Financial result for the quarter ended 31st December, 2025
GYFTR · price
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LKP Finance reported a Q3 FY26 standalone profit after tax of Rs 590.47 lakh, swinging from a loss of Rs 1,146.55 lakh in the same quarter last year, on total income of Rs 11,164.31 lakh versus a loss-making base of Rs -1,443.34 lakh. The turnaround is largely driven by Rs 2,122.40 lakh of 'other income' from writing back a 12-year-old loan liability related to Kingfisher Finvest, and by the company's new gift voucher business which generated Rs 9,603.82 lakh in operating revenue this quarter. For the 9-month period, PAT stood at Rs 1,563.89 lakh vs Rs 1,686.90 lakh last year. The company has applied to RBI to surrender its NBFC licence, is changing its name to Gyftr Limited, and raised funds via a rights issue of 27.93 lakh shares at Rs 450 each in October 2025. The statutory auditor has issued a qualified review report citing the pending Kingfisher garnishee matter and an emphasis of matter on the NBFC exit.
The headline profit recovery is largely optical — boosted by a one-time loan write-back and a new gift voucher revenue line — so core earnings quality is weak. The auditor's qualified opinion and ongoing Kingfisher litigation (Rs 2,500 lakh claim with Rs 1,126 lakh already deposited under protest) remain a real overhang for shareholders. The rebranding to Gyftr and shift away from NBFC business signal a new growth story, but the stock is unlikely to see sustained re-rating until the gift voucher segment shows organic, recurring profitability.