Fintech Lendingkart reports 97% decline in profit in FY 2023-24
Fintech Lendingkart reported a 97.2% decline in its consolidated net profit to ₹3.25 crore in the financial year 2023-24 (FY24) from ₹118.8 crore a year ago, primarily due to sharp increase in impairment loss on financial assets, loans and advances. Lendingkart first achieved profitability in FY23.