This COMPANY anticipates its BOOK SIZE TO GROW BY 8 to 10 TIMES over the next 3 years.
A Thread...🧵
Please bookmark and retweet:) x.com
A Thread...🧵
Please bookmark and retweet:) x.com
✍️Company Description
Emerald Finance Limited 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. x.com
Emerald Finance Limited 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. x.com
🔸Key Metrics
Stock Name: Emerald Finance Limited
Sector: NBFC
CMP: Rs. 113
Market Cap: 371Cr
Promoter Holding: 62.4%
FY24Revenue: 13.3Cr (v/s 11.5Cr in FY23)
FY24PAT: 4.1Cr (v/s 3.5Cr in FY23)
Q2FY25Revenue: 5Cr (v/s 3.2Cr in Q2FY24)
Q2FY25PAT: 2.1Cr (v/s 1 Cr in Q2FY24) x.com
Stock Name: Emerald Finance Limited
Sector: NBFC
CMP: Rs. 113
Market Cap: 371Cr
Promoter Holding: 62.4%
FY24Revenue: 13.3Cr (v/s 11.5Cr in FY23)
FY24PAT: 4.1Cr (v/s 3.5Cr in FY23)
Q2FY25Revenue: 5Cr (v/s 3.2Cr in Q2FY24)
Q2FY25PAT: 2.1Cr (v/s 1 Cr in Q2FY24) x.com
The Company has developed Emerald Early-WageAccess, a fully digital product providing short-term loans via salary advances, in partnership with employers. Emerald partners with employers to provide on demand access to earned salary to their employees. By this, both the employers and employees are benefitted.
Emerald platform services also offer digital lending and neo-banking. It acts as both a FinTech and an NBFC, seamlessly integrating technology with financial services. Company has even developed advanced technological capabilities for efficient digital lending operations. It even offers a comprehensive suite of financial products for businesses and individuals.
Shubhbank.com is the company’s direct selling agent for retail loans. It offers a broad range of banking products and services to retail and corporate clients through multiple channels. Company provides a wide range of loans including Personal Loan, Business Loan, Home Loan, Machinery Loan etc.
Company gets its revenue mainly from 2 streams – Interest Income and Fees Based Income and in the FY24, the distribution of the income has been in a way wherein 52% of the revenue came from Fees Based Income and the rest 48% from Interest Income. x.com
Company has collaborated with various financial partners for its distribution including HDFC Bank, Kotak Mahindra bank, IDFC First Bank, Federal Bank, Bank of Baroda, Axis Bank, SBI, Canara Bank etc. x.com
🎯Future Targets
1⃣Company is targeting a transacting customer base of 10,000 by the end of FY25 and 50,000 by the end of FY26 and it is also targeting 100 corporate clients by the end of FY25.
2⃣Company is also looking forward for expanding its network.
1⃣Company is targeting a transacting customer base of 10,000 by the end of FY25 and 50,000 by the end of FY26 and it is also targeting 100 corporate clients by the end of FY25.
2⃣Company is also looking forward for expanding its network.
3⃣Company is targeting business growth wherein it has already added 15 corporates and additional 10 corporates in the onboarding pipeline for the next 2 months. x.com
📊Q2FY25Highlights
1⃣For the quarter ending Sep-24, Sales up 54% YoY from INR 3.24 Cr in Sep-23 to INR 5 Cr in Sep-24. Similarly, Net Profit up 2.2x from INR 0.95 Cr to INR 2.06 Cr.
2⃣Company has partnered with Cadchem Laboratories, to offer its Early-Wage-Access program to the employees of the Company.
1⃣For the quarter ending Sep-24, Sales up 54% YoY from INR 3.24 Cr in Sep-23 to INR 5 Cr in Sep-24. Similarly, Net Profit up 2.2x from INR 0.95 Cr to INR 2.06 Cr.
2⃣Company has partnered with Cadchem Laboratories, to offer its Early-Wage-Access program to the employees of the Company.
3⃣Company has partnered with Digikore Studios, to offer its Early-Wage-Access program to the employees of the Company.
Disclosure⚡️This is NOT a BUY/SELL/HOLD recommendation. Please DO YOUR OWN DUE DILIGENCE.
Loading suggestions...