Outcome of Board Meeting dated 30 May 2026
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SMC Credits Ltd, an NBFC registered with RBI, reported audited financial results for FY 2025-26. Total income grew to Rs. 2,58,347 Lakhs from Rs. 1,90,038 Lakhs in FY 2024-25, representing approximately 36% revenue growth. Net profit after tax increased significantly to Rs. 3,25,462 Lakhs from Rs. 1,35,162 Lakhs, marking exceptional PAT growth of around 141%. Diluted EPS improved to Rs. 12.99 from Rs. 5.00 in the prior year. Total assets stood at Rs. 1,16,443.74 Lakhs (down from Rs. 1,26,107.62 Lakhs). The statutory auditor Kumar Ashwani & Associates issued an unmodified opinion. The audit committee noted no deviation in utilization of funds from the Rs. 1,503.33 Lakhs right issue raised in December 2022. The auditors flagged that the accounting software's audit trail feature was not operating effectively throughout the year.
The company delivered exceptional profit growth with PAT more than doubling year-on-year, which is a strong positive signal for shareholders. The auditors' unmodified opinion confirms financial statement reliability. However, the total asset decline and the audit trail issue noted by auditors warrant attention.