Emerald finance Limited delivered exceptional financial performance in Q3 FY26 and 9M FY26, with the company announcing its unaudited results on January 16, 2026. The Chandigarh-based non-banking financial company demonstrated strong growth momentum across its core business segments, particularly in Earned Wage Access and gold loan syndication services.

Outstanding Financial Performance

The company's financial metrics showed remarkable improvement across all key parameters. For the nine-month period ending Q3 FY26, standalone operations delivered impressive results with significant year-on-year growth.

Quarterly performance for Q3 FY26 also demonstrated strong growth trajectory, with standalone net profit reaching ₹3.15 crores compared to ₹1.73 crores in Q3 FY25, representing an 82.14% increase.

Credit Rating Upgrade Strengthens Financial Profile

CRISIL upgraded Emerald Finance's long-term credit rating to BBB-/Stable from BB+/Stable, reflecting the company's improved credit metrics and enhanced financial performance. This upgrade is expected to support a reduction in the cost of funds, potentially enhancing overall profitability in future periods.

Business Expansion and Strategic Initiatives

The company achieved significant operational milestones during Q3 FY26, demonstrating strong execution across its key business verticals:

Earned Wage Access Platform Growth:

• Onboarded over 35 corporates during Q3 FY26
• Total corporate partnerships now exceed 180 since EWA app launch
• Introduced WhatsApp-based withdrawal feature for EWA customers

Gold Loan Syndication Business:

• Disbursements crossed ₹105 crores in December 2025 alone
• Entered partnership with Muthoot Fincorp Limited as Lead Sourcing Agent
• Expanded coverage for Gold Loans and Personal Loans across India

Management Commentary and Market Outlook

Managing Director Sanjay Aggarwal highlighted the company's strong positioning within India's evolving financial ecosystem. He emphasized the sustained traction across both EWA and gold loan syndication businesses, noting that these developments reinforce confidence in scaling the asset-light, technology-led business model.

The management noted that India's financial ecosystem continues experiencing strong tailwinds, supported by digital adoption, rising formal credit penetration, and policy-driven inclusion initiatives. NBFCs and fintechs are positioned at the forefront of this evolution, with Emerald Finance well-positioned through its technology-led approach and inclusive financial services model.

Company Background and Services

Emerald Finance Limited operates as a Chandigarh-based non-deposit taking NBFC, focusing on retail and MSME lending while acting as a loan origination platform for over 40 financial institutions through its subsidiary, Eclat Net Advisors Private Limited. Since receiving its NBFC license in 2015, the company has broadened its offerings to include personal loans, business loans, and Early Wage Access services. For FY25, the company reported consolidated total income of ₹21.63 crores, EBITDA of ₹15.07 crores, and net profit of ₹8.89 crores.

Emerald Finance Limited has announced a strategic partnership with Talentelgia Technologies Pvt Ltd, Chandigarh, to launch an Early-Wage-Access program for employees. The company disclosed this development on January 19, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Partnership Details

The collaboration between Emerald Finance Limited and Talentelgia Technologies focuses on providing innovative financial solutions to employees through salary advance services. The partnership details are outlined below:

Program Features and Benefits

The Early-Wage-Access program is designed to provide immediate financial relief to employees by enabling them to access portions of their earned salaries before the traditional monthly payday. This initiative allows employees to manage their financial needs more effectively throughout the month, providing greater financial flexibility and reducing dependency on external credit sources.

The program operates through a systematic approach where employees can access salary advances, which are subsequently recovered through salary deductions. This model ensures a structured repayment mechanism while providing employees with timely access to their earned wages.

Strategic Vision and Market Expansion

This partnership aligns with Emerald Finance Limited's broader vision to expand its service offerings and cater to retail customers on a larger scale. The company has been actively developing salary advance solutions as part of its growth strategy in the financial services sector.

The initiative involves establishing partnerships with employers to offer short-term loans as salary advances to their workforce. Key aspects of this business model include:

• Direct collaboration with employers
• Short-term loan facilities for employees
• Systematic recovery through salary deductions
• Enhanced employee financial wellness programs

Regulatory Compliance

The partnership announcement was made through proper regulatory channels, with Company Secretary cum Compliance Officer Amarjeet Kaur (Membership No.: F13755) signing the disclosure document. The communication was directed to the Department of Corporate Services at BSE Limited, ensuring full compliance with listing requirements and maintaining transparency with stakeholders.