Outcome of board meeting for approval of unaudited financial results for the quarter ended on June 30, 2025
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Karnavati Finance Limited's board, at its meeting on August 13, 2025, approved the unaudited standalone financial results for Q1 FY26 along with a clean limited review report from B.B. Gusani & Associates. Revenue from operations fell sharply to Rs. 21.70 lakhs, down from Rs. 62.57 lakhs in Q1 FY25 (a decline of roughly 65%). The company reported a net loss of Rs. 36.73 lakhs for the quarter, swinging from a profit of Rs. 12.45 lakhs a year earlier. Total expenses stood at Rs. 58.43 lakhs, including NPA provisions of Rs. 22.90 lakhs, and finance costs of Rs. 25.10 lakhs. EPS for the quarter came in at Rs. (0.04), and the paid-up equity capital remains Rs. 1,005 lakhs. The full-year FY25 results also showed a loss of Rs. 168.06 lakhs, indicating continued stress on the NBFC's earnings.
Shareholders should note that the company has slipped back into a quarterly loss after a small profit last year, with shrinking revenue and ongoing NPA provisions weighing on profitability. The stock may see a negative short-term reaction, and investors should watch for further deterioration in the loan book and any sign of management's recovery plan.