Tech
Net Loss Swells 3.4X To INR 85 Cr
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SUMMARY
LendingKart Finance’s operating revenue continued to shrink in the quarter under review, plunging 60% to INR 116.9 Cr from INR 290 Cr in Q1 FY25
According to the NBFC’s filings, its gross non-performing assets increased to 4.3% for the period under review from 3.7% in Q1 FY25
On the brighter side the startup’s net non-performing assets remained stable during the period. The figure stood at 2.5% in Q1 FY26 in comparison to 2.6% in the previous year’s quarter
After…
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