Emerald Finance Limited · BSE:EMERALD
Emerald Finance — H1 FY26 Earnings Presentation
38 slides from Emerald Finance's earnings presentation, Oct 24, 2025
Slide 1: Emerald Finance Limited Q2 & H1 FY26 Investor Presentation
Emerald Finance Limited Q2 & H1 FY26 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Emerald Finance Limited (Emerald, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and sha
Slide 3: Q2 & H1 FY26 Financial & Operational Highlights
Q2 & H1 FY26 Financial & Operational Highlights Performance Overview
Slide 4: Q2 FY26 Consolidated Financial Highlights
Q2 FY26 Consolidated Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 8 7 5 7 79 70 6 4 4 5 5 4 52 2 41 3 2 1 0 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 All Amount in ₹ Cr & Margin in % Investor Presentation 4
Slide 5: Q2 & H1 FY26 Consolidated Profit & Loss Statement
Q2 & H1 FY26 Consolidated Profit & Loss Statement (In ₹ Cr) Particulars Q2 FY26 Q2 FY25 YoY H1 FY26 H1 FY25 YoY Revenue from Operation 6.90 5.00 13.62 9.40 Other Income 0.00 0.01 0.03 0.01 Total Income 6.91 5.01 37.85% 13.65 9.41 45.04% Expenses Employee Cost 1.23 0.98 2.45 1.94 Other Expenses 0.25
Slide 6: Q2 FY26 Standalone Financial Highlights
Q2 FY26 Standalone Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 6 4 5 89 5 83 4 3 3 3 2 61 49 2 1 1 0 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 All Amount in ₹ Cr & Margin in % Investor Presentation 6
Slide 7: Q2 & H1 FY26 Standalone Profit & Loss Statement
Q2 & H1 FY26 Standalone Profit & Loss Statement (In ₹ Cr) Particulars Q2 FY26 Q2 FY25 YoY H1 FY26 H1 FY25 YoY Revenue from Operation 4.89 2.94 9.60 5.44 Other Income 0.00 0.01 0.03 0.01 Total Income 4.89 2.94 66.21% 9.63 5.45 76.78% Expenses Employee Cost 0.35 0.33 0.80 0.68 Other Expenses 0.17 0.17
Slide 8: Q2 FY26 Key Operational Highlights
Q2 FY26 Key Operational Highlights Strong Syndication-led Gold Official Launch of EWA App Expanding Corporate Loan Operations Reach for EWA Coins icon Disbursement: Onboarding: Accountability icon Gold Loans of ₹115+ Cr 145 corporates onboarded as in Q2 FY26 of now Entities: Employee Benefit: Analyt
Slide 9: Management Comment On The Financial Performance Of Q2 & H1 FY26
Management Comment On The Financial Performance Of Q2 & H1 FY26 “Q2 FY26 has been another strong quarter for Emerald Finance, reflecting sustained growth momentum across our key business segments. We have onboarded 145 corporates on our Earned Wage Access platform till date and successfully launched
Slide 10: Empowering Retail & MSME Lending
Empowering Retail & MSME Lending
Slide 11: Emerald: Empowering Financial Growth Through Digital Solutions
Emerald: Empowering Financial Growth Through Digital Solutions Emerald Finance Limited (Emerald, The Company), is a Chandigarh- based non-deposit taking NBFC. The Company focuses on retail and MSME lending and acts as a loan origination platform for over 40 financial institutions through its subsidi
Slide 12: Emerald's Core Metrics Of Performance
Emerald's Core Metrics Of Performance 9+ Trusted Collaborations: Years Of Experience Total 14 Lenders Total 40+ Financial Partners Presence in Disbursement: 200+ Cities ₹ 90 Cr 6,50,000 ₹ 46 Cr Processed In Salary Satisfied Customers Advances Consolidated ₹25,000 FY25 Average Ticket Revenue- ₹22 Cr
Slide 13: Paving The Way In Financial Services: A Transformational Journey
Paving The Way In Financial Services: A Transformational Journey Leadership and Capital Rebranding: Increase: Technological • Raised ₹10 Cr Shubhbank.com was launched Shubhbank.com.com Advancement: through preferential in 2015 maintains top DSA Strategic Partnerships Emerald develops its allotment t
