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Ashika Credit Capital Ltd has reported its audited financial results for the fiscal year ending March 31, 2026. The company's standalone profit after tax rose by 6.86% to ₹45.27 crore, primarily driven by increased revenue. However, the group's consolidated profit experienced a notable decline.
For the fiscal year 2026, Ashika Credit Capital's standalone revenue from operations grew to ₹95.09 crore from ₹90.82 crore in fiscal year 2025. This top-line growth supported a rise in standalone profit after tax from ₹42.36 crore to ₹45.27 crore. On a consolidated basis, the group's revenue from operations increased by 9.27% year-on-year, reaching ₹254.09 crore. Despite this revenue growth, consolidated profit after tax fell to ₹59.30 crore from ₹75.70 crore in the prior fiscal year.
In a significant strategic move, the company's Board of Directors has approved the acquisition of Ashika Capital Limited, a group entity. The deal is valued at a cash consideration not exceeding ₹22 crore and is expected to be completed by September 30, 2026. This acquisition aims to streamline operations and enhance the group's market presence. Additionally, Ashika Stock Services Limited has been formalized as a material wholly-owned subsidiary, while Ashika Global Custodial Services Pvt. Ltd. will no longer be a subsidiary after the company decided against initial capital infusion.
A key development in corporate governance is the resignation of the company's statutory auditors, M/s. DHC & Co. The firm stepped down due to ineligibility criteria set by the Reserve Bank of India (RBI). The Board has appointed M/s. J K VS & Co. as the new statutory auditors.
The Board also recommended a final dividend of Re 0.50 per equity share, subject to shareholder approval.
The contrasting trends in standalone and consolidated profits suggest varied performance across different business segments. While standalone operations show strength, the consolidated figures indicate pressures elsewhere in the group. The acquisition of Ashika Capital Limited is expected to drive operational synergies. Investors will be closely watching the integration process of the acquired entity and the performance under the new auditors. Attention will also be on management's explanation for the dip in consolidated profit and the steps being taken to address it.