During Tuesday’s trading session, the shares of a company offering a wide range of financial products and services including its flagship Earned Wage Access (EWA) in India hit a 2% upper circuit at Rs. 123.95 on BSE, after reporting a rise in net profit by nearly 21 percent QoQ and 109 percent YoY in Q3 FY25.
With a market cap of Rs. 406.3 crores, the shares of Emerald Finance Limited closed in the green at Rs. 123.95, as compared to its previous closing price of Rs. 121.55.
What’s the news
The fluctuations in the share prices were observed after Emerald Finance Limited announced the financial results for Q3 FY25, through the recent filings with the BSE.
For Q3 FY25, Emerald Finance reported total revenue from operations of Rs. 5.72 crores, reflecting a significant growth of around 14.4 percent QoQ from Rs. 5 crores in Q2 FY25, and increased by about 67.7 percent YoY from Rs. 3.41 crores in Q2 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 2.48 crores, representing a rise of around 21 percent QoQ from Rs. 2.05 crores in Q2 FY25, and a year-on-year growth of nearly 109 percent from Rs. 1.19 crores in Q2 FY24.
The consolidated EBITDA for Q3 FY25 stood at Rs. 4.09 crores, reflecting about a 101.5 percent YoY increase from Rs. 2.03 crores in Q2 FY24. Additionally, the net profit margin improved significantly by 852 bps, rising from 34.67 percent to 43.19 percent, over the same period.
Emerald Finance’s Loan book performed extremely well and had NIL NPAs during the first 9 months.
Shareholding Pattern
As per the September 2024 shareholding pattern, the Promoters hold a 62.35 percent stake in the company, Foreign Institutional Investors (FII) hold a 9.16 percent stake, while Retail Investors hold a 28.49 percent stake in Emerald Finance.
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Stock Performance
The stock has delivered multibagger returns of nearly 438.3 percent in one year, as well as around 204.6 percent returns in the last six months. However, the shares of Emerald Finance have given positive returns of about 3.3 percent in the last one month.
About the company
Emerald Finance Limited, formerly known as Emerald Leasing Finance and Investment Company Limited, is a Chandigarh-based non-deposit-taking NBFC focusing on retail and MSME lending and acts as a loan origination platform for 40+ financial institutions through its subsidiary, Eclat Net Advisors Private Limited.
The company is also engaged in the business of offering personal loans, business loans, and Early Wage Access.
Emerald Finance has recently developed Emerald Early-Wage-Access, a fully digital product providing short-term loans via salary advances, in partnership with employers.
Written by Shivani Singh
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