Lendingkart Finance, the NBFC arm of fintech startup Lendingkart, reduced its net loss by 62% to ₹32.4 crore in the quarter ended June 30, 2026 (Q1 FY27), compared to a loss of ₹84.8 crore in the same quarter last year, according to inc42.com. The loss also fell 73% sequentially from ₹121.9 crore in Q4 FY26, indicating a possible bottoming out of the sharp deterioration seen in FY26. However, operating revenue dropped 55% year-on-year to ₹52.7 crore in Q1 FY27.
The company’s operating revenue decline was driven by a 20% year-on-year fall in interest income to ₹38.9 crore and a 78% drop in fees and commission income to ₹15.3 crore. Total income for the quarter, including other income of ₹1.8 crore, stood at ₹54.5 crore, down 54.5% from ₹119.8 crore in Q1 FY26. Lendingkart Finance also booked a net loss of ₹70 lakh on fair value changes and ₹80 lakh on loan assignments. During the quarter, it transferred stressed loans worth ₹94.7 crore in aggregate principal to an asset reconstruction company for ₹2 crore, inc42.com reported.
Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, Lendingkart Finance is the licensed lending vehicle for Lendingkart Technologies’ MSME-focused digital lending business. The company slipped into loss in FY25 and saw its net loss widen through FY26 amid a sharp pullback in disbursals. The recent financials suggest the company is managing to reduce losses despite continuing revenue challenges, reflecting ongoing adjustments in its lending portfolio and risk management strategies.
Lendingkart Finance’s next quarterly results will be closely watched to assess whether the improving loss trajectory continues and if revenue can stabilize after the steep declines in FY26. The company’s asset transfer of stressed loans worth ₹94.7 crore in Q1 FY27 marks a notable step in managing its non-performing assets, according to inc42.com.