The Edelweiss group comprised Edelweiss Financial Services Ltd (EFSL, the parent company), 56 subsidiaries, and six associate companies as on March 31, 2015. The group conducts its business from 240 offices (including 8 international offices) across 125 cities as on March 31, 2015. Its main business lines are credit (comprising wholesale, retail, SME, and agricultural financing), commodities, life insurance, financial markets-related fee businesses, and asset management. These businesses entail loans to corporates and individuals, mortgage finance, including loans against property and small-ticket housing loans, SME finance, commodity sourcing and distribution, life insurance, institutional and retail equity broking, corporate finance and advisory, wealth management, third-party financial products distribution, and alternative and domestic asset management. In addition, the balance sheet management unit focuses on liquidity and asset-liability management.
For 2014-15, the Edelweiss group reported profit after tax (PAT) of Rs.3.3 billion on total income of Rs.39.1 billion, vis-a-vis PAT of Rs.2.2 billion on total income of Rs.25.6 billion for 2013-14.
For the quarter ended June 30, 2015, the group reported PAT of Rs.912 million on total income of Rs.11.7 billion, vis-a-vis PAT of Rs.782 million on total income of Rs.8.2 billion for the corresponding period of the previous year.
ECLF, a non-banking financial company, along with Edelweiss Housing Finance Ltd, is the primary lending arm of the Edelweiss group. In 2007, ECLF began extending collateralised loans to corporates and commenced initial public offering financing and employee stock option plan financing activities. SME loans and a part of the loans against property portfolio, managed by the retail finance business of Edelweiss, are also booked in ECLF.
For 2014-15, ECLF reported PAT of Rs.1.8 billion on total income of Rs.12.4 billion, vis-à-vis PAT of Rs.1.6 billion on total income of Rs.8.1 billion for 2013-14. The company had a net worth of Rs.17.4 billion and capital adequacy ratio of 17.7 per cent as on March 31, 2015.
For the quarter ended June 30, 2015, ECLF reported PAT of Rs.565 million on total income of Rs.3.87 billion, vis-a-vis PAT of Rs.396 million on total income of Rs.2.52 billion for the corresponding period of the previous year.