Depreciation increased 43% to Rs 32.83 crore, while PBT moved up 31% to Rs 458.00 crore. Effective tax rate was higher at 43.6% in Q3FY2019 from 37.3% in Q4FY2017. The final bottomline of the company declined 4% to Rs 226.11 crore in the quarter ended December 2018, as minority interest jumped to Rs 32.24 crore in Q3FY2019 from negative Rs 16.38 crore in Q3FY2018.

Book value of the company stood at Rs 83.07 per share at end December 2018.

The consolidated Capital Adequacy Ratio for Edelweiss Group is 17.8% as on 31 December 2018.

Credit Business:

At the end of Q3FY19, book size of Retail Credit was Rs 17756 crore (Rs 14200 crore at the end of Q3FY18), up 25%. The Corporate Credit book was Rs 17798 crore (Rs 16148 crore at the end of Q3FY18), up 10%. Total Credit Book including Distressed Credit stands at Rs 42380 crore at the end of Q3FY19, up 18%. The asset quality of the overall credit book continued to remain under control with Gross NPAs at 1.84% and Net NPAs at 0.78%.

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 497 warehouses across 17 states in India as on 31st December 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 6826 crore and an AuM of Rs 45100 crore. Edelweiss ARC continues to be the largest Asset Reconstruction Company in the country. We are excited about the ARC opportunity as it helps in releasing productive assets for the nation's economy and reduces burden on commercial banks. CDPQ, one of North America's largest pension fund managers, has taken stake in Edelweiss Asset Reconstruction Company which on fully diluted basis will be 20%. Focus of this business continues to be on acquiring large viable operating and EBITDA earning assets that are financially broken.

Franchise and Advisory Businesses:

The AuAs of the Global Wealth Management business grew to Rs 100300 crore at the end of Q3FY19.

Asset Management business comprises of Alternative Asset Management and Mutual Fund. The total AuMs of Asset Management business grew to Rs 36,400 crore at the end of Q3Y19.

Leading player in the Private Debt space across real estate credit, distressed assets credit and special opportunities. Closed EISAF II fund at US$ 1.3 billion - Largest distressed fund raised in India.

Life Insurance:

Edelweiss Tokio Life Insurance is one of the fastest growing life insurance companies in India. It continues to scale up its business with the objective of enhancing quality of business and focus on customer. 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 presence across 121 branches in 93 locations and the agency channel force of 40100 Personal Financial Advisors.

YTD Financial Performance

For the nine-months ended December 2018 (9MFY2019), the company has reported 25% rise in total income at Rs 7861.18 crore. Interest expense moved up 25% to Rs 7943.62 crore, while other expenses galloped 28% to Rs 3013.32 crore. Ensuing Gross profit increased 28% to Rs 1429.11 crore. Depreciation rose 33% to Rs 91.03 crore. PBT increased 27% to Rs 1338.08 crore. Effective tax rate stood at 40% in compared to 41%. The final bottomline of the company improved 22% to Rs 762.78 crore in 9MFY2019.