Please find the enclosure attached herewith.
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 Ltd's board, on May 10, 2025, approved audited standalone and consolidated financial results for FY25 (year ended March 31, 2025) with an unmodified (clean) auditor's opinion. On a standalone basis, the company swung to a loss after tax of ₹5,142.24 Lakhs, compared to a profit of ₹1,070.38 Lakhs in FY24, with EPS at ₹(5.40) versus ₹9.01. Total income fell sharply to ₹429.03 Lakhs from ₹1,838.31 Lakhs, while total expenses ballooned to ₹7,091.42 Lakhs, largely driven by net fair value losses of ₹5,041.87 Lakhs. Net cash from operating activities was deeply negative at ₹(38,489.17) Lakhs (vs positive in FY24). No dividend was declared; the board approved exploring the acquisition of a stock broking company, appointed MR & Associates as secretarial auditors for 5 years, and re-appointed an independent director.
Sharp swing to losses, collapsing income, and a large negative operating cash flow are clearly negative for existing shareholders. However, the company has been aggressively raising capital via preferential share and warrant issues, and pursuing acquisitions and mergers (stock broking, Yaduka Financial Services, AGSPL, Ashika Private Equity Advisors) to reshape its business, which may dilute current shareholders but could support future growth if executed well.