Date: November 13, 2026

Financial Results (Standalone & Consolidated)

Consolidated Performance (in USD Millions):

  • Profit After Tax (Post Minority Interest): $20 Mn in Q2 FY27, compared to $13 Mn in Q2 FY26, a 50% increase.
  • Profit After Tax (Post Minority Interest) for H1: $33 Mn in H1 FY27, compared to $20 Mn in H1 FY26, a 61% increase.

Segment-wise Profit After Tax (Q2 FY27 vs Q2 FY26):

  • Alternative Asset Management: $9 Mn vs $7 Mn
  • Mutual Fund: $4 Mn vs $2 Mn
  • Asset Reconstruction: $8 Mn vs $9 Mn
  • NBFC: $0.4 Mn vs $0.4 Mn
  • General Insurance (Zuno): $1 Mn vs ($1) Mn
  • Life Insurance: ($2) Mn vs ($6) Mn
  • Operating Business PAT: $20 Mn vs $11 Mn
  • Corporate PAT: $2 Mn vs $7 Mn
  • (Less) Minority shareholders' PAT: $2 Mn vs $5 Mn

H1 FY26 PAT for Life Insurance included one-off treasury gains of $5 Mn.

Business Performance

Alternative Asset Management:

  • Fee Paying AUM grew 28% YoY to $5,122 Mn.
  • Quarterly PAT increased 27% YoY to $9 Mn.
  • Annualized RoE improved to 29% (up ~270 bps YoY).
  • Raised $830 Mn+ across strategies and $1,250 Mn+ in InvITs during H1FY27.
  • Launched the 3rd vintage infrastructure yield fund (IYP III).

Mutual Fund:

  • Equity AUM reached $11,210 Mn, up 40% YoY.
  • Total AUM grew 18% YoY to $19,087 Mn.
  • Net equity inflows were $1,125 Mn (highest ever in a quarter), up 2.5x YoY.
  • SIP book grew 26% YoY to $64 Mn.
  • Launched Altiva Equity Long Short SIF; SIF AUM at $1,375 Mn.

Asset Reconstruction:

  • Acquired $63 Mn assets in the quarter, up 70% YoY.
  • Recovered $145 Mn in the quarter, up 13% YoY.
  • Share of retail assets in capital employed increased to 29%.
  • Annualized RoE for the quarter was 18%.

NBFC:

  • Disbursals were $58 Mn in the quarter, tripled YoY.
  • Received $78 Mn of borrowing support available from banks.
  • GNPA improved to 2.10% (down 125 bps YoY); NNPA at 1.19%.
  • ECLF Wholesale SR book was wound down to zero from $1,875 Mn in Mar '19.

General Insurance (Zuno):

  • Business turned profitable in Q2 FY27 with a PAT of $1 Mn.
  • Gross written premium (GWP) increased 40% YoY; Motor accounted for 60% of GWP.
  • Gross direct premium income (GDPI) grew 41% YoY vs. industry growth of 7%.
  • Motor segment GDPI grew 66% YoY vs. industry growth of 12%.

Life Insurance:

  • Gross premium was $58 Mn in the quarter, up 11% YoY.
  • Total AUM was $1,153 Mn, up 13% YoY.
  • Embedded Value was $243 Mn.
  • Issued 15,591 policies in the quarter.
  • Par and Non-Par products constituted 78% of new business premium.

Disinvestment / Strategic Actions

Edelweiss Alternatives Listing:

  • Successfully listed on November 2, 2026.
  • The offer was oversubscribed across every investor category; the QIB book was subscribed ~13.8x.

Carlyle Investment in Nido Home Finance:

  • Carlyle concluded a strategic majority investment with a total outlay of $208 Mn+.
  • The investment includes primary capital infusion and secondary purchase of a 45% stake from Edelweiss for ~$63 Mn.
  • ~$76 Mn of the primary capital has been received; the balance ~$76 Mn is due within 18 months.
  • Upon completion, Nido's net worth will nearly triple to ~$240 Mn.
  • Post-transaction, Edelweiss will hold a ~26% stake and receive an upside participation share based on Carlyle's returns.

Governance & Corporate Responsibility

Board Composition:

The company has a 6-member Board with 4 Independent Directors:

  • Dr. Ashima Goyal (Independent Director): Professor at Indira Gandhi Institute of Development Research, former part-time member of the PM's Economic Advisory Council, and former MPC member.
  • Mr. Shiva Kumar (Independent Director): Former Deputy Managing Director at State Bank of India.
  • Mr. Balagopal Chandrasekhar (Independent Director): Ex-IAS officer, former Chairman of Federal Bank, founder of Penpol Pvt. Ltd.
  • Mr. Rajiv Jalota (Independent Director): Ex-IAS officer, former Chairman of Mumbai Port Authority and Additional Chief Secretary (Finance) for Maharashtra.

Corporate Responsibility (EdelGive Foundation):

  • ~$2 Mn cash flow from Edelweiss CSR contribution in the quarter ended Sep '26.
  • Since inception, has mobilized $172 Mn, partnered with 324 NGOs, and spearheaded over 150 capacity building projects.
  • Key impact areas:
  • Quality Education: 2.2 Cr children impacted, 1,26,514 schools reached, 7.6 lakh teachers trained.
  • Community Resilience & Climate Action: 2.65 lakh individuals trained, 15,638 watershed structures repaired/built.
  • Women Empowerment: 2.87 lakh women supported, 43,436 grassroots leaders, 21,740 survivors rehabilitated.

Liquidity & Balance Sheet

  • Corporate net debt decreased by 18% YoY.
  • Each operating business is reported to be well capitalized for regulatory and growth needs.
  • Surplus liquidity cover is maintained. As of the projection from Oct '26 to Sep '27:
  • Opening Available Liquidity: $740 Mn
  • Total Expected Inflows: $938 Mn
  • Total Expected Outflows: $1,042 Mn
  • Closing Available Liquidity: $636 Mn
  • Assets in each tenor range are stated to adequately cover liabilities.