Unaudited Financial Result for the quarter ended 30/06/2025
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LKP Finance Ltd reported Q1 FY26 total revenue from operations of Rs 1,103.45 lakh, down about 46% from Rs 2,030.10 lakh in Q1 FY25. Net profit for the quarter stood at Rs 470.23 lakh (EPS Rs 3.74), a sharp drop of roughly 64% from Rs 1,313.71 lakh (EPS Rs 10.45) a year earlier. The statutory auditor, M/s PARV & Co, issued a Qualified Opinion because the company failed to obtain balance confirmations from two lenders totaling Rs 3,596.65 lakh included in borrowings. Additionally, a garnishee order from the DRT Bangalore claims Rs 2,500 lakh (plus interest) against a Rs 2,122.40 lakh borrowing linked to Kingfisher Finvest India Ltd; the company has contested it, deposited Rs 1,126.22 lakh, and had Rs 433.70 lakh of mutual fund investments attached by the Recovery Officer, with the matter pending at DRAT Chennai. Exceptional items of Rs 1,426.44 lakh were booked in Q4 FY25, and there is evidence of an auditor change (a predecessor auditor reviewed the FY25 and Q1 FY25 numbers).
The qualified audit opinion, unresolved lender confirmations, and ongoing Kingfisher-linked garnishee litigation raise serious governance and asset-quality concerns that could weigh on the stock and investor confidence, despite the company still reporting a positive quarterly profit.