“Lendingkart Finance Slips Into Red, Posts INR 288 Cr Loss In FY25”

Key points

• 1. Lendingkart Finance reported a net loss of INR 288.3 Cr in FY25, down from a profit of INR 60.1 Cr in FY24.
• 2. Operating revenue fell 24.5% to INR 862.2 Cr in FY25 from INR 1,142 Cr in FY24.
• 3. The company's expenses increased by 18.5% to INR 1,263.5 Cr in FY25.
• 4. Impairment losses accounted for 41.4% of total expenses, totaling INR 523.5 Cr.
• 5. Founder Harshvardhan Lunia stepped down as managing director on June 30, 2025.
• 6. Lendingkart Finance's profitability declined sharply after achieving a profit of INR 118.8 Cr in FY23.