Interim report
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Edelweiss Financial Services Limited Audited Results Financial Year 2021 | Press Release June 11th , 2021 | www.edelweissfin.com * Edelweiss Ideas create , values protect Edelweiss reports PAT of INR 637 Cr for Q4FY21 Declared Final Dividend of Rs 0.55 per share . Total Dividend for FY21 stands at Rs.1.45 per share Well - Capitalised Businesses ♦ Growing Customer Assets ♦ Strong Balance Sheet & Liquidity Q4FY21 Financial Highlights : • Revenue ( consolidated ) - INR 4,481 Cr Consolidated PAT - INR 637 Cr ; Ex - Insurance PAT - INR 702 Cr • Fee Income above pre - Covid levels - INR 543 Cr FY21 Highlights : • • • Board of Directors have approved a Final Dividend of Rs . 0.55 per share . Total Dividend for the year stands at Rs.1.45 per share . Diversified with well - Capitalised Businesses - Diversified across Retail Credit , Asset Management , Asset Reconstruction , Insurance and Wealth Management , our businesses are structured under ten key entities . The businesses are well - capitalised with robust operating platforms and are poised for growth Growing Customer Franchisee - Customer Assets up 35 % yoy to INR 2,80,800 Cr – demonstrating the continued trust reposed by customers . • Value unlocking in Edelweiss Wealth Management - Successfully closed PAG Partnership at a valuation of INR 4,400 Cr ; Edelweiss will hold 38.5 % stake in EWM with an option to increase it to ~ 44 % Significant distribution of value , through the demerger and subsequent listing by Sept - Dec'22 • Strengthening Balance Sheet and Liquidity - Strong Net worth at INR 8,542 Cr , Borrowings declined by 41 % over FY19 levels D / E reduced to 2.5x in FY21 from 4.4x in FY19 • Scaled down wholesale credit assets in ECL Finance Wholesale Book down 35 % from FY19 levels . Expected to reduce by ~ 50 % by March ' 23 Successful workouts of INR 1,500 Cr in last 12 months ; Improving traction on workouts expected in FY22 and FY23 as Covid impact subsides Covid 19 - Our Response to the Pandemic - Prioritized Employee & Community well - being • Safety for all employees and families Organized Onsite vaccination drives and reimbursement for all employees and their families