Emerald Finance Q2 Results Reports ₹5.00 Billion Revenue

Emerald Finance Q2 Results: Emerald Finance's financial results for Q2 2024 show a mixed performance when looking at year-over-year (YoY) comparisons. The company reported total revenue of ₹5.00 billion, which is an increase of 13.84% when compared to the previous quarter (QoQ). However, year-over-year (YoY), the revenue decreased by 16.94%. This means that even though the company made more money than in the previous quarter, it earned less than it did a year ago.

Emerald Finance’s Selling, General & Administrative (SG&A) expenses rose by 3.05% from the first quarter to the second quarter (QoQ), but this represents a significant increase of 19.51% year-over-year (YoY). This increase in expenses may have impacted the revenue growth, despite the profit increase.

Emerald Finance’s operating income increased by 20.16% QoQ and by 14.34% YoY, showing that Emerald Finance is improving its operational efficiency. The net income also rose, with a 20.13% increase from the first quarter and a 13.81% increase year-over-year (YoY). Emerald Finance has shown some positive trends in its quarterly performance, the year-over-year (YoY) figures suggest challenges that need to be addressed.

Here’s a summary of Emerald Finance's Q2 results presented in table format:

Source: Here 

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Emerald Finance Q2 Results

The Emerald Finance table presents the unaudited financial results for the quarter ending on September 30, 2024. It shows various aspects of the company’s income and expenses in lakhs of Indian Rupees (₹). For the quarter, the total income from operations was ₹294.494 lakhs, which includes fees-based income of ₹109.652 lakhs and interest income of ₹184.161 lakhs. Other income added ₹0.681 lakhs to the total revenue.

Emerald Finance’s total expenses for the quarter were ₹101.759 lakhs. This includes employee costs of ₹33.054 lakhs, finance charges of ₹52.218 lakhs, and other expenditures of ₹16.487 lakhs. The profit before exceptional and extraordinary items was ₹192.735 lakhs. After accounting for tax expenses, which were ₹48.508 lakhs, the net profit for the quarter was ₹144.227 lakhs.

Emerald Finance’s paid-up equity share capital increased to ₹3,277.523 lakhs, indicating a solid financial position. The earnings per share (EPS) for the quarter was ₹0.440, showing that the company is generating profit effectively for its shareholders. Overall, the financial results highlight Emerald Finance's positive performance and growth compared to previous periods.

Here's a summarized and formatted version of the Standalone Statement of Un-Audited Financial Results for the Quarter Ended 30.09.2024:
(INR in lakhs except EPS data)

Emerald Finance Stock Metrics

The Emerald Finance’s Market Cap of ₹ 244 crore means that the total value of all its shares is this amount. The Current Price is ₹ 76.5, which is the cost to buy one share right now. The High / Low shows that the share price reached a maximum of ₹ 83.8 and a minimum of ₹ 18.8 during a certain period. The Stock P/E ratio of 40.0 indicates how much investors are willing to pay for each rupee of profit. Book Value of ₹ 18.9 shows the value of the company’s assets per share. 

Here is the information you provided, formatted in a simple table for clarity:

Quarterly Results

The Emerald Finance table shows the company's financial performance for March 2024, June 2024, and September 2024. In March 2024, the company earned ₹3.89 crores in sales, with expenses of ₹1.83 crores, resulting in an operating profit of ₹2.06 crores and an operating profit margin (OPM) of 52.96%. By June 2024, sales increased to ₹4.39 crores, expenses decreased to ₹1.45 crores, leading to a higher operating profit of ₹2.94 crores and an OPM of 66.97%. In September 2024, sales reached ₹5.00 crores, expenses rose slightly to ₹1.50 crores, with the highest operating profit of ₹3.50 crores and an OPM of 70.00%. 

Here’s the table for the quarters of March 2024, June 2024, and September 2024, showing only the particulars:

About Emerald Finance 

Emerald Finance is a growing finance company known for its energetic and young team. They aim to become a top finance company in the world by offering great services and support to their clients. Since they started, they have focused on making a positive difference in their communities. One of their main goals is to support education, which they believe is important for helping people succeed in life. They work with a school called Jeevan Mukt Nishulak Vidyalaya, located near Chandigarh. 

This school helps over 300 students from poor backgrounds. Emerald Finance provides resources like rent, books, and uniforms to make sure every child can attend school. They also help with renovation projects to improve the school’s facilities. Through these efforts, Emerald Finance shows its commitment to social responsibility and helping build a better future for children in need.