Emerald Finance Reports 115 Percent Increase in Q1 FY25 Consolidated EBITDA
Mumbai (Maharashtra) [India], July 6: Emerald Finance Limited (BSE:EMERALD), is a dynamic company offering a spectrum of banking products and financial services, announced its Unaudited Financial Results for Q1 FY25.
Key Financial Highlights
| Consolidated | Standalone | |||||
| Particulars (₹ Cr) | Q1 FY25 | Q1 FY24 | YoY | Q1 FY25 | Q1 FY24 | YoY |
| Total Income | 4.40 | 2.78 | 58.41 % | 2.50 | 1.76 | 42.35 % |
| EBITDA | 2.95 | 1.37 | 114.93 % | 1.94 | 1.17 | 65.52 % |
| EBITDA (%) | 67.04 | 49.41 | 1763 Bps | 77.43 | 66.59 | 1084 Bps |
| PAT | 1.71 | 0.86 | 98.92 % | 1.10 | 0.76 | 45.44 % |
| PAT Margin (%) | 38.91 | 30.99 | 792 Bps | 44.12 | 43.18 | 94 Bps |
| EPS (₹) | 0.57 | 0.30 | 91.89 % | 0.37 | 0.25 | 48.00 % |
Comment on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “The robust financial performance in Q1 FY25 is a testament to our strategic focus on innovative financial solutions and customer-centric services. We have achieved a remarkable surge in EBITDA, reflecting our efficient operational strategies and cost management initiatives. Robust growth in total income with profit almost doubling is strong indication of optimistic demand for our financial products.
Our new partnerships for the Early Wage Access Program highlight our innovative approach to meeting the financial needs of our customers. Our collaboration with major financial institutions for gold loans further strengthens our market presence and provides a robust platform for future growth. We are committed to sustaining this momentum and exploring new avenues for growth, ensuring long-term value creation.”
Recent Highlights of Emerald Finance Limited
| Issue of Warrants | • The company issued share warrants worth ₹ 10 Cr to Investi Global Opportunity Fund PCC, a Mauritius-based FPI. • Details: 2,631,579 convertible warrants, face value of ₹ 10 each, issued at ₹ 38 (including a ₹ 28 premium per warrant). |
| New Partnerships | Partnered with Vasudeva Jewellers, Chandigarh Club Limited, Credit Enable, Avrakt Innovations, and IDS Infotech Limited to launch an Early Wage Access Program. |
| Gold Loans | Emerald Finance, through its subsidiary named Shubhbank, has facilitated gold loans amounting to over ₹50 crore for HDFC Bank and Axis Bank. |
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