Lendingkart Finance has managed to trim its loss by 62% to ₹32.4 Cr for the quarter ended June 30, 2026 (Q1 FY27) from the ₹84.8 Cr loss incurred in the year-ago quarter
The loss also shrank dramatically on a sequential basis, down 73% from ₹121.9 Cr in Q4 FY26, signalling that the sharp deterioration seen through FY26 may be bottoming out
Operating revenue fell 55% to ₹52.7 Cr in the quarter under review from ₹116.9 Cr in Q1 FY26
Fintech startup Lendingkart’s NBFC arm Lendingkart Finance has managed to trim its loss by 62% to ₹32.4 Cr for the quarter ended June 30, 2026 (Q1 FY27) from the ₹84.8 Cr loss incurred in the year-ago quarter.
The loss also shrank dramatically on a sequential basis, down 73% from ₹121.9 Cr in Q4 FY26, signalling that the sharp deterioration seen through FY26 may be bottoming out.
However, the topline also continued to shrink. Operating revenue fell 55% to ₹52.7 Cr in the quarter under review from ₹116.9 Cr in Q1 FY26. On a quarter-on-quarter basis, operating revenue rose about 15% from ₹45.9 Cr.
Interest income declined 20% YoY to ₹38.9 Cr, while fees and commission income drag fell 78% to ₹15.3 Cr.
Including other income of ₹1.8 Cr, total income for the quarter stood at ₹54.5 Cr, down 54.5% from ₹119.8 Cr a year earlier.
The company also booked a net loss of ₹70 Lakh on fair value changes and a ₹80 Lakh loss on assignment of loans during the quarter.
During the quarter, the NBFC transferred stressed loans worth ₹94.7 Cr in aggregate principal to an asset reconstruction company for a consideration of ₹2 Cr.
Lendingkart Finance, founded in 2014 by Harshvardhan Lunia and Mukul Sachan, is a wholly owned subsidiary of Lendingkart Technologies and serves as the licensed lending vehicle for the group’s MSME-focussed digital lending business.
The company slipped into loss in FY25. Its net loss widened further through FY26, alongside a sharp pullback in disbursals and a leadership overhaul following Fullerton Financial Holdings’ takeover — with former DBS Bank executive Prashant Prakash Joshi now serving as managing director and CEO.
The company also remains party to a pending case before the NCLT Ahmedabad, filed by certain minority shareholders of Lendingkart Technologies alleging oppression and mismanagement.
Zooming Into Lendingkart Finance’s Q1 FY27 Expenses
Total expenses for the quarter fell 58% to ₹97.5 Cr in the first quarter from ₹230.2 Cr in Q1 FY26, driven primarily by the narrower loss. Here is a breakdown of where the startup spent the most in the reported quarter:
Impairment Of Financial Instruments: This fell the sharpest among expense heads, dropping 83%to ₹13.2 Cr from ₹78.5 Cr in Q1 FY26.
Finance Costs: Spending under this head nearly halved, falling 53% to ₹26.3 Cr from ₹55.8 Cr.
Employee Benefit Expenses: Expenses towards paying salaries, wages, gratuity fund and provident fund, came down 18% to ₹25.4 Cr from ₹30.8 Cr.