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The Print
26-05-2025
- Business
- The Print
Emerald Finance Reports 246% YoY Surge in Q4 FY25 Net Profit
Mumbai (Maharashtra) [India], May 24: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, announced its Audited Financial Results for Q4 FY25 and FY25. Q4 FY25 Standalone Financial Highlights – Total Income of Rs 4.60 Cr, YoY growth of 127.45% – EBITDA of Rs 3.60 Cr, YoY growth of 195.44% – Net Profit of Rs 2.16 Cr, YoY growth of 246.21% – Net Profit Margin (%) of 47.03%, YoY growth of 1,613 Bps – EPS of Rs 0.63, YoY growth of 202.42% FY25 Standalone Financial Highlights – Total Income of Rs 13.47 Cr, YoY growth of 81.44% – EBITDA of Rs 10.82 Cr, YoY growth of 113.08% – Net Profit of Rs 6.44 Cr, YoY growth of 114.36% – Net Profit Margin (%) of 47.83%, YoY growth of 735 Bps – EPS of Rs 1.87, YoY growth of 87.16% Q4 FY25 Consolidated Financial Highlights – Total Income of Rs 6.50 Cr, YoY growth of 66.44% – EBITDA of Rs 4.53 Cr, YoY growth of 117.02% – Net Profit of Rs 2.65 Cr, YoY growth of 132.99% – Net Profit Margin (%) of 40.80%, YoY growth of 1,165 Bps – EPS of Rs 0.77, YoY growth of 103.45% FY25 Consolidated Financial Highlights – Total Income of Rs 21.63 Cr, YoY growth of 61.94% – EBITDA of Rs 15.07 Cr, YoY growth of 114.56% – Net Profit of Rs 8.89 Cr, YoY growth of 114.83% – Net Profit Margin (%) of 41.09%, YoY growth of 1,012 Bps – EPS of Rs 2.57, YoY growth of 87.40% Comment on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, 'FY25 was a year of strong progress for Emerald Finance, marked by robust financial performance and strategic momentum. The year concluded with a solid Q4, as income grew across interest and fee-based streams, and margins improved on the back of operational efficiency and disciplined cost control. We maintained a Zero NPA throughout the year, underscoring the strength of our credit underwriting and risk management practices. Our EWA platform gained significant traction in Q4, with 62 corporate clients signed during the financial year and onboarded by year-end. This reinforces the increasing relevance of our salary advance solution in today's dynamic workforce environment. We are well-positioned amid India's fintech transformation, driven by rising credit demand, financial inclusion, and digital adoption. Our strategy focuses on retail and MSME lending, digital innovation, and strong partnerships. We aim to scale our EWA platform, expand SME and invoice discounting services, and grow across 200+ cities, targeting 250 corporate partners by March 2026 with our digital-first approach. Backed by experienced leadership and investors, we remain committed to delivering scalable, inclusive financial solutions that meet India's evolving needs.' Q4 FY25 Key Business Highlights of Emerald Finance Limited Fund Raise – Allotted 24 secured, unlisted, unrated, redeemable non-convertible debentures at Rs5,00,000 each, aggregating to Rs1.20 Cr, on a private placement basis. – Allotted 7,65,090 equity shares at Rs131 each (face value Rs10, premium Rs121), increasing fully paid-up equity share capital from Rs33.78 Cr to Rs34.54 Cr. Investors include promoters, Saint Capital Fund (Mauritius), Mr. Rajesh Jain (Founding Partner, KPMG in India & Africa), and Mr. Vishnu Sultania (Advisor to the UN, among India's top 100 CFOs), reinforcing confidence in the company's growth and digital lending strategy. Added New Clients for Early-Wage Access program – Onboarded 20 corporates in Q4 FY25 for Early Wage Access, a salary advance solution that enables employees to access a portion of their earned salary throughout the month, with recovery via salary deduction. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Time of India
18-05-2025
- Time of India
50 sovereigns of gold, 1.2 lakh stolen from house near Pollachi
Coimbatore: Unidentified people broke into a house at Bharathiyar Nagar in Achipatti near Pollachi here on Saturday and made away with gold ornaments weighing 50 sovereigns, some silver articles and Rs1.20 lakh in cash. According to the Pollachi Taluk police , the house belongs to S Muthukumarasamy, a farmer. "It's a new house and some work is still going on. Around 7pm on Friday, Muthukumarasamy locked the house after construction workers left for the day and went to his farmhouse at Pethanayakkanur village near Anaimalai along with his family members," a police officer said. Muthukumarasamy and his family members returned to the new house around 2.30pm on Saturday and found that the front door lock of the house was broken open, the officer said. "They went inside and found that the gold ornaments and cash, which were kept in a wooden bureau, were missing." Muthukumarasamy immediately alerted the Pollachi Taluk police, who pressed forensic experts into service. Police have registered a case and formed two special teams to nab the burglars. "The house is not under the surveillance of CCTV cameras. We have begun collecting CCTV footage from places in and around Achipatti village to zero in on suspects," the officer said.
