Karma Energy Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
KARMAENG · price
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Awaiting price reaction for this filing.
Karma Energy's board, meeting on Feb 12, 2026, approved unaudited financial results for Q3 and nine months ended December 31, 2025, along with a Postal Ballot notice covering related party transactions and director re-appointment. Revenue from operations for 9M FY26 rose to Rs 887.78 Lac from Rs 775.87 Lac in 9M FY25, a growth of about 14%. However, the company slipped into a loss before exceptional items and tax of Rs 64.21 Lac for 9M FY26, compared to a profit of Rs 127.60 Lac a year earlier. Reported PAT grew to Rs 187.22 Lac from Rs 125.51 Lac, but this was heavily propped up by a Rs 181.50 Lac prior-year tax credit and an exceptional item of Rs 81.43 Lac (interest from a TN Electricity Regulatory Commission order). Statutory auditors Batliboi & Purohit issued an unmodified limited review report. The company operates only in renewable power generation with no subsidiaries or JVs.
The headline PAT jump looks strong on paper, but the underlying business turned loss-making at the operating level and relies on tax adjustments and one-off exceptional income to stay in the black — a yellow flag for shareholders. The Postal Ballot covering related party transactions also warrants close attention from investors.