Edelweiss Financial Services Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Edelweiss Financial Services Ltd reported a 29.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 17.3%.
- Its expenses for the quarter were down by 20.2% QoQ and 18.2% YoY.
- The net profit increased 13.3% QoQ and increased 1.9% YoY.
- The earnings per share (EPS) of Edelweiss Financial Services Ltd stood at 1.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1996.62 | 2842.26 | 2414.55 | -29.8% | -17.3% |
Total Expenses | 1936.36 | 2425.53 | 2367.87 | -20.2% | -18.2% |
Profit Before Tax | 181.29 | 319.31 | 89.16 | -43.2% | 103.3% |
Tax | 26.11 | 182.29 | -63.12 | -85.7% | -141.4% |
Profit After Tax | 155.18 | 137.02 | 152.28 | 13.3% | 1.9% |
Earnings Per Share | 1.70 | 1.50 | 1.40 | 13.3% | 21.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Edelweiss Financial Services Ltd is a diversified financial services company headquartered in India. It operates across various segments, including credit, investment and advisory services, and insurance services. The firm is known for catering to both retail and corporate clients with an array of financial products and solutions. As of the latest updates available, Edelweiss Financial Services has been focusing on strengthening its core businesses and expanding its market presence. However, no specific recent major developments are available in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Edelweiss Financial Services Ltd reported a total income of ₹1,996.62 crores. This reflects a significant decrease of 29.8% compared to the previous quarter (Q2FY25), where the total income was ₹2,842.26 crores. Moreover, when compared to the same quarter from the previous fiscal year (Q3FY24), the total income saw a decline of 17.3%, from ₹2,414.55 crores. These figures indicate fluctuations in revenue generation, which need to be tracked over subsequent quarters for a comprehensive understanding.
Profitability
For Q3FY25, Edelweiss Financial Services Ltd's profit before tax stood at ₹181.29 crores, which is a decrease of 43.2% from the previous quarter, where it was ₹319.31 crores. However, this represents a significant increase of 103.3% when compared to Q3FY24, where the profit before tax was ₹89.16 crores. Tax expenses for the quarter were ₹26.11 crores, showing a substantial decline of 85.7% from ₹182.29 crores in Q2FY25, and a shift from a tax credit of ₹63.12 crores in Q3FY24. The profit after tax for Q3FY25 was ₹155.18 crores, up by 13.3% from ₹137.02 crores in the previous quarter, and a slight increase of 1.9% from ₹152.28 crores in Q3FY24. These metrics highlight the variations in profitability over the periods considered.
Operating Metrics
The earnings per share (EPS) for Edelweiss Financial Services Ltd in Q3FY25 was ₹1.70, reflecting a growth of 13.3% from the previous quarter's EPS of ₹1.50. Compared to the same quarter in the previous year, the EPS increased by 21.4% from ₹1.40. Total expenses for Q3FY25 amounted to ₹1,936.36 crores, which is a decline of 20.2% from Q2FY25's total expenses of ₹2,425.53 crores and a reduction of 18.2% from Q3FY24's total expenses of ₹2,367.87 crores. These figures illustrate changes in the company's cost structure and earnings potential over the recent quarters.
