Outcome of board meeting and submission of financial results for the quarter and half year ended on September 30, 2025.
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The board of Karnavati Finance Limited approved the unaudited financial results for the quarter and half year ended September 30, 2025, along with a limited review report by auditor B.B. Gusani & Associates. The company reported a net loss before tax of Rs 89.61 lakh for H1 FY26, an improvement from a Rs 167.94 lakh loss in H1 FY25. Total equity declined to Rs 943.11 lakh as of September 2025 from Rs 1,012.71 lakh as of March 2025. The auditor flagged an Emphasis of Matter noting that the company has incurred cash losses and there is erosion in its net worth, though the auditor's conclusion remained unmodified. Operating cash flow was sharply negative at Rs (4,757.42) lakh for the period.
Negative for shareholders: the auditor's emphasis on cash losses and eroding net worth raises concerns about the company's financial health, and the steep negative operating cash flow signals liquidity stress. The narrowing of losses is a small positive, but the overall tone of the filing is cautious.