Emerald Finance Reports 120% Surge in H1 Net Profit, Expands EWA Platform

Emerald Finance Limited has announced robust financial results for the first half of the fiscal year, showcasing significant growth across key metrics. The Chandigarh-based non-banking financial company (NBFC) has reported a substantial increase in profitability and expanded its digital offerings in the Earned Wage Access (EWA) segment.

Financial Highlights

The company's financial performance for H1 and Q2 demonstrates strong year-over-year growth:

Particulars (₹ Crore)	H1 FY26	H1 FY25	YoY Growth
Total Income	9.63	5.45	76.78%
EBITDA	8.34	4.38	90.31%
Net Profit	5.61	2.54	120.61%
EPS (₹)	1.62	0.78	107.61%

For Q2, Emerald Finance reported:

Particulars (₹ Crore)	Q2 FY26	Q2 FY25	YoY Growth
Total Income	4.89	2.94	66.21%
Net Profit	2.98	1.44	106.98%
EPS (₹)	0.86	0.44	95.90%

Operational Developments

EWA Platform Expansion: The company has successfully onboarded 145 corporates onto its Earned Wage Access platform, marking significant progress in this segment.
Mobile App Launch: Emerald Finance introduced the 'Emerald EWA' mobile app on Google Play, enhancing digital accessibility for corporate partners and their employees.
Gold Loan Syndication: The company's gold loan syndication business achieved disbursements exceeding ₹115 crore during Q2, demonstrating strong growth in this area.

Management Commentary

Sanjay Aggarwal, Managing Director of Emerald Finance Limited, commented on the results: "Q2 has been another strong quarter for Emerald Finance, reflecting sustained growth momentum across our key business segments. Our technology-led, asset-light model and inclusive financial approach position us well within India's evolving financial ecosystem."

Corporate Governance Updates

In a separate announcement, Emerald Finance disclosed changes in its internal audit function:

Mrs. Navneet Kaur has resigned as Internal Auditor due to personal reasons.
Ms. Shivangi Sharma, holding a Master's degree in Commerce, has been appointed as the new Internal Auditor.

Additionally, the company has constituted a Corporate Social Responsibility (CSR) Committee and approved its CSR Policy, demonstrating a commitment to social responsibility alongside its financial growth.

Outlook

With its focus on retail and MSME lending, coupled with its innovative EWA platform, Emerald Finance appears well-positioned to capitalize on the growing digital adoption and increasing formal credit penetration in India's financial sector. The company's asset-light model and technology-driven approach may continue to drive growth in the coming quarters.

Investors and stakeholders will likely keep a close watch on the company's ability to maintain this growth trajectory and further expand its digital offerings in the competitive NBFC landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.38%	+10.00%	+9.71%	-15.10%	+4.92%	+839.50%

Emerald Finance Limited , a prominent player in the financial sector, has announced significant developments following its recent board meeting. The company's Board of Directors convened on October 15, 2025, to review and approve several important matters, including financial results and organizational changes.

Financial Results Approval

The board approved the unaudited financial results for the quarter ended September 30, 2025. These results, which include both standalone and consolidated figures, were first reviewed by the Audit Committee before receiving the board's approval.

Key Organizational Changes

Internal Auditor Transition

Aspect	Details
Outgoing Internal Auditor	Mrs. Navneet Kaur
Reason for Departure	Personal reasons
Effective Date of Resignation	October 15, 2025
Incoming Internal Auditor	Ms. Shivangi Sharma
New Auditor's Qualifications	Master's degree in Commerce
Previous Position	Senior Accountant at Emerald Finance Limited
Areas of Expertise	Audit processes, internal control systems, data analysis, financial compliances

The company accepted the resignation of Mrs. Navneet Kaur as Internal Auditor, effective October 15, 2025. Mrs. Kaur's departure was attributed to personal reasons, and the company confirmed that no material reasons were cited for her resignation beyond those mentioned in her letter.

Stepping into the role of Internal Auditor is Ms. Shivangi Sharma, who brings a strong background in finance and accounting to the position. Ms. Sharma, who holds a Master's degree in Commerce, has been serving as a Senior Accountant within the company. Her appointment aims to ensure the continued effectiveness of internal control systems and compliance with applicable laws and regulations.

Corporate Social Responsibility Initiatives

Emerald Finance Limited has taken two significant steps towards strengthening its corporate governance and social responsibility framework:

Constitution of a Corporate Social Responsibility (CSR) Committee
Approval of the company's CSR Policy

These actions demonstrate the company's commitment to integrating social and environmental concerns into its business operations and interactions with stakeholders.

Conclusion

The board meeting, which lasted from 4:00 PM to 8:30 PM, covered a range of important topics. From financial oversight to organizational restructuring and corporate responsibility, Emerald Finance Limited appears to be taking steps to enhance its operational efficiency and corporate governance standards.

Investors and stakeholders will be observing how these changes, particularly the new internal audit leadership and CSR initiatives, may impact the company's performance and reputation in the coming quarters.