Submission of Press Release
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Emerald Finance Limited, a Chandigarh-based NBFC, has announced a strategic partnership with Singapore-based Baya PTE Limited (through its Indian subsidiary) to strengthen bill discounting services for SMEs. The initiative targets SMEs supplying to large corporates such as JSW Steel, JBC Services, Delhivery, PVR, Travel Plus, and SISL, helping them with faster working capital access and cash flow management. The company sees strong growth potential in the bill discounting segment as part of its long-term strategy to expand in SME lending. For FY24, Emerald reported Total Income of ₹13.36 Cr, EBITDA of ₹7.06 Cr, and PAT of ₹4.14 Cr on a consolidated basis.
This international partnership expands Emerald's product offering into invoice discounting for SMEs tied to large corporate supply chains, potentially driving revenue diversification beyond its core Earned Wage Access and personal loan businesses. The stock may see positive sentiment given the cross-border tie-up and entry into a high-growth segment, though execution risks remain.