AGAshika Global Securities543766Quarterly results

Q2 standalone slips to a loss of Rs 1,315.81 lakhs; board adopts unaudited results, NIL deviation statement

Board of Ashika Global Securities met on 31st October, 2026 and approved unaudited standalone and consolidated results for the quarter and half-year ended 30th September, 2026.

By ScoutQuest · Sat 31 Oct 2026, 3:57 PM IST · 3 min read

Q2 standalone total income

Rs 1,252.24 lakhs

Q2 standalone loss after tax

Rs 1,315.81 lakhs

Half-year standalone profit after tax

Rs 7,755.89 lakhs

The board meeting held on 31st October, 2026 was mainly about the company's numbers for the September 2026 quarter and half-year, along with a NIL statement of deviation or variation for the quarter.

What the board approved

• Unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September, 2026, reviewed by statutory auditors J K V S & Co, whose conclusion carries no modification.
• A NIL Statement of Deviation or Variation for the quarter ended 30th September, 2026.

Standalone performance, quarter and half-year

• Total income for the September 2026 quarter was Rs 1,252.24 lakhs, against Rs 1,974.68 lakhs in the September 2025 quarter.
• The quarter ended in a loss after tax of Rs 1,315.81 lakhs, against a loss after tax of Rs 137.09 lakhs a year earlier.
• For the half-year, total income was Rs 10,899.54 lakhs and profit after tax Rs 7,755.89 lakhs, against Rs 10,630.85 lakhs and Rs 1,415.82 lakhs respectively a year earlier.
• Basic earnings per share were Rs (1.78) for the quarter and Rs 10.51 for the half-year, not annualised.
• The June 2026 quarter carried a net gain on fair value changes of Rs 11,764.99 lakhs, while the September 2026 quarter carries a net loss on fair value changes of Rs 2,833.49 lakhs. This swing is the main reason the two quarters look so different.

Balance sheet, standalone

• Total assets were Rs 1,18,323.64 lakhs as at 30th September, 2026, against Rs 1,22,405.58 lakhs as at 31st March, 2026.
• Total equity was Rs 1,14,236.81 lakhs as at 30th September, 2026, against Rs 1,05,483.18 lakhs as at 31st March, 2026.
• Cash and cash equivalents were Rs 8,042.31 lakhs as at 30th September, 2026, against Rs 2,450.51 lakhs as at 31st March, 2026.

Warrants: conversion and forfeiture

• The company had allotted 18,00,000 convertible warrants on 26th December, 2024 at Rs 609 per warrant (face value of Rs 10 each plus a premium of Rs 599), aggregating Rs 10,962 lakhs. Of this, 25% was paid upfront at Rs 152.25 per warrant (Rs 2,740.50 lakhs) and 75% was payable at Rs 456.75 per warrant (Rs 8,221.50 lakhs).
• During the half-year ended 30th September, 2026, the balance 75% was received for 2,00,000 warrants, and these were converted into an equal number of equity shares of face value Rs 10 each.
• For 16,00,000 warrants, the upfront amount of Rs 2,436.00 lakhs has been forfeited, because the balance 75% was not received within the eighteen-month exercise period ending 25th June, 2026.

Group and investment changes

• The company held 19.87%, or 2,60,000 equity shares, of Ashika Capital Ltd as at 31st March, 2026. It acquired 10,50,000 further shares at Rs 374.52 per share on 30th June, 2026, making that company a wholly owned subsidiary, with an impact of Rs 534.41 lakhs recognised in other comprehensive income.
• On 11th May, 2026 it sold 9,22,200 equity shares of Ashika Logistics Private Limited, being 100% of that company's equity capital, for Rs 184.44 lakhs against a book value of Rs 152.80 lakhs, recording a profit of Rs 31.63 lakhs. That company ceased to be a subsidiary.
• The company's name changed from Ashika Credit Capital Limited to Ashika Global Securities Limited during the half-year.
• The business falls within a single reportable segment, Financial Services.

How a reader can look at it

• The two time frames point in different directions: the half-year is profitable, while the September quarter itself is a loss before tax. The movement in fair value gains and losses explains most of the gap between the June and September quarters.
• The forfeiture means Rs 2,436.00 lakhs of upfront money stays with the company, while 16,00,000 warrants lapse, so the equity dilution that would have followed on those warrants does not take place.
• Comparatives for the September 2025 period have been restated for two amalgamation schemes accounted under the pooling of interest method, so the year-on-year figures are not strictly comparable with previously published results.
• Perceptions can be mixed: the loss in the quarter is the weak spot, while the profitable half-year, NIL deviation statement and the subsidiary changes are the offsetting points to weigh.

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