Mumbai (Maharashtra) [India] October 10: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including Earned Wage Access in India, announced its Unaudited Financial Results for Q2 & H1 FY25.
Commenting on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “Our strong performance in Q2 FY25 and the first half of the fiscal year reflects the solid execution of our growth strategy, aimed at expanding our retail lending and MSME financing portfolios. We are encouraged by the substantial YoY growth in Total Income, EBITDA, and PAT, which underscores our ability to penetrate new markets and serve a broader customer base.
Our strategic initiatives, including the introduction of small-ticket personal loans and our flagship Early-Wage-Access product, have driven higher demand and positioned us for sustainable growth. The Early-Wage-Access product, in particular, has gained traction, with notable partnerships signed with several companies. By Q3, we aim to partner with 15 more companies, enhancing our product reach and revenue potential.
Looking ahead, we remain focused on innovation and leveraging technology to deliver accessible and efficient financial solutions. With a growing client base and enhanced market presence, we are confident in our ability to drive long-term value.”
Key Financial Highlights
| Consolidated | Standalone | |||||
| Particulars (₹ Cr) | Q2 FY25 | Q2 FY24 | YoY | Q2 FY25 | Q2 FY24 | YoY |
| Total Income | 5.01 | 2.78 | 80.32% | 2.94 | 1.76 | 67.51% |
| EBITDA | 3.51 | 1.37 | 155.54% | 2.45 | 1.17 | 109.21% |
| EBITDA (%) | 70.01% | 49.41% | 2,061 Bps | 83.18% | 66.59% | 1,658 Bps |
| PAT | 2.06 | 0.86 | 138.97% | 1.44 | 0.76 | 89.96 % |
| PAT Margin (%) | 41.06% | 30.99% | 1,008 Bps | 48.97% | 43.18% | 579 Bps |
| EPS (₹) | 0.63 | 0.29 | 119.58% | 0.44 | 0.25 | 76.00 % |
| Consolidated | Standalone | |||||
| Particulars (₹ Cr) | H1 FY25 | H1 FY24 | YoY | H1 FY25 | H1 FY24 | YoY |
| Total Income | 9.41 | 6.04 | 55.80% | 5.45 | 3.60 | 51.21% |
| EBITDA | 6.46 | 2.90 | 122.31% | 4.39 | 2.48 | 76.64% |
| EBITDA (%) | 68.62% | 48.09% | 2,053 Bps | 80.54% | 68.95% | 1,159 Bps |
| PAT | 3.77 | 1.81 | 107.78% | 2.55 | 1.60 | 58.95% |
| PAT Margin (%) | 40.06% | 30.04% | 1,002 Bps | 46.74% | 44.47% | 228 Bps |
| EPS (₹) | 1.15 | 0.60 | 91.67% | 0.78 | 0.53 | 47.17% |
Q2 FY25 Result Highlights of Emerald Finance Limited
| Conversion of Warrants | Approved the allotment of 26,31,579 equity shares, increasing paid-up equity share capital to ₹ 32.77 Cr. The company issued share warrants worth ₹10 crore to Investi Global Opportunity Fund PCC, a Mauritius-based FPI. Full payment for these warrants has now been received, and the shares have been allotted in this quarter. This has increased the shareholding of FIIs in Emerald to 9.23%. |
| Added New Clients for Early-Wage Access program | Added 8 (Eight) new clients including one, who funds employees of Municipal Corporation Chandigarh |
| Performance | Emerald Finance’s Loan book performed extremely well during the first half and had Zero (0) NPAs during the first half. |
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