Karma Energy reports a net loss of ₹198.53 lakhs for FY26
The renewable energy firm swung to a loss from a prior-year profit of ₹140.37 lakhs as operating and maintenance expenses climbed.
— 1 earlier story on Karma Energy Ltd. →What's new
- Karma Energy posted a net loss of ₹198.53 lakhs for FY26.
- The company recorded a profit of ₹140.37 lakhs in the previous financial year.
- The board re-appointed Chetan Durgadas Mehra as Managing Director for three years.
Why this matters
The shift from profit to loss shows the margin pressure facing this nano-cap player. Rising maintenance costs are eating into revenue gains. The company is now in the red.
What we're watching
- Whether management can contain operating expenses in the coming quarters.
- Any further details on the revenue growth trajectory.
- The impact of the leadership continuity under the re-appointed MD.
The full read
Karma Energy reported a consolidated net loss of ₹198.53 lakhs for the fiscal year ended March 31, 2026. This is a sharp reversal from the ₹140.37 lakhs profit the company recorded in the previous year.
Annual revenue rose, but higher operating and maintenance expenses pushed the company into a loss.
Alongside the financial results, the board confirmed the re-appointment of Chetan Durgadas Mehra as Managing Director for a three-year term, beginning in December 2026. With a market capitalization of only ₹54 crore, the company faces a difficult path to return to profitability. The results show the challenge of maintaining margins in a rising-cost environment.
It is now in the red.
Questions answered
- How did Karma Energy's performance change year-over-year?
- The company moved from a profit of ₹140.37 lakhs in the previous fiscal year to a net loss of ₹198.53 lakhs for the year ended March 31, 2026.
- What caused the decline in profitability?
- The loss stems from higher operating and maintenance expenses, which outpaced the modest increase in annual revenue.
- What leadership changes were announced?
- The board re-appointed Chetan Durgadas Mehra as Managing Director for a new three-year term, effective December 2026.
- What is the current scale of the company?
- Karma Energy is a nano-cap entity with a market capitalization of ₹54 crore.
Story so far
All notes on KARMAENG →- 28 May 2026 · 5:46 PM IST Karma Energy reports a net loss of ₹198.53 lakhs for FY26
- today Karma Energy reports annual revenue of ₹9.76 crore