Recommendation of Dividend
Awaiting price reaction for this filing.
Edelweiss Financial Services board has recommended a final dividend of ₹1.50 per equity share (on face value of ₹1), subject to shareholder approval at the upcoming AGM. The board also approved audited consolidated and standalone results for FY25, with consolidated PBT up 83% YoY to ₹802 Cr and ex-insurance PAT at ₹545 Cr. Total consolidated revenue stood at ₹9,519 Cr while net worth remained strong at ₹5,918 Cr. The company cut net debt by 27% YoY (₹4,170 Cr reduction) and trimmed its wholesale loan book by 40% to ₹2,500 Cr, signalling balance sheet strengthening. EPS for FY25 came in at ₹5.89 (basic) versus ₹4.68 the prior year.
The dividend declaration, paired with strong profit growth and meaningful debt reduction, signals improving financial health and may be viewed positively by shareholders. However, standalone PAT remained negative (-₹52 Cr) due to investment fair value changes, and a leadership change (Ramaswamy moving from Executive Director to Non-executive Vice Chairman) is also underway.