Keto Motors posts maiden profit post-merger as CFO resigns
The electric vehicle maker reported a net profit of ₹6.96 lakhs on revenues of ₹213.26 lakhs for the quarter ended March 2026.
— 2 earlier stories on Keto Motors Ltd. →What's new
- Keto Motors reported its first financial results following a reverse merger.
- CFO Rohit Aidasani resigned, effective May 25.
- Avula Venkata Narayana Reddy joined the board as a non-executive director.
Why this matters
The transition to positive earnings is a symbolic start for the post-merger entity, though the profit remains marginal against a ₹1,040 crore market cap. Leadership churn at the CFO level during a restructuring phase creates uncertainty for investors.
What we're watching
- The appointment of a new CFO to replace Rohit Aidasani.
- Revenue growth trends in subsequent quarters to gauge operational scale.
- The impact of the new board member on the company's strategic direction.
The full read
Keto Motors has released its first financial results since completing its reverse merger. For the quarter ended March 2026, the company reported revenue of ₹213.26 lakhs and a net profit of ₹6.96 lakhs. While the profit is small against the company's ₹1,040 crore market capitalization, it marks the beginning of a new operational chapter for the electric vehicle manufacturer. Alongside the results, the company announced that CFO Rohit Aidasani will step down on May 25. To fill the leadership gap, the board appointed Avula Venkata Narayana Reddy as an additional non-executive director. Reddy brings 30 years of business experience to the firm. For a micro-cap company in the middle of a major transition, the combination of a shift to positive earnings and a change in the finance department is the next test of stability.
Questions answered
- Why are these results not comparable to previous years?
- The figures reflect the company's new structure following a reverse merger. This is the first reporting period for the restructured entity.
- How significant is the profit relative to the company's size?
- The net profit of ₹6.96 lakhs is marginal compared to the company's ₹1,040 crore market capitalization.
- Who is the new board member?
- Avula Venkata Narayana Reddy has joined as an additional non-executive director. He is an entrepreneur with 30 years of experience across multiple sectors.
- When does the CFO's resignation take effect?
- Rohit Aidasani's resignation as CFO is effective May 25.
Story so far
All notes on TAAZAINT →- 28 May 2026 · 11:59 PM IST Keto Motors posts maiden profit post-merger as CFO resigns
- today Keto Motors returns to profit as CFO Rohit Aidasani resigns
- today Keto Motors reports first post-merger profit as CFO resigns