Please find enclosed herewith un-audited Standalone and Consolidated financial results for quarter and half year ended 30.09.2025.
ASHIKA · price
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Ashika Credit Capital Ltd (NBFC, Middle Layer) reported its Q2 and H1 FY26 results on 7th November 2025. Standalone total income for H1 FY26 stood at Rs. 8,801.76 lakhs, sharply higher than Rs. 3,557.83 lakhs in H1 FY25, driven largely by net gain on fair value changes of Rs. 8,042.12 lakhs versus a fair value loss of Rs. 5,041.87 lakhs last year. Profit after tax for H1 FY26 jumped to Rs. 6,193.34 lakhs (vs Rs. 2,274.17 lakhs last year), with standalone EPS of Rs. 16.31 for the half year. The Board approved three new wholly-owned subsidiaries for wealth management & advisory, insurance (corporate agent – composite), and custodial services, and also approved exploring a GIFT City IFSC unit. The merger of Yaduka Financial Services with the company was approved by NCLT Kolkata on 4th November 2025, while the proposed acquisition of an additional 24.5% stake in Ashika Private Equity Advisors was withdrawn. Limited Review Report by DHC & Co. is unmodified.
Strong headline PAT growth is largely driven by volatile fair value gains rather than core interest/fee income, so earnings quality is weak. The strategic diversification into wealth, insurance distribution, custodial services, and GIFT City could open new revenue streams but execution risk remains. Negative operating cash flow of over Rs. 100 crore signals heavy deployment into investments, warranting close watch by shareholders.