Emerald Finance Limited has taken a significant step in expanding its financial services by partnering with Ebix Travels Pvt Ltd, Delhi, to introduce an Early-Wage-Access program. This innovative initiative aims to provide employees with greater financial flexibility by allowing them to access a portion of their earned wages before the traditional payday.

Key Features of the Partnership

• Instant Access: Employees can now access part of their salaries seamlessly throughout the month.
• Financial Relief: The program is designed to offer immediate financial support to employees when needed.
• Employer Collaboration: Emerald Finance works directly with employers to implement this salary advance solution.
• Repayment Method: Loans are repaid through salary deductions, ensuring a streamlined process.

Emerald Finance's Strategic Move

This partnership aligns with Emerald Finance's vision to broaden its product offerings and cater to a wider retail customer base. The company has been developing this salary advance solution as part of its expansion strategy, focusing on short-term loans that provide immediate financial relief to employees.

Implications for Employees

The Early-Wage-Access program represents a significant shift in how employees can manage their finances. By providing access to earned wages before the end of the pay cycle, it offers:

• Greater financial flexibility
• Potential reduction in reliance on high-interest payday loans
• Improved financial well-being and reduced stress related to short-term cash needs

Regulatory Compliance

In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Emerald Finance Limited has officially disclosed this partnership to the BSE Limited. This transparency ensures that all stakeholders are informed about the company's strategic moves and new product offerings.

As the fintech landscape continues to evolve, initiatives like Emerald Finance's Early-Wage-Access program demonstrate the industry's commitment to addressing the diverse financial needs of employees and employers alike. This partnership between Emerald Finance and Ebix Travels could potentially set a new standard in employee financial benefits, contributing to greater financial inclusion and flexibility in the workplace.

Emerald Finance Limited , a Chandigarh-based non-deposit taking NBFC, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics. The company has also made strides in its digital offerings, launching a new mobile application for its Early Wage Access (EWA) service.

Strong Financial Performance

Emerald Finance demonstrated impressive growth in Q2 FY26:

The company's EBITDA margin improved to 78.44% in Q2 FY26 from 69.86% in the same quarter last year, while the net profit margin rose to 52.10% from 40.92%.

Half-Year Performance

For the first half of FY26, Emerald Finance reported:

• Total income of ₹13.65 crore, up 45.04% year-over-year
• Net profit of ₹6.79 crore, an increase of 80.56%

Operational Highlights

Emerald Finance has made significant progress in its Early Wage Access (EWA) business:

• Onboarded 145 corporates to date
• Launched 'EMERALD EWA' mobile app on Google Play for registered companies and their employees
• Achieved gold loan disbursements exceeding ₹115 crore in Q2 FY26

Digital Expansion

The launch of the 'EMERALD EWA' mobile app marks a significant step in the company's digital strategy. This app aims to enhance accessibility for corporate partners and their employees, potentially boosting user engagement and service adoption.

Management Commentary

Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited, commented on the results: "Q2 FY26 has been another strong quarter for Emerald Finance, reflecting sustained growth momentum across our key business segments. The launch of our 'Emerald EWA' mobile app further enhances digital accessibility for our corporate partners and their employees."

He added, "Our gold loan syndication business continued to gain strong traction, achieving disbursements of ₹115+ crore during Q2 FY26. This reflects the growing confidence of our partners and the scalability of our asset-light, technology-driven model."

Recent Partnership

Emerald Finance has partnered with Shreeja Diamond & Jewellery Manufacturing LLP, Mumbai, to offer its Early-Wage-Access program to the latter's employees. This partnership aims to provide instant financial relief to employees by allowing them to access part of their salaries seamlessly throughout the month.

Future Outlook

Emerald Finance appears well-positioned within India's evolving financial landscape, leveraging its technology-led, asset-light model and inclusive financial approach. The company's focus on digital solutions and strategic partnerships may contribute to its continued growth in the coming quarters.

As the Indian financial ecosystem experiences strong tailwinds supported by digital adoption and rising formal credit penetration, NBFCs like Emerald Finance are at the forefront of this evolution, potentially benefiting from the ongoing transformation in the sector.