Un-audited Financial Results of the Company for the Quarter ended June 30, 2025;
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LKP Finance Limited reported Q1 FY26 unaudited results with a qualified opinion from new statutory auditor PARV & Co. Total revenue from operations fell sharply to Rs 1,103.45 lakhs from Rs 2,030.10 lakhs in the same quarter last year, a drop of around 46%. Profit after tax declined to Rs 470.23 lakhs (vs Rs 1,313.71 lakhs YoY), with basic EPS falling to Rs 3.74 from Rs 10.45. The auditor flagged missing balance confirmations from two lenders totalling Rs 3,596.65 lakhs, and a garnishee order from the DRT Bangalore claiming Rs 2,500 lakhs plus interest tied to legacy borrowings of Rs 2,122.40 lakhs from Kingfisher Finvest, with mutual funds of Rs 433.70 lakhs already attached. The company has also changed its statutory auditor mid-year, with the predecessor having issued qualified conclusions on prior results as well.
The second consecutive qualified audit opinion, sharp YoY profit fall, and unresolved DRT litigation over legacy Kingfisher-linked borrowings are clear red flags for shareholders and could weigh on the stock. The auditor change in the middle of the year further adds to governance and disclosure concerns.