Ashika Credit Capital Ltd — Results, 02-08-2025: Result

Ashika Credit Capital has announced a board meeting where it adopted the financial results for the quarter, reporting a consolidated net profit of Rs. 50.21 Cr on revenue of Rs. 69.89 Cr. Strategically, the company will acquire an additional 24.5% stake in its subsidiary, Ashika Private Equity Advisors Pvt Ltd, increasing its holding to 75.50% to strengthen its position for a new AIF. The company also completed warrant conversions, raising Rs. 116.63 Cr and is exploring opportunities in the insurance business. It has also been reclassified to a Middle Layer NBFC due to its group asset size exceeding Rs. 1,000 Cr, requiring new compliance measures.