The Meeting of the Board of Directors of the Company was convened today i.e. Thursday, August 14, 2025, at 12:00 PM at the registered office of the company. The meeting commenced at 12:00 ....
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The Board of Directors of Kanungo Financiers Ltd met on August 14, 2025, and approved the unaudited financial results for the quarter ended June 30, 2025. The company's total income for Q1 FY26 stood at Rs. 48.25 lakhs, up from Rs. 34.01 lakhs in the same quarter last year but lower than Rs. 56.43 lakhs in Q4 FY25. Profit after tax came in at Rs. 3.73 lakhs versus Rs. 4.57 lakhs in Q1 FY25 and Rs. 7.01 lakhs in the previous quarter, with EPS of Rs. 0.08. Finance costs of Rs. 34.26 lakhs remain the largest expense, consistent with the company's NBFC nature. The statutory auditors, H S K & Co LLP, issued an unmodified review opinion on the results. The Board also noted the resignation of Independent Director Mr. Panchal Nrupesh Kirtikumar (DIN: 08184985) effective August 7, 2025, due to pre-occupation.
Results show modest YoY revenue growth but a dip in profitability, with finance costs continuing to weigh on margins. The departure of an Independent Director may raise governance questions in the short term, though no operational impact has been indicated. Overall, this is a routine quarterly update with no material surprise for shareholders.