Total income increased 35% to Rs 2608.73 crore in the quarter ended March 2018. Interest expense increased 31% to Rs 951.21 crore, while other expenses (including staff cost, provisions and other expenses) moved up 38% to Rs 1272.91 crore. Ensuing Gross Profit increased 37% to Rs 397.15 crore in Q4FY2018.

Depreciation declined 5% to Rs 33.43 crore, while PBT moved up 43% to Rs 363.72 crore.

Effective tax rate was lower at 39.7% in Q4FY2018 from 43.5% in Q4FY2017. The final bottomline of the company moved up 46% to Rs 248.22 crore in the quarter ended March 2018.

Book value of the company stood at Rs 72.82 per share at end March 2018.

Credit Business: Fund based income increased 18% to Rs 5656 crore in FY2018 from Rs 4806 crore in FY2017.

At the end of FY18, book size of retail credit was Rs 16188 crore (Rs 8952 crore at the end of FY17), up 81%. The Corporate Credit book was Rs 19525 crore (Rs 13875 crore at the end of FY17), up 41%. Total credit book including distressed credit stands at Rs 42,010 crore at the end of FY18.

The asset quality of the overall credit book continued to remain under control with Gross NPAs at 1.75% and Net NPAs at 0.7%. Provision Cover including provision on Standard Assets stands at 81%.

Agri Services which provides end to end business solutions in the entire Agri value chain is an enabler for our Agri Credit business. We have a network of 523 warehouses across 17 states in India, as on 31st March 2018. Empanelled with 19 banks for Collateral Management Services, we continue to refine the business model with a focus on increasing the Agri credit book.

Distressed Credit business has a capital of Rs 6297 crore and an AuM of Rs 44100 crore. Edelweiss ARC continues to be the largest Asset Reconstruction Company in the country.

The consolidated Capital Adequacy Ratio for Edelweiss Group is 17.04% as on 31st March 2018.

Franchise and Advisory Businesses: Fee & Commission income jumped 71% to Rs 2134 crore in FY2018 from Rs 1248 crore in FY2017.

The AuAs of the Wealth Management business grew at 49% to Rs 90100 crore at the end of FY18 compared to Rs 60300 crore at the end of FY17. Wealth Management business continued to scale up its market share and the AUA has grown at CAGR of 63% in last 6 years.

Asset Management business comprises of Alternative Asset Management and Mutual Fund. The total AuMs of Asset Management business grew to Rs 29200 crore at the end of FY18 compared to Rs 18200 crore at the end of FY17, a growth of 60%.

Institutional Broking business continued to be among the market leaders and performed in line with the industry. Research covers 252 stocks across 30 sectors.

Life Insurance:

Gross Premium income from Life Insurance business jumped 45% to Rs 638 crore compared to Rs 441 crore in FY2017. All Edelweiss Tokio (individual and group) ULIP funds have been providing superior returns. The company follows the agency-led multi-channel distribution approach with emphasis on productivity with a focus on building direct capability specifically online. It continues to expand its distribution footprint across agency and alternate channels with over 121 branches in 93 locations and the agency channel force of 31,000 Personal Financial Advisors.

Annual Financial Performance

For the year ended March 2018 (FY2018), the company has reported 30% rise in total income at Rs 8581.00 crore. Interest expense moved up 30% to Rs 8618.62 crore, while other expenses galloped 29% to Rs 3559.19 crore. Ensuing Gross profit increased 46% to Rs 1529.90 crore. Depreciation rose 5% to Rs 111.68 crore. PBT increased 50% to Rs 1418.22 crore. Effective tax rate stood at 39% in compared to 42%. The final bottomline of the company improved 46% to Rs 890.13 crore in FY2018.