Gyftr posts ₹21.8 cr profit on voucher pivot, auditors keep qualified opinion
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.
— 1 earlier story on Gyftr Ltd. →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 this 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.
Questions answered
- How did Gyftr generate nearly ₹400 cr in revenue?
- The company completed its pivot from being an NBFC with negligible interest income to a gift voucher and loyalty solutions provider. The ₹396.36 cr is the first full-year revenue figure from the new business model.
- What are the specific legacy issues the auditors flagged?
- The qualified opinion cites two main items: a ₹25-crore garnishee order linked to a legal claim involving Kingfisher Finvest, and unconfirmed historical borrowings from Bestride Consultancy totaling ₹35.97 crore. Both matters are under litigation and have been flagged in prior disclosures.
- What was the bottom-line profit for FY26?
- Gyftr reported a consolidated net profit of ₹21.81 crore for the financial year ended March 2026, a sharp turnaround from its previous financial profile as a non-operating finance company.
- Who is the new company secretary, and when did the change happen?
- Ms. Tisha Lamba was appointed as Company Secretary and Compliance Officer, effective June 16, 2026, following the resignation of Rishi Arya. The board approved the handover.
Gyftr Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on LKPMERFIN →- 29 May 2026 · 8:52 PM IST Gyftr posts ₹21.8 cr profit on voucher pivot, auditors keep qualified opinion
- 43d ago Gyftr's voucher pivot delivers ₹396 cr, but auditors flag a ₹25 cr Kingfisher claim