Gyftr's voucher pivot delivers ₹396 cr revenue, but auditors flag legacy debt.
The former LKP Finance now runs a gift-voucher business that hit ₹396.36 crore in revenue in FY26. Its auditors qualified the books over ₹61 crore in unresolved Kingfisher-linked claims.
— 2 earlier stories on Gyftr Ltd. →What's new
- Gyftr reported FY26 revenue of ₹396.36 cr and net profit of ₹21.81 cr after its pivot from NBFC to gift vouchers.
- Auditors gave a qualified opinion over a ₹25-cr Kingfisher Finvest claim and ₹35.97 cr in unconfirmed historical borrowings.
- Company Secretary Rishi Arya resigned; Tisha Lamba took over the compliance role on June 16.
Why this matters
The numbers confirm the business pivot is real, not just a plan: revenue swung from near-zero to ₹396 cr in a year. The qualified audit opinion, however, keeps a question mark over the balance sheet. These are old debts from the LKP Finance days, but they are still unresolved and still large enough to matter.
What we're watching
- How the ₹25-cr Kingfisher garnishee order and the ₹35.97-cr Bestride borrowings are finally settled.
- Whether the new voucher business can sustain this scale and profitability in FY27.
- Any further executive changes as the company distances itself from its NBFC past.
The full read
Gyftr, the entity formerly known as LKP Finance, has delivered the first full set of audited numbers for its new life as a gift-voucher company. Revenue landed at ₹396.36 crore in FY26 with a net profit of ₹21.81 crore, a stark contrast to the 'negligible interest income' of the prior year. The pivot is operational. The audit trail is not. Statutory auditors qualified the books over ₹61 crore in unresolved legacy claims: a ₹25-crore garnishee order linked to Kingfisher Finvest and ₹35.97 crore in unconfirmed historical borrowings from Bestride Consultancy. Both are old NBFC debts still under litigation. Separately, the board saw a change in compliance leadership with Tisha Lamba replacing Rishi Arya as Company Secretary on June 16. The new business is scaling. The old liabilities are not going away.
Questions answered
- What is Gyftr's core business now, and how did it perform in FY26?
- Gyftr has transformed from an NBFC into a gift voucher and loyalty solutions provider. This new business generated ₹396.36 crore in revenue and a consolidated net profit of ₹21.81 crore in FY26.
- Why did the auditors qualify their opinion?
- The qualification is over long-standing legacy issues from the company's time as an NBFC. It includes a ₹25-crore garnishee order related to Kingfisher Finvest and ₹35.97 crore in unconfirmed historical borrowings from Bestride Consultancy, both under litigation.
- What was the scale of Gyftr's business before this transformation?
- The rationale states the company had 'negligible interest income' in the prior year, indicating the ₹396.36 crore revenue is almost entirely new from the voucher business.
- 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.
Story so far
All notes on LKPMERFIN →- 29 May 2026 · 8:52 PM IST Gyftr's voucher pivot delivers ₹396 cr revenue, but auditors flag legacy debt.
- 1d ago Gyftr hits ₹396 cr in revenue, but auditors flag ₹60 cr in unresolved legacy debt
- 1d ago Gyftr posts ₹396 cr revenue from gift vouchers, but auditors qualify the books