Q3 2026 Emerald Finance Ltd Earnings Call Transcript
Key Points
- Emerald Finance Ltd (BOM:538882) reported a significant increase in financial performance, with a 68% growth in stand-alone income and a 104% rise in net profit for the first nine months of FY26.
- The company has successfully launched a mobile app and is one of the few finance companies in India to offer disbursement via WhatsApp, enhancing its digital capabilities.
- CRISIL upgraded Emerald Finance Ltd's investment grade to BBB- from BBB+, which is expected to facilitate easier and cheaper access to funds.
- The company has achieved a syndication of over INR105 crores in gold loans in December alone, indicating strong performance in this segment.
- Emerald Finance Ltd maintains a low historical NPA rate of 0.4% to 0.5%, reflecting prudent risk management and underwriting practices.
- The company fell short of its target to onboard 250 EWA clients, reaching only 180 due to tightened credit norms amidst market turbulence.
- There was a reported NPA of INR26 lakhs in Q3, attributed to liquidity issues faced by one corporate client.
- Despite the growth in EWA disbursements, the segment only contributes 4.5% to the consolidated revenue, indicating limited impact on overall financials.
- The company faces challenges in rapidly expanding its EWA business due to low market awareness and turbulent economic conditions.
- Emerald Finance Ltd's growth strategy may be constrained by cautious credit policies and the need to maintain low delinquency rates in a volatile market.
Ladies and gentlemen, good day, and welcome to Q3 and 9M FY26 Results Conference Call of Emerald Finance Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ronak. Thank you, and over to you.
Thank you. On behalf of Kirin Advisors, I welcome you all to the conference call of Emerald Finance Limited. From the management team, we have Mr. Sanjay Aggarwal, Managing Director; Mrs. Gurmeet Kaur, Chief Risk Officer; and Mr. Talin Aggarwal, Head of Business Development. Over to you, sir. Thank you.
--2026 Earnings call for Emerald Finance Limited. With me is Ms. Gurmeet, our Chief Risk Adviser; and Talin, who is the Chief Business Advisor and heading the tech-tech team. On behalf of the management team, I extend my sincere appreciation to all our stakeholders, investors, analysts for joining us today. We have concluded first nine months of FY26 on a
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