Integrated financial results for quarter ended 30th June 2025
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Kinetic Trust Limited, a non-banking financial company (NBFC), submitted its unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations fell sharply to about Rs 27.99 lakhs, down roughly 60% from Rs 70.57 lakhs in the same quarter last year. Despite the revenue drop, the company swung back to profit, reporting a profit before tax of Rs 7.89 lakhs and a profit after tax of Rs 6.09 lakhs, compared to a loss of Rs 3.58 lakhs in Q1 FY25. Total assets grew to Rs 2,363.66 lakhs (from Rs 2,039.19 lakhs), largely driven by an increase in loans on the books (Rs 2,190.17 lakhs vs Rs 1,805.17 lakhs). Borrowings rose to Rs 1,861.75 lakhs, up from Rs 1,530.04 lakhs at the end of FY25. Statutory auditor Sunita Agrawal & Co. issued an unmodified (clean) limited review opinion on the results, and the company stated there were no exceptional items to report.
The sharp drop in revenue is a red flag for shareholders, though the return to profitability offers some comfort. The company remains highly leveraged, with borrowings of around Rs 1,862 lakhs against total equity of just about Rs 408 lakhs, which keeps financial risk elevated. Investors should watch whether the revenue decline is temporary or part of a deeper slowdown in the lending business.