{"id":27291,"date":"2024-05-27T10:30:35","date_gmt":"2024-05-27T05:00:35","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2024\/05\/27\/emerald-finance-reports-20-percent-surge-in-fy24-pat\/"},"modified":"2024-05-27T10:30:35","modified_gmt":"2024-05-27T05:00:35","slug":"emerald-finance-reports-20-percent-surge-in-fy24-pat","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2024\/05\/27\/emerald-finance-reports-20-percent-surge-in-fy24-pat\/","title":{"rendered":"Emerald Finance Reports 20 Percent Surge in FY24 PAT"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], May 27:<\/strong> Emerald Finance Limited\u00a0(BSE: EMERALD),\u00a0is a dynamic\u00a0company\u00a0offer a spectrum of banking products and financial services,\u00a0announced its\u00a0Audited\u00a0Financial Results for\u00a0Q4\u00a0FY24.<\/p>\n

Key Financial Highlights<\/strong><\/p>\n

Key Consolidated Financial Highlights FY24<\/p>\n

\u2022\u2002Total Income of\u00a0\u20b9\u00a013.36 Cr, YoY growth of 15.64 %<\/p>\n

\u2022\u2002PBT of\u00a0\u20b9\u00a05.85 Cr, YoY growth of 20.06 %<\/p>\n

\u2022\u2002PAT of\u00a0\u20b9\u00a04.14 Cr, YoY growth of 19.84 %<\/p>\n

\u2022\u2002PAT Margin of 30.97 %, YoY growth of 109 Bps\u00a0<\/p>\n

\u2022\u2002EPS of\u00a0\u20b9\u00a01.37, YoY growth of 19.91 %<\/p>\n

Key Standalone Financial Highlights FY24<\/strong><\/p>\n

\u2022\u2002Total Income of\u00a0\u20b9\u00a07.42 Cr, YoY growth of 37.31 %<\/p>\n

\u2022\u2002PBT of\u00a0\u20b9\u00a04.06 Cr, YoY growth of 45.20 %<\/p>\n

\u2022\u2002PAT of\u00a0\u20b9\u00a03.01 Cr, YoY growth of 44.84 %<\/p>\n

\u2022\u2002PAT Margin of 40.49 %, YoY growth of 210 Bps\u00a0<\/p>\n

\u2022\u2002EPS of\u00a0\u20b9\u00a01.00, YoY growth\u00a0of\u00a044.53%<\/p>\n

Comment on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, \u201cWe are delighted with our financial performance in Q4 & FY24, which reflects the consistent growth and resilience of our core business areas. Our total income and EBITDA have shown commendable year-on-year growth, underscoring our robust financial health and profitability.<\/p>\n

We are also excited about our recent strategic initiatives. The grant of ESOPS is a testament to our commitment to aligning employee interests with long-term corporate goals, fostering a culture of ownership and dedication.<\/p>\n

Our new partnerships and initiatives to launch an Early-Wage-Access Program demonstrate our ongoing efforts to support our workforce and contribute positively to the community. We are one of the very first companies in India to have a tech platform for the EWA program.<\/p>\n

Looking ahead, we remain committed to leveraging our strengths, exploring new opportunities, and delivering sustained growth and value. Our focus will continue to be on innovation, customer-centric solutions, and enhancing operational efficiencies to drive long-term success.\u201d\u00a0<\/p>\n

Highlights for Q4 FY24 (January 2024\u00a0\u2013 March 2024)<\/strong><\/p>\n

\n\n\n\n\n\n
Dividend Announcement\u00a0<\/td>\nThe Board of Directors\u00a0recommended final dividend @ Rs. 0.10 per equity share for the financial year ended 31.03.2024<\/td>\n<\/tr>\n
Grant of Employee Stock Options<\/td>\nCompany Grants\u00a02,30,000\u00a0Employee Stock Options Under EFL ESOP Scheme-2023 Effective March 22, 2024<\/td>\n<\/tr>\n
New Partnerships<\/td>\nCompany\u00a0has recently\u00a0Partnered\u00a0with\u00a0Lamrin\u00a0Tech Skill University,\u00a0Inscol\u00a0Healthcare,\u00a0Vasudev Print Pack,\u00a0Lavanya Medicare SolutionsPrivate Limited\u00a0and IG\u00a0Techserv\u00a0Private Ltd to Launch Early-Wage-Access Program<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], May 27: Emerald Finance Limited\u00a0(BSE: EMERALD),\u00a0is a dynamic\u00a0company\u00a0offer a spectrum of banking products and financial services,\u00a0announced its\u00a0Audited\u00a0Financial Results for\u00a0Q4\u00a0FY24. Key Financial Highlights… <\/p>\n","protected":false},"author":1,"featured_media":27292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[656],"class_list":["post-27291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/27291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=27291"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/27291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/27292"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=27291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=27291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=27291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}