Slide 14: Empowering Customers With Diverse Financial Solutions
Empowering Customers With Diverse Financial Solutions Acts as both a FinTech and an NBFC, Extensive distribution network seamlessly integrating technology with catering to diverse customer financial services. segments. Balances innovation and compliance, Offers a comprehensive suite of financial pro
Slide 15: Enhancing Performance Through Strategic Collaborations
Enhancing Performance Through Strategic Collaborations Lenders Emerald has tied up with following institutions for its Distribution Business Backed by 14 lenders and 30+ financial partners, Emerald is driving growth through strong strategic alliances. Investor Presentation 15
Slide 16: Empowering Growth Through Financial Solutions
Empowering Growth Through Financial Solutions
Slide 17: Unlocking Potential Through Strategic Alliances
Unlocking Potential Through Strategic Alliances Emerald Platform Services: Shubhbank.com Partnership Services: Digital Lending and Neo-Banking Direct Selling Agent for Retail Loans Investor Presentation 17
Slide 18: Shubhbank.com: Comprehensive Financial Services
Shubhbank.com: Comprehensive Financial Services Emerald, driven by a dedicated team, aims to be a world-class leader in finance. It offers a broad range of banking products and services to retail and corporate clients through multiple channels. Trusted client relationships and steady growth undersco
Slide 19: EWA Business Unit Snapshot
EWA Business Unit Snapshot Revolutionizing Employee Financial Access Customer & Tech Edge Strategic Impact • <30 mins onboarding for corporates • Enhances employee retention, with up to 2,000 employees productivity & financial wellness • Digital access via Emerald Web App • Enables cross-sell of (Pl
Slide 20: Emerald's Early Wage Access: A Seamless Financial Solution For Employees
Emerald’s Early Wage Access: A Seamless Financial Solution For Employees • Emerald makes it easy for employees to access their earned salary instead of relying on high- Benefits For The Employer cost alternatives Increase in Enhancement employee • Employer reimburses Emerald on salary day of EWA ava
Slide 21: Leadership Driving Transformation And Excellence
Leadership Driving Transformation And Excellence
Slide 22: Building Success Through Strong Management
Building Success Through Strong Management Mr. Sanjay Aggarwal Mrs. Anubha Aggarwal Mr. Manjeet Kaushik Mr. Akshay Agarwal Promoter & Managing Director Promoter & Director Director Director Education: Education: Education: Education: Graduate in Commerce, DAV College, Bachelor’s Degree in Arts and D
Slide 23: Building Success Through Strong Management
Building Success Through Strong Management Mrs. Sheetal Kapoor Mrs. Gurmeet Kaur Mr. Talin Aggarwal – Chief Technology Chief Financial Officer (CFO) Chief Risk Officer (CRO) Officer (CTO) & Head Strategic Partnerships With an MBA in Finance and a CMA, Mrs. Mrs. Gurmeet Kaur has over 30 years of Hold
Slide 24: Unlocking Opportunities In India's Fintech Landscape
Unlocking Opportunities In India’s Fintech Landscape
Slide 25: Rise Of NBFCs: Transforming Finance Landscape
Rise Of NBFCs: Transforming Finance Landscape India’s Economic Boom Fueling Credit Market Expansion o New distribution channels such as bank assurance, online distribution and Non-Banking Financial Companies (NBFCs) have widened the reach and reduced operational costs. o Two-thirds of India’s popula
Slide 26: The Rapid Growth Of India's Fintech And Digital Lending Markets
