PFA Audited Financial Results for the quarter and year ended 31st March, 2026 consent accorded by the board of directors for re-appointment of Mr. Chetan Durgadas Mehra as Managing ....
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Karma Energy Ltd reported audited financial results for Q4 and year ended March 31, 2026. Total income grew 14% to Rs 1,305.36 Lac from Rs 1,144.04 Lac in the previous year. However, the company swung to a loss of Rs 93.60 Lac before tax (vs profit of Rs 140.83 Lac in FY25) due to a 44% increase in total expenses to Rs 1,480.39 Lac. Operation and maintenance costs nearly doubled to Rs 663.87 Lac. Trade receivables improved significantly from Rs 695.66 Lac to Rs 123.14 Lac. The Board re-appointed Mr. Chetan Durgadas Mehra as Managing Director for 3 years from December 1, 2026, subject to shareholder approval at the 19th AGM. Statutory auditors M/s Batliboi & Purohit issued an unmodified opinion.
The company faces cost pressures despite revenue growth, shifting from profit to loss. The MD re-appointment provides leadership continuity and is a routine governance matter. The significant improvement in trade receivables is a positive working capital indicator.