Net Avenue narrows FY26 loss to ₹15.18 crore
Net Avenue Technologies Limited reported a narrowed net loss of ₹15.18 crore for the financial year ended March 31, 2026, compared to a loss of ₹34.50 crore in the previous year. Revenue from operations decreased to ₹207.07 crore from ₹271.15 crore in FY25. The Board of Directors approved the audited standalone and consolidated financial results on May 21, 2026, appointed M/s. A K Jain & Associates as Secretarial Auditors, and noted the resignation of the Company Secretary.
*this image is generated using AI for illustrative purposes only.
Net Avenue Technologies Limited has reported its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company recorded a net loss of ₹15,178 thousand for the year, narrowing from a loss of ₹34,496 thousand in the previous fiscal year. Revenue from operations stood at ₹2,07,068 thousand, a decline from ₹2,71,149 thousand in FY25.
Financial Performance
The company's total income for the year decreased to ₹2,22,624 thousand from ₹2,77,420 thousand in the prior year. Total expenses were reported at ₹2,36,003 thousand, compared to ₹3,11,916 thousand in FY25. The basic earnings per share (EPS) for the year was a loss of ₹0.71, an improvement over the loss of ₹1.61 per share in the previous year.
Key Financial Metrics (Standalone)
| Particulars | FY26 (₹ in thousands) | FY25 (₹ in thousands) |
|---|---|---|
| Revenue from Operations | 2,07,068 | 2,71,149 |
| Total Income | 2,22,624 | 2,77,420 |
| Total Expenses | 2,36,003 | 3,11,916 |
| Net Profit / (Loss) | (15,178) | (34,496) |
| Basic EPS (₹) | (0.71) | (1.61) |
On a consolidated basis, the company reported a net loss of ₹20,247 thousand for FY26, compared to a loss of ₹41,641 thousand in the previous year. Consolidated revenue from operations was ₹2,50,818 thousand, down from ₹2,71,149 thousand in FY25.
Board Decisions and Appointments
The Board of Directors, in its meeting held on May 21, 2026, approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. Additionally, the board appointed M/s. A K JAIN & ASSOCIATES as Secretarial Auditors for the financial year ended March 31, 2026.
The board also noted the resignation of Ms. Bhumisha Dadwani as Company Secretary and Compliance Officer, effective from the closing hours of April 30, 2026. Mr. Rajesh Nahar has been designated as the Compliance Officer of the company.
Operational Updates
The company noted the closure of its subsidiary, ETHNOVOG INTERNATIONAL INC, USA, and associate company, ETHNOSERVE BESPOKE SERVICES PRIVATE LIMITED. The statutory auditors issued an unmodified opinion on the standalone and consolidated financial results. The company also received an independent auditor's certificate regarding the utilization of net issuance proceeds from its Initial Public Offer.
Historical Stock Returns for Net Avenue Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.85% | -6.90% | -15.63% | +2.53% | -31.93% | -89.85% |
With the closure of both its US subsidiary ETHNOVOG INTERNATIONAL INC and associate company ETHNOSERVE BESPOKE SERVICES PRIVATE LIMITED, what strategic direction is Net Avenue Technologies likely to pursue for international expansion going forward?
Given that revenue declined by ~24% while losses narrowed by ~56%, can Net Avenue Technologies sustain its path to profitability through cost optimization alone, or will it need to identify new revenue streams?
How might the transition from Ms. Bhumisha Dadwani to Mr. Rajesh Nahar as Compliance Officer impact the company's regulatory adherence and corporate governance standards in the near term?
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