Audited Financial Results for the quarter and year ended on March 31,2026
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Paragon Finance Ltd reported a net loss of ₹111.20 lakhs for FY26, reversing a profit of ₹31.46 lakhs in FY25. Total income from operations collapsed by ~54% to ₹128.74 lakhs from ₹279.85 lakhs, driven by a sharp negative fair value change of ₹(5.38) lakhs (vs positive ₹69.46 lakhs prior year) and other income dropping to ₹2.48 lakhs from ₹60.10 lakhs. The Q4 standalone quarter showed a particularly severe loss of ₹487.60 lakhs due to large other income write-backs or reversals. Operating cash flow turned negative at ₹(201.55) lakhs, and borrowings nearly doubled year-on-year to ₹393.37 lakhs. The company also disclosed extensive related party transactions, including loans and advances to directors, KMPs, their relatives, and common-KMP entities totaling several crores.
The company swung to a loss and burned cash in FY26, raising concerns about profitability and liquidity. High related party exposure and rapid borrowing growth warrant close monitoring of governance and financial health.