Ashika Global H1FY27 PAT ₹118.08 Cr, Subsidiaries See Rating Upgrade

Ashika Global Securities Limited announced its consolidated financial results for H1FY27, reporting a Profit After Tax (PAT) of ₹118.08 crore on a total income of ₹234.43 crore. Key highlights include a credit rating upgrade for its material subsidiary, Ashika Stock Services Limited, from BBB+ to A-. The company also made significant progress in its alternative investment business, with Ashika Growth Equity Fund and Ashika Credit Opportunities Fund achieving their first closes with commitments exceeding ₹215 crore and approximately ₹300 crore, respectively. A new specialized healthcare fund, Ashika DNA Fund, was launched. Furthermore, the company successfully completed the rollout of its integrated wealth platform, Dhanush 2.0, and filed two Draft Red Herring Prospectuses (DRHPs) for mainboard IPOs, bolstering its investment banking presence. Progress is also being made towards regulatory approval for its Mutual Fund business.