Karnavati Finance News

Karnavati Finance Limited Reports Unaudited Financial Results for Quarter and Half Year Ended September 30, 2025

Karnavati Finance Limited's board approved and submitted unaudited financial results for the quarter and half year ended September 30, 2025, along with statements of assets, liabilities, and cash flow. The auditor's review highlighted that the company has incurred cash losses and experienced erosion in net worth, raising concerns about its financial health.

Karnavati Finance Reports Net Loss of Rs 36.73 Lakhs in Q1 FY2026

Karnavati Finance Limited reported a net loss of Rs 36.73 lakhs for the quarter ended June 30, 2025, compared to a profit of Rs 12.45 lakhs in the same quarter last year. Total revenue from operations declined to Rs 21.70 lakhs from Rs 62.57 lakhs year-over-year. The company's total expenses increased to Rs 58.43 lakhs, primarily driven by finance costs of Rs 25.10 lakhs and NPA provisions of Rs 22.90 lakhs. Interest income, the company's primary revenue source, dropped significantly to Rs 21.70 lakhs from Rs 62.57 lakhs in the corresponding quarter. Earnings per share stood at negative Rs 0.04. The board approved these unaudited financial results during their meeting held on August 13, 2025.