In terms of Regulation 30 and 33 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors ....
KARMAENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Karma Energy Ltd reported audited financial results for FY2026 ending March 31, 2026. Total income increased to Rs 1,305.36 Lac from Rs 1,144.04 Lac in FY2025 (up 14%), driven by higher revenue from operations (Rs 975.83 Lac vs Rs 870.27 Lac) and other income (Rs 329.53 Lac vs Rs 273.77 Lac). However, the company swung to a loss before tax of Rs 93.60 Lac compared to profit of Rs 140.83 Lac in FY2025, primarily due to a near doubling of Operation and Maintenance costs to Rs 663.87 Lac and higher other expenses of Rs 310.63 Lac. Profit after tax declined 25% to Rs 104.93 Lac from Rs 140.37 Lac. The Board also approved re-appointment of Mr. Chetan Durgadas Mehra as Managing Director for 3 years from December 1, 2026. Auditors issued an unmodified (clean) opinion on the financial statements.
The stock may face pressure as profit after tax declined 25% despite modest revenue growth, indicating cost control issues. The clean audit opinion provides some comfort on financial reporting quality. MD re-appointment provides continuity in leadership.