India, Sept. 16 -- After slipping into the red in FY25, Lendingkart Technologies' NBFC arm Lendinkart Finance Ltd continued to bleed in the first quarter of the ongoing fiscal year.

The NBFC's net loss for Q1 FY26 stood at INR 84.8 Cr, zooming 240.6% year-on-year (YoY) from the INR 24.9 Cr loss it incurred in the same quarter previous year. Sequentially, the company managed to trim its net loss by 30% from INR 120.5 Cr loss incurred in Q4 FY25.

The company's operating revenue continued to shrink in the quarter under review, plunging 60% to INR 116.9 Cr from INR 290 Cr in Q1 FY25. On a quarter-on-quarter basis, the top line declined by 24% from INR 154.1 Cr.

Including an other income of INR 2.9 Cr, Lendingkart's total income for the qua...