Lendingkart Finance Cuts Q1 FY27 Loss By 62% To ₹32.4 Cr, Revenue Halves YoY
Fintech startup Lendingkart’s NBFC arm Lendingkart Finance has managed to trim its loss by 62% to ₹32.4 Cr for the…
Lendingkart Finance, a fintech startup, reported a 62% reduction in its loss for the quarter ended June 30, 2026 (Q1 FY27) to ₹32.4 Cr, down from ₹84.8 Cr in the same period last year. The company also experienced a 73% decrease in losses compared to Q4 FY26, suggesting that the financial situation may be improving. However, the company's revenue declined by 55% to ₹52.7 Cr in Q1 FY27, a drop from ₹116.9 Cr in the same quarter in FY26.
On a quarter-on-quarter basis, operating revenue increased by about 15% to ₹52.7 Cr. The company's interest income fell 20% year-over-year to ₹38.9 Cr, while fees and commission income dropped by 78% to ₹15.3 Cr. Total income for the quarter was ₹54.5 Cr, marking a 54.5% decrease from ₹119.8 Cr in the same period last year. The NBFC also recorded a net loss of ₹70 Lakh on fair value changes and a ₹80 Lakh loss on loan assignments.
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