Stock Market today: Multibagger NBFC stock Emerald Finance Ltd share price gained 5% during intraday trades on Thursday to hits upper circuit. Emerald Finance share price hit upper circuit for second straight session after Q2 results 2024
The Emarald Finance Share price opened at ₹76.46 on the BSE on Thursday , 5% higher over the previous close of ₹74.97. The 5% mark at rs 76.46 also remained the upper price band of Emarald Finance Share price for the day .
Emarald Finance Share price has been gaining regularly since 3 October 2024 close and has gaind more than 10% ever since. Emarald Finance Share price having risen more than almost 5 folds (almost 400%) in last one year and thereby given Multibagger returns to the investors.
Emarald Finance Ltd recently has declared its July-Sepember’2024 (Q2FY25) and first half FY25 performance that has lifted investor confidence.
Emarald Finance consolidated net profit for the September quarter at ₹2.06 core had risen 138.97% over the year ago quarter. At standalone level also the net profit had grown 89.96 % over the same quarter last year.
The total consolidated Income at ₹5.01 Crore had risen 80.32% over the year ago quarter. The Emarald Finance earnings before interest tax depreciation and amortisation (Ebitda) at ₹3.51 crore growing 155.54% over the year ago quarter meant that Emerald Finance Ebitda margins at 70.01 % improved significantly over consolidated Ebidta margins of 49.41% reported during the Septemeber’2023 quarter.
