Outcome of Board Meeting - Integrated Filing (Financial Results)
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SMC Credits Limited, a Delhi-based NBFC (BSE scrip code 532138), held a board meeting on February 14, 2026 and approved unaudited financial results for Q3 FY26 (quarter and nine months ended December 31, 2025). The limited review report by statutory auditor M/s Kumar Ashwani & Associates is clean and unmodified, with no qualifications, emphasis of matter, or adverse comments. Per-share earnings for 9M FY26 stood at Rs 14.19 (basic) versus Rs 3.64 in the year-ago period, implying net profit for 9M FY26 grew roughly 290% year-on-year. Profit before tax for 9M FY26 came in at Rs 3,850.79 lakhs versus Rs 1,191.62 lakhs in 9M FY25 — a 223% YoY jump that points to strong top-line growth as well. Exceptional items were nil across all periods, meaning the profit surge is from core operations. The company also confirmed that the Rs 1,503.33 lakhs raised via a rights issue in December 2022 has been fully utilised (except a negligible Rs 0.65 lakhs balance) with no deviation from the stated objects.
The strong profit growth and clean auditor review are positive for shareholders, reflecting improving operating performance. However, the near 4x jump in PAT for a small-cap NBFC warrants closer investor scrutiny on whether the gains are sustainable; the absence of exceptional items adds some comfort that this is a real operating improvement.