Emerald Finance Reports Strong Q2 FY26 Results with 66% Revenue Growth and Expanding EWA Business

Emerald Finance Limited, a leading financial services company, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics and continued expansion of its Early Wage Access (EWA) business.

Financial Highlights

The company's standalone performance for Q2 FY26 was particularly impressive:

Metric	Q2 FY26	YoY Growth
Total Income	5.00	66%
Net Profit	3.00	100%+

On a consolidated basis, Emerald Finance also demonstrated strong growth:

Metric	Q2 FY26	YoY Growth
Total Income	7.00	38%
Net Profit	4.00	75%

Early Wage Access (EWA) Business Momentum

Emerald Finance's EWA business continues to show strong momentum:

Monthly disbursements reached INR 6.00 crores, growing at 15-20% month-on-month
The company aims to achieve INR 13.00-15.00 crores in monthly disbursements by the end of the fiscal year
145 corporates have been onboarded, with 120 actively using the service
The EWA program covers 17,000-18,000 employees, with 2,400 monthly unique borrowers
Management targets onboarding 250 corporates by the end of FY26

Gold Loan Syndication Growth

The company's gold loan syndication business has shown significant progress:

Processed over INR 115.00 crores in Q2 FY26
This represents a substantial increase from INR 80.00 crores in the previous quarter

Asset Quality

Emerald Finance maintains a strong focus on asset quality:

NPAs remain minimal
One business loan case of INR 30,000 was written off
Two EWA cases totaling INR 14,000 are under recovery

Operational Developments

Launched the Emerald EWA mobile app on Google Play
Maintains EBITDA margins around 75-80%
Established a new office dedicated to the EWA team

Strategic Partnership

Emerald Finance has recently partnered with Ebix Travels Pvt Ltd, Delhi, to offer its Early-Wage-Access program to the company'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.

Management Commentary

Sanjay Aggarwal, Managing Director of Emerald Finance Limited, commented on the results: "We concluded the first half of FY '26 on a decent note with healthy financial growth, operational progress, and expansion across various verticals. Our EWA and gold loan syndication business has continued to gain traction, supported by rising digital adoption in our company."

The company remains committed to its growth strategy while maintaining a cautious approach to lending in the current market conditions. Management expressed confidence in sustaining growth momentum and building Emerald Finance into a scalable and resilient financial enterprise.

As Emerald Finance continues to expand its EWA business and strengthen its position in the financial services sector, investors and stakeholders will be watching closely to see if the company can maintain its impressive growth trajectory in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.34%	-5.43%	-11.30%	-10.16%	-31.92%	+706.28%

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.