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![Inc42 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::605783487.png) Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers
Created: 2025-07-12 12:29:04 UTC

Caught in a top-deck turmoil, fintech startup Lendingkart’s NBFC arm Lendingkart Finance slipped into the red in FY25 due to a rise in impairment costs and decline in its top line. 👇

The Ahmedabad-based NBFC incurred a net loss of INR XXXXX Cr during the year as against a net profit of INR XXXX Cr in the previous fiscal year. Operating revenue declined XXXX% to INR XXXXX Cr in FY25 from INR XXXXX Cr in the previous fiscal year. Including other income, total revenue stood at INR XXX Cr, a decrease of XXXX% from INR XXXXXXX Cr.

It is pertinent to note that Lendingkart Finance first achieved profitability in FY23, when it reported a net profit of INR XXXXX Cr for the year. Its profit declined XXXX% YoY in FY24.Lendingkart Finance is a subsidiary of fintech startup Lendingkart Technologies.

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#news #Inc42 #NBFC #Lendingkart #fintech #tech #financialnews #financial #loss #startupnews #startup #financials #India #banking

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**Related Topics**
[indian rupee](/topic/indian-rupee)
[finance](/topic/finance)
[fintech](/topic/fintech)

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