Kreon Financial Services reported a net loss of Rs 414.14 lakhs for the fiscal year ended March 31, despite revenue growth to Rs 2,332.73 lakhs. The company's expenses increased significantly to Rs 3,072.38 lakhs, mainly due to bad debts. To diversify, Kreon's Board approved applications for Payment Aggregator and Prepaid Payment Instrument licenses. The Board also reappointed auditors and proposed reappointment of two independent directors. Earnings per share declined to -Rs 2.05 from Rs 0.34 in the previous year.