The Rapid Growth Of India's Fintech And Digital Lending Markets India's FinTech Ecosystem Poised for Explosive Growth: Projected to Constitute 60% of Total Market by 2030 • India ranks 3rd globally in fintech ecosystem and is one of the fastest- growing fintech markets. • India is on track to become
Slide 27: Delivering Value Through Financial Strength
Delivering Value Through Financial Strength
Slide 28: Key Consolidated Financial Highlights
Key Consolidated Financial Highlights (In ₹) (In ₹) (In %) Total Income EBITDA Net Profit EBITDA % Net Profit % 15 22 70 53 9 48 13 12 7 6 41 4 30 31 3 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 All Amount in ₹ Cr & Margin in % Investor Presentation 28
Slide 29: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (In ₹ Cr) Particulars FY23 FY24 FY25 Revenue from Operation 11.51 13.32 21.57 Other Income 0.04 0.04 0.06 Total Income 11.55 13.36 21.63 Expenses Employee Cost 1.08 2.08 3.82 Other Expenses 4.87 4.26 2.75 Total Expenditure 5.95 6.34 6.57 EBIDTA 5.60 7.02 15.07 In
Slide 30: Consolidated Balance sheet
Consolidated Balance sheet (In ₹ Cr) Equities & Liabilities FY23 FY24 FY25 Assets FY23 FY24 FY25 Equity 30.14 30.14 34.54 Non Current Assets Other Equity 13.29 16.74 49.99 Fixed Assets 0.26 0.50 0.68 Net Worth 44.27 47.93 86.03 Non Current Investment 0.00 0.05 0.05 Minority Interest 0.83 1.04 1.50 O
Slide 31: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (In ₹ Cr) Particulars FY23 FY24 FY25 Cashflow From Operations 2.33 -11.29 -13.35 Cashflow From Investments -0.17 -0.03 -0.26 Cashflow From Financing 2.41 7.74 28.19 Net Cash Flow 4.57 -3.58 14.58 Opening Cash Balance 1.89 6.55 2.97 Closing Cash Balance 6.45 2.97 17.5
Slide 32: Revenue Break-up (Consolidated)
Revenue Break-up (Consolidated) FY25 In % FY24 In % FY23 In % 48 48 45 52 52 55 Interest Income Fees Based Income (In ₹ Cr) Particulars FY25 FY24 FY23 Interest Income 10.32 6.42 5.21 Fees Based Income 11.26 6.91 6.30 Total 21.58 13.33 11.51 Investor Presentation 32
Slide 33: Continuing The Growth Momentum
Continuing The Growth Momentum
Slide 34: Accelerating Progress With Digital Solutions
Accelerating Progress With Digital Solutions Global Insights and Adoption of Emerging Local Adaptation Technologies • Studying global industry leaders to • Constantly exploring the latest adapt and implement best practices technological advancements to integrate tailored for the Indian market. into
Slide 35: Scaling New Heights With Operational Efficiency
Scaling New Heights With Operational Efficiency Business Growth Robust Technology Infrastructure • High market demand for the EWA program • Ability to onboard a corporate employer with up to • 145+ clients onboarded till date 2,000 employees within 30 minutes Customer Base Expansion Expansion Networ
Slide 36: Investment Rationale
Investment Rationale Consistent Financial Growth Robust Partner Ecosystem • Revenue grew to ₹21.57 Cr and Net Profit to ₹8.89 Cr • Tie-ups with 40+ financial institutions via in FY25, backed by a scalable business model. subsidiary enhance origination capabilities without direct balance sheet stress
Slide 37: Stock Data
800000 600000 1200000 1400000 0 1000000 200000 400000 14-Jan-20 04-Feb-20 25-Feb-20 Source BSE Source – NSE` 17-Mar-20 07-Apr-20 28-Apr-20 Face Value (₹) 19-May-20 Share Price (₹) Investor Presentation 09-Jun-20 Stock Data 30-Jun-20 21-Jul-20 11-Aug-20 52 Week High-Low (₹) 01-Sep-20 22-Sep-20 13-Oct
Slide 38: Thank You
Thank You Emerald Finance Limited Kirin Advisors Private Limited S.C.O. 7, Industrial Area Phase II, 713-B, Lodha Supremus II, Chandigarh (India), 160002 Wagle Estate, Thane West – 400 604. Email: info@emeraldfin.com Email: info@kirinadvisors.com Phone: + 91-172-4603859 Phone: 022 4100 2455 Website: