Ashirwad Capital Limited

BOM:ASHCAPFinancial Services

——At close · Market cap —

ASHCAP · Income statement · TradingHolo

INR millions	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	YoY
Revenue	7.0	12.2	9.6	18.8	10.3	14.5	+40.4%
Cost of revenue	0.1	0.1	0.2	0.1	0.2	0.2	+0.0%
Gross profit	6.9	12.1	9.4	18.6	10.1	14.3	+41.3%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	0.2	0.2	0.3	0.2	0.2	0.0	−100.0%
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	−100.0%
Operating expenses	0.8	0.9	0.9	1.2	1.5	2.1	+40.8%
Operating income	6.0	11.2	8.5	17.4	8.6	12.2	+41.4%
Interest expense	0.0	0.0	0.0	0.0	0.8	2.9	+249.8%
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	—
Other income / expense	0.0	0.0	0.0	(0.1)	1.2	(0.4)	−132.4%
Pre-tax income	6.0	11.2	8.5	17.3	9.8	11.9	+20.7%
Income tax	0.3	1.3	0.9	1.8	1.4	1.5	+7.7%
Net income	5.8	9.9	7.6	15.5	8.4	10.4	+22.8%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	0.06	0.11	0.09	0.17	0.09	0.12	+28.1%
EPS, diluted (per share)	0.06	0.11	0.09	0.17	0.09	0.12	+28.1%
EBITDA	6.1	11.3	8.6	17.5	10.7	14.8	+38.4%
Depreciation & amortization	0.1	0.1	0.1	0.1	0.1	0.1	+47.1%
Weighted average shares (shares)	92,493,691	90,000,000	87,576,923	89,325,000	90,000,000	87,300,000	−3.0%
Weighted average diluted shares (shares)	92,493,691	90,000,000	87,576,923	89,325,000	90,000,000	87,300,000	−3.0%
Gross margin	98.0%	98.9%	98.1%	99.2%	97.9%	98.5%	+0.6 pts
Operating margin	85.9%	91.6%	88.3%	92.8%	83.7%	84.2%	+0.6 pts
Net margin	81.7%	81.1%	78.9%	82.5%	81.6%	71.3%	−10.2 pts

INR millionsUpdated Tue 31 Mar ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.