Gyftr Ltd. (LKPMERFIN) — Tipsheet

Gyftr posts ₹21.8 cr profit on voucher pivot, auditors keep qualified opinion

Tipsheet Editorial — Fri, 29 May 2026 20:52:53 GMT

The former NBFC's first full-year results show ₹396.36 cr in revenue from its new model. But auditors still can't clear the old LKP Finance balance sheet.

What’s new

Gyftr posted ₹21.81 cr consolidated net profit on ₹396.36 cr revenue for FY26.
Auditors maintained a qualified opinion over unresolved legacy debt, including a ₹25 cr Kingfisher Finvest claim.
The company secretary resigned; Ms. Tisha Lamba was appointed effective June 16.

Why it matters

The numbers validate the transformation from an NBFC to a rewards platform. ₹396 cr in revenue from near-zero is real traction. But the qualified audit opinion means the old LKP Finance balance sheet still carries unresolved baggage worth ₹61 cr in disputed claims that could hit the books.

What we’re watching

Resolution of the ₹25 cr Kingfisher Finvest garnishee order and the ₹35.97 cr Bestride Consultancy borrowings.
Whether the clean operational trend continues into FY27 under the new company secretary.
Auditor sentiment in the next cycle: a qualified opinion that persists becomes a governance drag.

The full read

Gyftr is no longer an NBFC. FY26 results formalise the shift, with ₹396.36 cr in revenue from the gift-voucher business against negligible interest income in prior years. That top line yielded a consolidated net profit of ₹21.81 cr. The operating story is clean. The balance-sheet story is not. Statutory auditors maintained a qualified opinion on two legacy items: a ₹25-crore Kingfisher Finvest garnishee order and ₹35.97 crore in disputed borrowings from Bestride Consultancy. Both are in litigation and have been flagged before. The company also changed its company secretary. The core takeaway: the transformation works operationally, but the old LKP Finance liabilities still sit on the books, unresolved.

Primary source: BSE · NSE

Gyftr's voucher pivot delivers ₹396 cr, but auditors flag a ₹25 cr Kingfisher claim

Tipsheet Editorial — Fri, 29 May 2026 20:36:19 GMT

Its first full year as a gift-voucher firm shows real revenue, but a ₹25-crore Kingfisher claim and legacy debts keep the auditor's opinion qualified.

What’s new

Gyftr posted ₹396.36 cr in revenue and ₹18.39 cr in net profit in FY26, its first full year as a gift-voucher company.
Auditors gave a qualified opinion, still unresolved are a ₹25-crore Kingfisher Finvest claim and unconfirmed historical borrowings.
Board accepted the resignation of Company Secretary Rishi Arya and appointed Tisha Lamba.

Why it matters

The pivot from NBFC to gift vouchers is producing revenue, but the qualified opinion is a brake on the story. The ₹25-crore Kingfisher claim and legacy debt issues mean the balance sheet can't be fully trusted until they're resolved, and they haven't been for years.

What we’re watching

Whether the pending litigation over the Kingfisher claim ever gets a resolution.
How quickly the new gift-voucher revenue can scale beyond ₹396 cr.
If the qualified opinion clears in the next audit cycle.

The full read

Gyftr's transformation from an NBFC to a gift-voucher company is now a financial fact. The company posted ₹396.36 crore in revenue and ₹18.39 crore in net profit for FY26, its first full year operating in the new business. That's a sharp contrast to the negligible interest income of its past. But the auditors won't give it a clean bill of health. The opinion is qualified, citing a ₹25-crore Kingfisher Finvest garnishee order and other historical borrowings that remain unconfirmed and under litigation. These aren't new problems. They've been in the filings for years. What's new is that there's a real business to contrast them against. The board also made a routine management change, appointing Tisha Lamba as the new Company Secretary. The pivot is working. The legacy debt isn't going away.

Primary source: BSE · NSE