Gyftr Limited Pivots to Gift Vouchers, Reports FY26 Profit Amidst Audit Concerns

Gyftr Limited's standalone net profit for the fiscal year ending March 31, 2026, stood at ₹18.39 crore. For the fourth quarter of FY26, the company reported a standalone net profit of ₹2.75 crore and consolidated net profit of ₹6.17 crore.

Reader Takeaway: New business pivot offers growth potential, but audit concerns and legal risks cast a shadow.

What just happened

Gyftr Limited (formerly LKP Finance Limited) has officially transitioned to the gift voucher and rewards business after surrendering its NBFC certificate of registration on March 20, 2026. The company reported a standalone revenue of ₹300.36 crore and a standalone net profit of ₹2.75 crore for the fourth quarter ended March 31, 2026. For the full fiscal year FY26, the standalone net profit was ₹18.39 crore.

Why this matters

This marks a significant strategic shift for Gyftr Limited, moving away from its financial services roots. The pivot aims to tap into the growing gift voucher and rewards market. However, the reported financials are overshadowed by a qualified opinion from the statutory auditors, raising concerns about financial transparency and potential liabilities.

The backstory

Previously operating as LKP Finance Limited, the company was engaged in NBFC activities. The decision to surrender its NBFC license and rebrand as Gyftr Limited signifies a complete overhaul of its business strategy and operational focus towards the consumer-facing gift voucher and rewards sector.

What changes now

The company's revenue streams and operational focus are now centered on the gift voucher and rewards segment. Investors will need to assess the growth prospects and competitive landscape within this new industry. The company has also seen a change in its Company Secretary role.

Risks to watch

The statutory auditors have issued a qualified opinion due to two primary concerns: the inability to obtain balance confirmations from two lenders totaling ₹35.97 crore, and ongoing litigation with the Debt Recovery Tribunal (DRT), Bangalore. A sum of ₹11.26 crore has been deposited under protest, and mutual fund investments worth ₹6.14 crore are attached by the Recovery Officer pending a decision at the Debt Recovery Appellate Tribunal (DRAT), Chennai.

Peer comparison

While Gyftr Limited has exited the NBFC space, its peers in the gift voucher and rewards business include companies like Woohoo, Paytm, and Amazon, which operate in a highly competitive digital marketplace.

Context metrics (time-bound)

• Standalone Revenue Q4 FY26: ₹300.36 crore (₹30,035.88 lakh).
• Standalone Net Profit Q4 FY26: ₹2.75 crore (₹275.08 lakh).
• Standalone Net Profit FY26: ₹18.39 crore (₹1,838.97 lakh).
• Lender Balances Unconfirmed: ₹35.97 crore.
• DRT Litigation Deposit: ₹11.26 crore.
• Attached Mutual Funds: ₹6.14 crore.

What to track next

Investors should closely monitor the legal proceedings at the DRAT, Chennai, as the outcome could significantly impact the company's financial position. The performance and growth of Gyftr Limited in the gift voucher and rewards segment will also be a key area to watch.