Multibagger NBFC stock Emerald Finance share price hits upper circuit for second straight session after Q2 results

Stock Market Today: Multibagger NBFC stock Emerald Finance share price gained 5% during intraday trade on Thursday, October 10 to hit its upper circuit limit. The stock was locked in the upper circuit for the second day after the September quarter (Q2) results.

Emerald Finance share price opened at ₹76.46 on the BSE on Thursday, 5% above its previous close of ₹74.97. 

Emerald Finance share price has been gaining regularly since October 3, 2024, and has gained more than 10% ever since. The stock has risen more than five-folds (almost 400%) in the last one year, giving multibagger returns to investors.

The company recently declared results for Q2 FY25 and the first half of FY25 that lifted investor confidence.

Emerald Finance's consolidated net profit for the September quarter stood at ₹2.06 core, up 138.97% over the year-ago quarter. On a standalone basis, the net profit grew 89.96% year-on-year (YoY).

The total consolidated income stood at ₹5.01 crore, a rise of 80.32% over the year-ago quarter.  Earnings before interest tax depreciation and amortisation (EBITDA) surged 155.54% to ₹3.51 crore on a YoY basis while EBITDA margins improved significantly to 70.01% over 49.41% reported during the same quarter last fiscal.

The robust performance during the second quarter of FY25 and the first half of the fiscal year as per the company is indicative of its growth plan, which is being executed well. The company aims to increase its portfolios for retail lending and MSME financing. 

Sanjay Aggarwal, Managing Director of Emerald Finance in a statement said, “We are encouraged by the substantial YoY growth in Total Income, EBITDA, and PAT, which underscores our ability to penetrate new markets and serve a broader customer base.”

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