Kontor Space FY26 net profit falls 45% despite revenue growth
Kontor Space Limited reported a 45% decline in FY26 net profit to ₹227.01 lakh, even as revenue from operations grew 24.4% to ₹2,455.48 lakh, driven by higher direct and finance costs. The board approved the audited financial results on May 29, 2026, with M/s VCA & Associates issuing an unmodified audit opinion. The company's balance sheet showed improved shareholders' funds at ₹2,856.55 lakh, while cash and bank balances stood at ₹107.77 lakh.
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Kontor Space Limited reported a 45% decline in net profit to ₹227.01 lakh for the financial year ended March 31, 2026, despite a 24.4% increase in revenue from operations. The company's revenue rose to ₹2,455.48 lakh in FY26 from ₹1,974.60 lakh in the previous year, while total expenses increased to ₹2,084.50 lakh from ₹1,608.58 lakh. The decline in profitability was attributed to rising direct costs, which stood at ₹1,148.97 lakh, and increased finance costs of ₹97.46 lakh.
The board of directors approved the standalone audited financial statements and results for the half year and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s VCA & Associates, Statutory Auditor of the Company, issued an audit report with an unmodified opinion on the annual audited standalone financial results. The financial results were prepared in accordance with the accounting standards prescribed under Section 133 of the Companies Act, 2013.
For the half year ended March 31, 2026, the company reported a profit of ₹71.11 lakh, a significant decrease from ₹268.71 lakh in the corresponding period of the previous year. Revenue from operations for the half year was ₹1,215.52 lakh, compared to ₹1,183.02 lakh in the prior year period. Earnings per share (EPS) for the full year stood at ₹3.67, down from ₹6.67 in FY25.
The balance sheet as of March 31, 2026, showed total assets of ₹4,435.57 lakh, an increase from ₹3,858.93 lakh in the previous year. Shareholders' funds improved to ₹2,856.55 lakh from ₹2,616.65 lakh, while non-current liabilities rose to ₹640.93 lakh from ₹423.86 lakh. The company's cash and bank balances stood at ₹107.77 lakh at the end of the fiscal year.
Financial Performance for FY26
| Particulars | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 2,455.48 | 1,974.60 |
| Total Income | 2,493.37 | 2,023.91 |
| Total Expenses | 2,084.50 | 1,608.58 |
| Profit Before Tax | 408.87 | 415.33 |
| Net Profit | 227.01 | 412.43 |
| Basic EPS (₹) | 3.67 | 6.67 |
The company stated that it is primarily engaged in the co-working service business and operates under a single segment, making segment reporting inapplicable. The management is in the process of identifying parties covered under the Micro, Small and Medium Enterprises (MSME) definition, and disclosures have been made to the extent identified. There were no investor complaints pending, received, or disposed of during the half year ended March 31, 2026.
Historical Stock Returns for Kontor Space
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.30% | -9.78% | -4.83% | +9.02% | -5.14% | -37.92% |
What specific measures is management taking to curb rising direct costs and improve profit margins in the coming fiscal year?
How does the company plan to manage the increased finance costs, and will it impact future capital expenditure or expansion plans?
Will the increase in non-current liabilities lead to higher debt servicing obligations in FY27?
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