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.

Emerald Finance Limited has announced a strategic partnership with Shreeja Diamond & Jewellery Manufacturing LLP to introduce an Early-Wage-Access program, marking a significant step in the company's expansion into retail customer services.

Key Highlights of the Partnership

• Program Objective: Provide instant financial relief to employees
• Mechanism: Allows access to portions of salaries throughout the month
• Repayment Method: Collected through salary deductions

Product Structure

The Early-Wage-Access program is structured as follows:

Strategic Alignment

This partnership aligns with Emerald Finance's vision to:

1. Expand its product offerings
2. Serve a broader retail customer base
3. Provide innovative salary advance solutions

Regulatory Compliance

Emerald Finance Limited has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Perspective

Amarjeet Kaur, Company Secretary cum Compliance Officer of Emerald Finance Limited, stated in the regulatory filing that this partnership aims to offer "instant financial relief to the employees by allowing them to access part of their salaries seamlessly throughout the month."

This innovative program represents a significant move in the fintech space, potentially addressing the growing demand for flexible financial solutions in the workplace. By partnering with Shreeja Diamond & Jewellery Manufacturing LLP, Emerald Finance is positioning itself at the forefront of employee financial wellness initiatives.

As the program rolls out, it will be interesting to observe its impact on employee financial health and its potential to set a new standard in the industry for salary advance solutions.