Financial Results
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMC Credits Ltd, an NBFC registered with RBI, reported strong financial performance for FY2026. Total income more than doubled to Rs 4,253.47 lakhs from Rs 1,900.38 lakhs in the previous year. Net profit after tax surged 160% to Rs 3,254.62 lakhs from Rs 1,251.62 lakhs. The company has an investment portfolio of Rs 11,289.77 lakhs primarily in unlisted entities. The auditors issued an unmodified (clean) opinion, confirming the financial statements are reliable. Key concerns include the use of March 2025 valuation data for unlisted investments due to unavailability of March 2026 audited figures for investee companies, which resulted in a negative Other Comprehensive Income of Rs 1,245.68 lakhs due to fair value changes on equity instruments.
The stock shows excellent profitability growth with 160% PAT increase. The clean audit opinion with no going concern issues is positive. However, investors should note the valuation methodology for unlisted investments using older data and significant negative OCI from investment fair value changes.