Karma Energy logs ₹104.93 lakh annual profit despite Q4 loss
Full-year net profit of ₹104.93 lakh follows a Q4 loss of ₹82.29 lakh. The board reappoints managing director for three more years.
What's new
- Q4 net loss of ₹82.29 lakh, but full-year net profit of ₹104.93 lakh
- Board re-appoints Chetan Durgadas Mehra as MD for 3 years from Dec 2026
- Trailing PAT fell 652.4%, revenue slipped 6.8%
Why this matters
The small-cap power generator swung from a loss-making Q4 to a full-year profit, but trailing PAT shows severe erosion. The MD reappointment is a governance box-tick with no fresh strategic signal.
What we're watching
- Whether Q4 loss marks a trend or a blip
- Revenue trajectory after a 6.8% annual decline
- Shareholder vote on MD reappointment
The full read
Karma Energy's annual results show a full-year net profit of ₹104.93 lakh — but the fourth quarter alone lost ₹82.29 lakh. That swing puts the quality of the profit in question. The trailing numbers are worse: revenue down 6.8%, PAT down 652.4%. Against that backdrop, the reappointment of MD Chetan Durgadas Mehra for another three years is routine governance, not a catalyst. The stock trades at a P/E of 46.2 on a market cap of just ₹48 crore. This filing changes nothing. It is exactly what it looks like: an annual result from a small-cap generator that is still searching for momentum.
Questions answered
- Did Karma Energy post a profit or loss for FY26?
- Full-year net profit was ₹104.93 lakh, though the fourth quarter alone recorded a net loss of ₹82.29 lakh.
- What management change was announced?
- Chetan Durgadas Mehra was re-appointed as Managing Director for three years from December 1, 2026, subject to shareholder approval.
- How did the stock's fundamentals look on a trailing basis?
- Trailing P/E was 46.2, ROE 3.9%, and revenue declined 6.8% year-on-year. PAT slumped 652.4%, according to screener data.
- Is this filing considered material by analysts?
- No. The analyst rationale describes it as routine, with no unexpected or material new information beyond the standard annual results.