Unaudited financial results for the quarter ended on June 30, 2025
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Karnavati Finance Limited reported weak unaudited results for Q1 FY26 (quarter ended June 30, 2025). Total revenue from operations fell sharply to Rs. 21.70 lakhs from Rs. 62.57 lakhs in the same quarter last year, a drop of about 65%. The company swung to a net loss of Rs. 36.73 lakhs compared to a net profit of Rs. 12.45 lakhs in Q1 FY25. Finance costs remained high at Rs. 25.10 lakhs and NPA provisions stood at Rs. 22.90 lakhs, indicating stress on asset quality. Total expenses of Rs. 58.43 lakhs exceeded total revenue, pushing the company into losses. The full FY25 also closed with a loss of Rs. 168.06 lakhs. The statutory auditor B.B. Gusani & Associates issued an unmodified limited review report.
The sharp revenue decline and continued losses suggest operational stress and asset quality concerns for this small NBFC. Shareholders may see no near-term recovery in earnings, which could weigh on the stock price and investor sentiment.