Please find enclosed herewith the Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2025.
ASHIKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashika Credit Capital reported a sharp swing to losses for FY25, with standalone net loss after tax of Rs. 5,142.24 lakhs versus a profit of Rs. 1,070.38 lakhs in FY24. Total revenue from operations dropped to Rs. 424.04 lakhs from Rs. 1,838.31 lakhs, a decline of roughly 77%. The loss was largely driven by a steep rise in finance costs to Rs. 5,041.87 lakhs (vs Rs. 284.71 lakhs) along with impairment on financial instruments of Rs. 343.54 lakhs. Cash flow from operating activities was deeply negative at Rs. (7,510) lakhs. The Board declared no dividend, noted a change of statutory auditor (from DMKH & Co. to DHC & Co., who issued an unmodified opinion), and also disclosed several preferential allotments, amalgamation schemes, and the intent to explore acquiring a stock broking company.
Shareholders face a year of heavy losses, sharp revenue contraction, and negative operating cash flows, which weakens near-term earnings visibility despite the auditor's clean opinion. Expansion plans via acquisitions and preferential fundraising signal management's pivot toward scaling, but execution and capital allocation risks remain high.