The Board of Director in their meeting held on today has considered and approved unaudited financial statement for the quarter and half year ended 30th September 2025
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S. M. Gold Ltd reported a sharp rise in revenue for the quarter ended September 2025, with operating revenue of Rs. 44.69 crore versus Rs. 18.30 crore in the same quarter last year, a jump of about 144 percent. However, quarterly profit after tax fell to Rs. 43.21 lakh from Rs. 68.29 lakh a year ago, indicating margin pressure despite higher sales. For the half year ended September 2025, revenue grew to Rs. 70.22 crore from Rs. 41.61 crore (about 69 percent YoY), and profit after tax rose to Rs. 57.72 lakh from Rs. 33.41 lakh (about 73 percent YoY). Trade receivables ballooned sharply to Rs. 13.82 crore from Rs. 0.31 crore, while short-term borrowings stayed largely flat at around Rs. 16.16 crore. The auditor (Shah Karia & Associates) issued an unqualified limited review report with no qualifications or emphasis of matter. Separately, the board approved a rights issue of fully paid-up equity shares of Rs. 10 face value for an aggregate amount of up to Rs. 49 crore; terms such as ratio, price, and record date will be announced later.
Strong top-line growth and improving half-yearly profits are positive for shareholders, but the quarterly PAT dip and the steep rise in trade receivables raise concerns about collections and working capital. The proposed Rs. 49 crore rights issue will dilute existing shareholders unless they fully subscribe, so investors should watch the terms once announced.