Multibagger Penny Stock Under Rs 100 Jumps After Standalone Net Profit Grew by 104% YoY in 9MFY26

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Multibagger Penny Stock Under Rs 100 Jumps After Standalone Net Profit Grew by 104% YoY in 9MFY26

The stock is up by 15.3 per cent from its 52-week low of Rs 26.50 per share and has given multibagger returns of 550 per cent in 5 years.

Emerald Finance Limited (BSE: EMERALD) has reported a stellar financial performance for the nine-month period ending FY26, highlighted by a 104 per cent year-on-year growth in standalone net profit. This robust growth was primarily fueled by the company's flagship Earned Wage Access (EWA) platform and its gold loan syndication business. Reflecting this strengthened financial health, CRISIL has upgraded the company's long-term credit rating from BB+ to BBB-/Stable. This upgrade is expected to lower the cost of funds and further enhance profitability as the company scales its asset-light, technology-led model.

The third quarter of FY26 saw significant operational milestones, particularly within the EWA segment, where the company onboarded over 35 new corporates, bringing the total to more than 180. To improve user experience, Emerald Finance introduced a WhatsApp-based withdrawal feature, making it easier for eligible employees to access their wages. Simultaneously, the gold loan syndication business achieved strong momentum, with monthly disbursements exceeding Rs 105 crore in December alone.

Strategically, the company is deepening its market reach through a new partnership with Muthoot Fincorp Limited, acting as a Lead Sourcing Agent for gold and personal loans across India. This collaboration, combined with the tailwinds of digital adoption and rising credit penetration, positions Emerald Finance as a key player in India's evolving fintech landscape. These initiatives build upon a solid foundation from FY25, where the company reported a consolidated total income of Rs 21.63 crore and a net profit of Rs 8.89 crore.

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About the Company

Emerald Finance Limited, previously known as Emerald Leasing Finance and Investment Company Limited, is a Chandigarh-based non-deposit-taking NBFC. It focuses on retail and MSME lending and acts as a loan origination platform for over 40 financial institutions through its subsidiary, Eclat Net Advisors Private Limited. Since receiving its NBFC license in 2015, Emerald has broadened its offerings to include personal loans, business loans and Early Wage Access. Emerald's loan origination platform collaborates with numerous financial institutions, serving thousands of customers monthly. Recently, it developed Emerald Early-Wage-Access, a fully digital product providing short-term loans via salary advances, in partnership with employers.

On Thursday, shares of Emerald Finance Ltd gained 8 per cent to Rs 73.78 per share from its previous closing of Rs 68.32 per share. The stock’s 52-week high is Rs 148.40 per share and its 52-week low is Rs 64 per share. The company has a market cap of over Rs 250 crore. The stock is up by 15.3 per cent from its 52-week low of Rs 26.50 per share and has given multibagger returns of 550 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.