Please find attached herewith the Integrated Filing (Financial- Standalone and Consolidated) of Ashika Credit Capital Limited for the quarter and year ended 31.03.2025
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Ashika Credit Capital Ltd reported a sharp swing to losses in FY25, with standalone Loss After Tax of Rs 5,142.59 lakhs versus a profit of Rs 1,070.38 lakhs in FY24. Consolidated FY25 loss attributable to owners stood at Rs 5,144.94 lakhs. Total revenue from operations fell sharply to Rs 424.04 lakhs (standalone) from Rs 1,838.31 lakhs in FY24, a drop of about 77%. The loss was primarily driven by a net loss on fair value changes of Rs 5,041.87 lakhs. Q4 FY25 standalone loss after tax was Rs 2,029.46 lakhs. Net cash used in operating activities was a deeply negative Rs 29,414.40 lakhs standalone. Total assets grew dramatically to Rs 44,330.44 lakhs from Rs 9,490.30 lakhs, driven by multiple preferential allotments, warrant conversions, and a jump in investments. The company also acquired 51% in Ashika Private Equity Advisors (Jan 2025) and is pursuing merger schemes with Yaduka Financial Services and a composite amalgamation involving Ashika Global Securities. Statutory auditor changed from DMKH & Co. to DHC & Co. for FY25.
Shareholders face a deeply negative earnings outcome dominated by mark-to-market fair value losses, shrinking top line, and heavy cash burn from operations, though the balance sheet was expanded through large preferential share and warrant issuances that diluted existing holders. The auditor change and active M&A activity are worth monitoring closely.