P2P Lending

LendenClub

LendenClub's FY25 audit records a swing from a ₹10.65 Cr loss to a ₹28.62 Cr profit on total income of ₹241.38 Cr (up 34%). The dominant driver is on the cost side: commission payouts to partners fell 57% (₹94 Cr to ₹40 Cr) while commission revenue stayed flat at ₹96 Cr. The net commission margin moved from approximately ₹2 Cr to ₹56 Cr in a single year. Other income includes a ₹8.98 Cr one-time gain on sale of trademark to the holding company (Vartis Platforms Pvt Ltd); a recurring ₹1.50 Cr brand-royalty fee is now payable to the same parent. A ₹5.44 Cr employee stock option charge appeared during the year (non-cash). The deferred tax asset balance grew ₹75 Cr while the P&L deferred tax credit was only ₹0.08 Cr, a reconciliation gap that the article does not resolve from the directors' report and balance sheet alone.

Faircent

Faircent's FY25 revenue from operations fell to ₹27.02 Cr from ₹46.89 Cr, a 42% decline in a single year. The audit records a net profit of ₹0.34 Cr, down 93% from ₹4.74 Cr the prior year. The entity stayed marginally profitable by cutting other and administrative expenses 49%, employee benefits 15%, and trade payables to a fraction of last year's level. The structural feature of the balance sheet is the ₹12.04 Cr of deferred tax assets on a ₹29.39 Cr total asset base, a 41% concentration. Zero debt; ₹4.21 Cr in cash and current investments. The auditor describes the company as a virtual marketplace where borrower and lenders interact directly; Faircent does not lend on its own balance sheet.