Emerald Finance Q1 FY26: India’s Smallest NBFC With the Biggest Flex – 0 NPAs and 138% Profit Growth?

1. At a Glance

A microcap NBFC that lent Rs. 6.71 Cr last quarter and still made it to BSE headlines. With zero NPAs, 47% profit CAGR, and FII interest kicking in—Emerald Finance is either a hidden gem or a hyped crystal ball.

2. Introduction with Hook

Imagine a Maruti 800 overtaking Lamborghinis in a rally. That’s Emerald Finance for you—tiny, persistent, and now… catching serious speed.

• Q1 FY26 Net Profit: ₹3.19 Cr — up 138% YoY
• Last 3Y profit CAGR: 53%
• TTM OPM: 71%
• Shareholders in 2022: 1,707 → in 2025: 9,883

Welcome to India’s most scalable 6-crore quarterly revenue story.

3. Business Model (WTF Do They Even Do?)

USP:
No NPAs reported in 9M FY25. You read that right. ZERO.

4. Financials Overview

Revenue & Profit (Consolidated)