₹1,660 crore.
As of end-September, the book size of retail credit was ₹11,783 crore, up 40 per cent y-o-y. The corporate credit book stood at ₹15,398 crore, up 19 per cent.
Total credit book, including distressed credit, stood at ₹32,540 crore at the end of Q2 FY18. Of the total credit book, 36 per cent was in retail, 47 per cent in corporate, and 17 per cent in the distressed credit business.
Balance sheet assets at ₹47,800 crore (₹35,800 crore) were up 33 per cent y-o-y. Assets under management and advice rose 74 per cent to ₹1.43 lakh crore.