Alternative business has generated 147 cr (approx) profit last year, however it has lot of carry income yet t hit P&L. It is likely to result in reported profit from FY25 onwards.
Here is a good explanation for carry income from Brookfield. They have explained the carry income concept very well IMO. It is applicable to alternative business of edelweiss.
Brookfield Corporation: 2023 Investor Day Presentation
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