Karma Energy Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
KARMAENG · price
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Karma Energy Limited reported audited financial results for FY26 ending March 2026. Revenue from operations grew 12% to Rs 975.83 Lac from Rs 870.27 Lac in FY25. However, profitability declined sharply with profit before tax falling from Rs 140.83 Lac profit to Rs 93.60 Lac loss. Profit after tax declined 25% to Rs 104.93 Lac versus Rs 140.37 Lac in the previous year. The company attributed exceptional items of Rs 81.43 Lac related to interest recovered on previously written off debts. Operations and maintenance costs nearly doubled to Rs 663.87 Lac from Rs 316.79 Lac, significantly impacting profitability. The statutory auditors M/s Batliboi & Purohit issued an unmodified (clean) audit report. The board also approved re-appointment of Managing Director Mr. Chetan Durgadas Mehra for 3 years from December 2026.
The stock may face negative sentiment due to a 25% decline in PAT and transition to pre-tax loss, despite revenue growth. The doubling of maintenance costs is a concern for operational efficiency. However, positive cash flow from operations (Rs 192.87 Lac) and clean audit provide some comfort to investors.