Company generates majority of the income from distribution of mutual funds and distribution and sale of financial products. In FY21 company saw a fall in revenue, as trail income from distribution of debt mutual funds reduced sharply, clients shifted from it to overnight/liquid funds owing to the fear of a crisis in bond markets started to rise. Further, income from Distribution and financial product, decreased owing to the negative sentiment in the financial markets. 

On the other hand other income increased by 203.40% due to increase in interest income, gain on sale of investment and other miscellaneous income, which mainly comprises of business support charges and rent waiver income.

Total income of the company has reduced due to change in market sentiments during covid times, side by side company also saw reduction in its expenses, as in anticipation of the adverse impact of the outbreak of the COVID-19 pandemic in March 2020, they introduced significant cost 

control measures. They also showed decrease in finance costs due to fulfilment of short term fund requirements through internal accruals. While deferred tax expenses increased by ₹ 10.80 million due to fair valuation of financial instruments.

EPS of the company was continuously improving from past 4 years, but has fallen last year owing to reduction in profit of the company. This fall doesn't seem to be continued as company is constantly improving its technology and working on other segments, like providing digital platforms via its subsidiaries, to be pre-prepared for any other situation like covid pandemic.

Book Value of the company is constantly improving owing to increase in reserves and surplus and retained earning of the company. As this industry is very dynamic, company is trying to be ready for upcoming challenges and technological changes hence they are trying to save money for future growth of the business.

EBITDA of the company has seen a fall from FY20. As the whole industry was impacted by covid, investors were avoiding investments in market, this led to fall in revenue of the company. Irrespective of that, they worked on reducing their expenses by introducing significant cost control measures, which resulted in decline in business promotion and marketing expenses and travelling and conveyance expenses.

Depreciation and amortisation expenses decreased by 17.85%, primarily on account of decrease in amortization of customer relationship cost to ₹ 0.29 million for FY21 from ₹ 25.21 million for FY20 and change in estimation of amortisation period for intangible assets from seven years to ten years in the Subsidiaries. It made a significant change in the expenses of the company. While income has also seen a downfall in FY21, due to rising fear among investors after covid pandemic.

Total assets of the company were continuously increasing at high pace as company was working towards improving its technology and other assets, but last year they have seen a fall, majorly due to degrowth in current assets specifically due to fall in intercorporate deposit to related party, as company was also impacted by the pandemic and couldn't  lend money to related parties, while fair value of debentures and option premium also reduced due to reduction in market price of contract options.

Company has seen significant downfall in its cash flows majorly due to drop in its earnings, further increase in trade receivables and decrease in provisions and other financial liability led to its degrowth.