Business Recorder
30-04-2025
- Business
- Business Recorder
OMCs and dealers: Body reviews matter of revision in margins
ISLAMABAD: The 8th meeting of the Standing Committee on Energy (Petroleum Division) of the National Assembly was held on Tuesday in the Parliament House, Islamabad. The meeting was chaired by Syed Mustafa Mehmood, MNA. At the outset, the committee confirmed the minutes of its previous meeting held on 27th February 2025 and welcomed the Federal Minister for Energy (Petroleum Division) for his presence. The Ministry of Energy (Petroleum Division) presented a detailed report on the implementation status of the committee's previous recommendations. During the briefing, several queries were raised by the members and were addressed by the minister along with the concerned officers. A comprehensive presentation was also made on the concerns of the Pakistan Petroleum Dealers Association (PPDA). The committee also reviewed the matter of revision in margins for Oil Marketing Companies (OMCs) and dealers, in light of the ECC's decision dated 6th September 2023, based on PSO's operating cost. Representatives of the PPDA highlighted the current government-provided margins—Rs1.20 per litre on petrol and Rs2.55 per litre on diesel—stating that several operational costs are not accounted for in the current structure. The issue regarding the conversion of CNG filling stations into petrol pumps was discussed, and the minister clarified that such cases would be examined individually under the existing petroleum policy. However, he added that there would be no immediate revision in the policy. The committee decided to defer further deliberation on this matter to its next meeting. Addressing concerns regarding fuel quality, the minister pointed out challenges related to GST and LPG margins. He stated that OGRA is empowered to oversee these matters and that relevant issues would be addressed in the upcoming budget. In response to a question, the minister referred to a survey conducted by Mari Petroleum Company Limited in 2003-04 in parts of Balochistan and assured that OGRA would brief the committee in the next meeting. The OGRA chairman informed that petroleum prices are set every 15 days with ECC's approval, with 50 per cent of petroleum products being sold by PSO, and prices based on market demand and supply. Committee members questioned why petroleum prices remain the same across the country despite geographical and logistical differences. The minister assured that any corrupt practices in price determination would be investigated. It was decided that the PPDA's issues, particularly those falling under OGRA's jurisdiction, would be discussed in detail at the next meeting. The Minister advised the PPDA to submit fact-based recommendations to OGRA for further evaluation and onward submission to the Cabinet. An incident involving a fire caused by gas exploration in a housing society in Karachi was also discussed. The minister stated that a committee would be formed at the ministry level to investigate the matter. He noted that the restructuring of the mineral sector could significantly contribute to national income, and a separate committee was being formed to address systemic issues in this area. In response to a question, the minister clarified that there are no current plans to merge the Survey of Pakistan with the Geological Survey of Pakistan, but the committee directed the ministry to submit a detailed brief on the matter. Issues related to mines and minerals were also discussed at length. The committee resolved to convene a dedicated meeting to thoroughly examine these issues and develop recommendations. Additionally, the committee sought province-wise data on value addition and volume of minerals and gemstones, stressing that the matter should be discussed with provincial governments at the federal level. The committee requested a written report from the Government of Sindh on the aforementioned Karachi fire incident. On the issue of smuggling, the committee recommended digitalisation of systems to improve control and requested details of smuggled items at border areas, along with information on Iranian oil exports to other countries, to be submitted at the next meeting. The meeting was attended by members of the National Assembly including Sardar Ghulam Abbas, Anwarul Haq Chaudhary, Mian Khan Bugti, Haji Jamal Shah Kakar, Syed Naveed Qamar, Asad Alam Niazi, Salahuddin Junejo, Muhammad Moin Aamer Pirzada, Gul Asghar Khan, Muhammad Nawaz Khan, Mujahid Ali, and Shahid Ahmad. The concerned officers of the ministry and position holders of PPDA were also present. Copyright Business Recorder, 2025
