Gyftr Posts Rs 21.8 Crore Profit Following Business Transformation

Revenue from operations reached Rs 396.36 crore for FY 2025-26, with a net profit of Rs 21.81 crore.
Reader Takeaway: Strong pivot to digital rewards, though legal disputes and unconfirmed lender balances warrant caution.

What just happened

Gyftr Limited (formerly LKP Finance) has finalized its transformation into a digital gift voucher and rewards platform. The company officially surrendered its NBFC registration on March 20, 2026. Ahead of its 42nd Annual General Meeting on September 29, 2026, the company has released its annual results, showing an EPS of Rs 3.16. The board is also seeking shareholder approval for significant related party transactions with Vouchagram India and Mufin Green Finance.

Why this matters

The successful shift from a legacy NBFC model to a high-growth digital platform is reflected in the jump in net profit from Rs 1.82 crore in the previous year to Rs 21.81 crore. The platform now supports 400+ brands and 750+ corporate clients, indicating a scalable business model.

Risks to watch

The independent auditor has issued a qualified opinion. Two primary issues remain: unconfirmed lender balances amounting to Rs 35.97 crore and a legal dispute before the Debt Recovery Appellate Tribunal (DRAT) involving a Rs 21.22 crore claim. The company has deposited Rs 11.26 crore under protest, but the outcome remains pending.

Context metrics

• Net Worth: Rs 485.23 crore
• Average B2C Basket Size: Rs 1,845
• Direct Consumer Base: 5.5 million+

What to track next

Investors should monitor the resolution of the ongoing DRT litigation, as it remains a material contingent liability. Additionally, track the execution of the proposed related party transactions to ensure governance standards are maintained during this growth phase.