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Emerald Finance Limited’s Consolidated Q3FY25 Net Profit Soars 109 Percent

Mumbai (Maharashtra) [India], January 08: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, announced its Unaudited Financial Results for Q3 FY25 and 9M FY25. Q3 FY25 Consolidated Financial Highlights Total Income of ₹ 5.74 Cr, YoY growth of 67.70% EBITDA [...]

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Jan 8, 2025 • 3:19 PM

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“Emerald Finance Limited’s Consolidated Q3FY25 Net Profit Soars 109 Percent”

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8 Jan 2025

Emerald Finance Limited’s Consolidated Q3FY25 Net Profit Soars 109 Percent

Mumbai (Maharashtra) [India], January 08: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, announced its Unaudited Financial Results for Q3 FY25 and 9M FY25.

Q3 FY25 Consolidated Financial Highlights

Total Income of ₹ 5.74 Cr, YoY growth of 67.70%
EBITDA of ₹ 4.09 Cr, YoY growth of 101.47%
Net Profit of ₹ 2.48 Cr, YoY growth of 108.89%
Net Profit Margin (%) of 43.19%, YoY growth of 852 BPS
EPS of ₹ 0.73, YoY growth of 86.29%

9M FY25 Consolidated Financial Highlights

Total Income of ₹ 15.15 Cr, YoY growth of 60.11%
EBITDA of ₹ 10.54 Cr, YoY growth of 113.73%
Net Profit of ₹ 6.25 Cr, YoY growth of 108.29%
Net Profit Margin (%) of 41.25%, YoY growth of 954 BPS
EPS of ₹ 1.85, YoY growth of 85.93%

Q3 FY25 Standalone Financial Highlights

Total Income of ₹ 3.43 Cr, YoY growth of 90.99%
EBITDA of ₹ 2.84 Cr, YoY growth of 106.40%
Net Profit of ₹ 1.74 Cr, YoY growth of 122.88%
Net Profit Margin (%) of 50.64%, YoY growth of 725 BPS
EPS of ₹ 0.52, YoY growth of 98.84%

9M FY25 Standalone Financial Highlights

Total Income of ₹ 8.88 Cr, YoY growth of 64.45%
EBITDA of ₹ 7.23 Cr, YoY growth of 87.24%
Net Profit of ₹ 4.29 Cr, YoY growth of 79.97%
Net Profit Margin (%) of 48.25%, YoY growth of 416 BPS
EPS of ₹ 1.27, YoY growth of 60.76%

Commenting on the financial performance, Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “I am pleased to highlight the achievement of a 108% increase in net profit for the nine months of FY25 compared to the same period in FY24, which underscores our robust financial performance and operational efficiency. The growth in the EWA vertical demonstrates the company’s ability to capitalize on emerging, high-potential market segments.

Maintaining zero NPAs reflects our commitment to prudent financial management and a robust credit portfolio. We are proud to share that an investment via preferential issue by high-profile investors underscores their confidence in the company’s growth trajectory and future prospects. Additionally, their strategic guidance will enable us to accelerate the achievement of our long-term goals.”

Q3 FY25 Key Business Highlights of Emerald Finance Limited

Issue of shares on Preferential basis	Allotted 10,00,000 equity shares at ₹10 face value and ₹90 premium, raising paid-up equity share capital to ₹33.77 Cr. Issued ₹10 Cr worth of shares on a preferential basis to various allottees, including Minerva Ventures Fund, a Mauritius-based FPI, increasing FIIs’ stake in Emerald to 9.78%. Allottees include Mr. Rajesh Jain, who has held senior positions at KPMG India and Africa and served as Head Markets at Walker Chandiok LLP, among others.
Upgraded Credit Rating	Secured a CRISIL BB+/Stable long-term rating for its ₹30 Cr bank loan facilities.
Added New Clients for Early-Wage Access program	Company has signed up 40 partnerships till date and already started with 31 of them as on December 31, 2024.
250 Gift Cards	Expands Early-Wage-Access program with 250+ brand vouchers (including of Make My Trip, PVR, ITC Hotels, Barbeque Nation, Amazon, Flipkart, Big Basket, Zomato, Swiggy among others) in partnership with its subsidiary Eclat Net Advisors Private.
Performance	Emerald Finance’s Loan book performed extremely well and had NIL NPAs during the first 9 Month.

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