Audited Standalone Financial Results for the 4th Quarter and Year ended 31st March, 2025.
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SMC Credits Ltd, an RBI-registered NBFC, reported a strong FY25 with total income from operations at Rs 1,900.38 lakhs vs Rs 907.23 lakhs in FY24, more than doubling year-on-year. Net profit for the year surged to Rs 1,251.62 lakhs from Rs 307.28 lakhs (~307% growth), driven by both higher core lending income (Rs 1,530.73 lakhs vs Rs 826.71 lakhs) and a large fair-value gain on equity investments reflected in total comprehensive income of Rs 18,011.46 lakhs. Q4 FY25 turned around sharply with net profit of Rs 339.45 lakhs versus a loss of Rs 184.02 lakhs in Q4 FY24. EPS for the year rose to Rs 5.00 from Rs 4.23. The statutory auditor issued an unmodified opinion and confirmed no going-concern issues. The company also appointed a new Secretarial Auditor (5-year term) and a new Internal Auditor, and confirmed no deviation in use of Rs 1,503.33 lakhs raised via the December 2022 Rights Issue.
Strong year for shareholders — profit grew over 4x and revenue nearly doubled, with the auditor giving a clean unqualified opinion and no going-concern flags. However, a large share of the comprehensive income gain is unrealised fair-value movement on equity investments, so core operating quality should be looked at alongside the headline numbers.