Keto Motors returns to profit as CFO Rohit Aidasani resigns
The EV maker posted a net profit of ₹6.96 lakhs in its first post-merger financial disclosure while adding a veteran entrepreneur to its board.
— 2 earlier stories on Keto Motors Ltd. →What's new
- Keto Motors reported ₹213.26 lakhs in revenue for the March 2026 quarter.
- CFO Rohit Aidasani resigned from the company effective May 25.
- Avula Venkata Narayana Reddy joined the board as a non-executive director.
Why this matters
This is the first financial snapshot of the company following its NCLT-mandated reverse merger. While the profit is marginal against a ₹1,040 crore market cap, the transition to a new board structure and the sudden CFO exit mark a volatile integration phase for the EV manufacturer.
What we're watching
- The appointment of a new CFO to replace Aidasani.
- Whether the company can scale revenue beyond the current ₹213.26 lakhs.
- The impact of the new board member on the company's post-merger strategy.
The full read
Keto Motors has finally provided a look at its post-merger financials. For the quarter ended March 2026, the company reported ₹213.26 lakhs in revenue and a net profit of ₹6.96 lakhs. This is the first disclosure since the completion of its NCLT-mandated reverse merger. Alongside the results, the company announced a leadership change, with CFO Rohit Aidasani resigning effective May 25. To fill the gap in governance, the company added Avula Venkata Narayana Reddy, an entrepreneur with 30 years of experience, to the board as a non-executive director. While the profit is small relative to the company's ₹1,040 crore market capitalization, the return to the black suggests a stabilizing trajectory. The open question is how the firm will manage its leadership transition while attempting to scale operations in the competitive electric vehicle sector.
Questions answered
- What is the significance of this financial disclosure?
- This is the first full financial report from Keto Motors since it completed its NCLT-mandated reverse merger. It provides the first look at the entity's performance under its new corporate structure.
- How large is the company's profit compared to its market value?
- The company reported a net profit of ₹6.96 lakhs against a market capitalization of ₹1,040 crore. The profit is marginal, but it marks a return to profitability for the firm.
- Who is the new board member?
- Avula Venkata Narayana Reddy has been appointed as an additional non-executive director. He is an entrepreneur with 30 years of experience.
- When does the CFO's resignation take effect?
- Rohit Aidasani's resignation as Chief Financial Officer is effective May 25.
Story so far
All notes on TAAZAINT →- 29 May 2026 · 12:05 AM IST Keto Motors returns to profit as CFO Rohit Aidasani resigns
- today Keto Motors posts maiden profit post-merger as CFO resigns
- today Keto Motors reports first post-merger profit as CFO resigns