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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
NET REVENUE      
Loan facilitation, post-origination and other service, net $ 108,148,255 $ 23,092,405 $ 11,917,870
Business and sales related taxes (890,414) (171,862) (23,644)
NET REVENUE 107,257,841 22,920,543 11,894,226
OPERATING EXPENSES      
Sales and marketing 15,241,637 5,212,127 3,840,143
Service and development 8,495,768 5,149,265 2,358,867
General and administrative 5,816,130 2,645,605 1,554,833
Share-based compensation 1,828,868 0 0
Total operating expenses 31,382,403 13,006,997 7,753,843
INCOME FROM OPERATIONS 75,875,438 9,913,546 4,140,383
OTHER INCOME (EXPENSE)      
Other income 683,393 198,624 37,751
Other expense (22,516) (19,095) (11,481)
Total other income, net 660,877 179,529 26,270
INCOME BEFORE INCOME TAXES 76,536,315 10,093,075 4,166,653
PROVISION FOR INCOME TAXES 11,025,690 1,522,211 628,246
NET INCOME 65,510,625 8,570,864 3,538,407
Less: net income attributable to non-controlling interest 28,652    
NET INCOME ATTRIBUTABLE TO HEXINDAI'S SHAREHOLDERS 65,481,973 8,570,864 3,538,407
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment 6,028,143 (1,080,036) (482,083)
COMPREHENSIVE INCOME 71,538,768 7,490,828 3,056,324
Less: comprehensive income attributable to non-controlling interest 132,814    
COMPREHENSIVE INCOME ATTRIBUTABLE TO HEXINDAI'S SHAREHOLDERS $ 71,405,954 $ 7,490,828 $ 3,056,324
Earnings per common share*-basic (in dollars per share) [1] $ 1.46 $ 0.20 $ 0.08
Earnings per common share*-diluted (in dollars per share) [1] $ 1.37 $ 0.20 $ 0.08
Weighted average number of shares outstanding*-basic [1] 44,977,780 42,331,200 42,080,000
Weighted average number of shares outstanding*-diluted [1] 47,656,263 42,331,200 42,080,000
[1] The shares and per share data are presented on a retroactive basis to reflect the nominal share issuance. See Note 15.