What’s new

• Krishna Capital swung to a consolidated net loss of ₹12.59 lakh in FY26 from a ₹0.98 lakh profit in FY25.
• Standalone revenue fell 25% to ₹42.05 lakh, and standalone net profit collapsed to ₹0.78 lakh from ₹10.30 lakh.
• The board appointed new secretarial and internal auditors, while the company is subject to an open offer.

Why it matters

The swing from profit to loss is driven by an associate company, not the core business itself, which is already tiny. The timing is awkward: the company is mid-transition on a change-of-control offer, and new auditors are being installed to review the books.

What we’re watching

• Whether the open offer for a change in control proceeds, and on what terms.
• If the losses from associate Palco Metals Limited continue or deepen in FY27.
• What the newly appointed auditors make of the consolidated accounts.

The full read

Krishna Capital's FY26 results tell a simple story: the business is tiny and an associate is bleeding it. Standalone revenue fell 25% to ₹42.05 lakh, and standalone profit collapsed to ₹0.78 lakh from ₹10.30 lakh the year before. The consolidated accounts are worse. They swung to a net loss of ₹12.59 lakh from a ₹0.98 lakh profit, entirely because of losses at associate Palco Metals Limited. The company is also in the middle of a change-of-control open offer, so the board's decision to install new secretarial and internal auditors is timely. What's less clear is whether any of this matters to whoever is trying to buy the company.

Primary source: BSE · NSE