Edelweiss Financial Services has announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 100 crore(Base Issue Size), with a green shoe option of up to Rs 100 crore, cumulatively aggregating up to Rs 200 crore. There are twelve series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months withannual, monthly, and cumulative interest options. Effective annual yield for NCDs ranges from 9.00% p.a. to 10.46% p.a.The issue is scheduled to open on 08 April 2024, and close on 23 April 2024. Powered by Capital Market - Live News

Edelweiss Financial Services has received affirmation in credit ratings from Brickwork Ratings as follows:Non-convertible Debentures (Rs 344.81 crore) - BWR AA-/Negative(Reaffirmed)Principal Protected Market Linked Debentures (Rs 352.78 crore) - BWR PP-MLD AA-/Negative (Reaffirmed)Powered by Capital Market - Live News

Net profit of Edelweiss Financial Services rose 23.53% to Rs 125.09 crore in the quarter ended December 2023 as against Rs 101.26 crore during the previous quarter ended December 2022. Sales rose 11.68% to Rs 2392.78 crore in the quarter ended December 2023 as against Rs 2142.58 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2392.782142.58 12 OPM %34.7634.97 - PBDT121.44164.32 -26 PBT89.16138.02 -35 NP125.09101.26 24 Powered by Capital Market - Live News

Edelweiss Financial Services will hold a meeting of the Board of Directors of the Company on 12 February 2024.Powered by Capital Market - Live News

Edelweiss Financial Services has allotted 29,750 equity shares under Edelweiss Employees Stock Incentive Plan, 2011 on 20 December 2023. Powered by Capital Market - Live News