The Board, along with other agenda items, considered and approved the following: 1. Financial Results for the Quarter and Half Year Ended September 30, 2025 I. The Unaudited Standalone ....
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The Board of S. M. Gold Ltd approved its unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations surged to Rs. 44.69 crore in Q2 FY26, up sharply from Rs. 18.30 crore in Q2 FY25, while H1 FY26 revenue rose about 69% year-on-year to Rs. 70.22 crore. Profit after tax for H1 FY26 grew roughly 73% to Rs. 57.72 lakhs (vs Rs. 33.41 lakhs a year ago), though Q2 PAT dipped to Rs. 43.21 lakhs from Rs. 68.29 lakhs as margins compressed on higher input costs. The auditor (Shah Karia & Associates) issued an unqualified limited review report. The Board also cleared a Rights Issue of equity shares (face value Rs. 10) aggregating up to Rs. 49 crore to existing shareholders, with final terms such as ratio, price, and record date to be announced later.
The strong revenue ramp-up and H1 PAT growth are positives for the stock, but the sharp trade receivables build-up (Rs. 13.82 crore vs Rs. 31 lakhs in March) and a planned Rs. 49 crore Rights Issue signal near-term dilution risk that investors should watch closely.