{
  "id": 7813321,
  "title": "Lendingkart Finance Cuts Q1 FY27 Loss By 62% To ₹32.4 Cr, Revenue Halves YoY",
  "url": "https://urgent.news/2026/09/16/lendingkart-finance-cuts-q1-fy27-loss-by-62-to-32-4-cr-revenue-halves",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T14:33:00.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/lendingkart-finance-cuts-q1-fy27-loss-by-62-to-%e2%82%b932-4-cr-revenue-halves-yoy/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Fintech startup Lendingkart’s NBFC arm Lendingkart Finance has managed to trim its loss by 62% to ₹32.4 Cr for the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}