Kiran Vyapar Limited announced its unaudited financial results for the quarter and nine months ended 31st December 2025, revealing mixed performance with quarterly losses but maintaining nine-month profitability. The Board of Directors approved these results at their meeting held on 3rd February 2026.

Consolidated Financial Performance

The company's consolidated operations showed contrasting performance with revenue growth but significant losses during the quarter.

Q3FY26 Consolidated Results

On a consolidated basis, the company reported a net loss of ₹25.41 crores for Q3FY26 against a profit of ₹7.84 crores in Q3FY25. Despite the loss, consolidated revenue showed growth, increasing to ₹35.46 crores from ₹31.45 crores in the corresponding quarter last year.

Standalone Financial Performance

The company's standalone operations also reflected quarterly challenges with revenue decline and losses.

Q3FY26 Standalone Results

The standalone operations reported a net loss of ₹197.81 lakhs for Q3FY26 compared to a profit of ₹245.62 lakhs in Q3FY25. Total revenue from operations declined marginally to ₹1,431.07 lakhs from ₹1,438.88 lakhs year-on-year.

Nine-Month Standalone Performance

For the nine months ended 31st December 2025, the company maintained standalone profitability with net profit of ₹795.25 lakhs, though significantly lower than ₹4,763.86 lakhs achieved in the corresponding period last year. Nine-month consolidated profit stood at ₹1,364.88 lakhs compared to ₹7,209.58 lakhs in the previous year.

Revenue Composition and Expenses

The company's revenue primarily comprises interest income of ₹857.95 lakhs, net gain on fair value changes of ₹544.40 lakhs, and dividend income of ₹16.05 lakhs for Q3FY26. Total expenses increased to ₹1,246.46 lakhs from ₹828.15 lakhs in Q3FY25, with finance costs rising significantly to ₹814.33 lakhs from ₹367.36 lakhs.

Regulatory Developments and Corporate Actions

The company highlighted the implementation of new Labour Codes effective from 21st November 2025, including the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020. The company is currently evaluating the incremental impact of these regulatory changes, with effects to be reflected in the audited financial statements for the year ending 31st March 2026.

A Scheme of Amalgamation relating to associate company Placid Limited remains pending before the National Company Law Tribunal, Kolkata for sanction. The company operates primarily in financing and investment business, with consolidated operations also including trading activities through subsidiaries.

Kiran Vyapar Limited has successfully completed its strategic acquisition of a 5% stake in Altstar Capital Management Private Limited (ACMPL), marking the finalization of its expansion into real estate services. The NBFC has informed BSE about the completion of this transaction through a regulatory filing.

Acquisition Completion Details

The company has completed the subscription of shares in ACMPL as planned, with the transaction now fully executed. The acquisition represents Kiran Vyapar Limited's strategic move to diversify its investment portfolio and enter the real estate services sector.

Financial Context

The completed acquisition cost of ₹7.03 crores aligns with the maximum consideration amount previously announced by the company. This investment represents a strategic allocation within Kiran Vyapar Limited's broader investment portfolio, which stood at ₹2,097.30 crores in the latest reported period.

Strategic Implications

The completion of this acquisition positions Kiran Vyapar Limited to leverage opportunities in the real estate services sector through its partnership with ACMPL. As an NBFC-ND-SI registered with the Reserve Bank of India, the company's diversification into real estate services aligns with its strategy to enhance its investment and financial services operations.

Regulatory Compliance

Kiran Vyapar Limited has maintained transparency throughout the acquisition process, providing timely updates to BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company initially announced its intention to acquire the stake and has now confirmed the successful completion of the transaction.

The completed acquisition represents a significant milestone in Kiran Vyapar Limited's diversification strategy, potentially opening new avenues for growth in the real estate services sector while maintaining its core NBFC operations.