Outcome of Board Meeting - Integrated Filing (Financial Results)
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Awaiting price reaction for this filing.
SMC Credits Limited, a Delhi-based NBFC, reported unaudited results for Q2 and H1 FY26 (ended September 30, 2025) on November 14, 2025. Income from operations grew about 10% year-on-year in Q2 to Rs 880.20 lakhs, while H1 income from operations rose roughly 92% to Rs 1,926.74 lakhs. Net profit for Q2 jumped around 79% to Rs 921.04 lakhs, and H1 net profit surged about 390% to Rs 3,127.76 lakhs — driven largely by a one-time spike in other income (Rs 1,608.78 lakhs in H1 vs Rs 40.71 lakhs a year ago) tied to fair value gains on investments. The balance sheet shows total assets of Rs 1,281.81 crore, dominated by investments of Rs 1,246.26 crore, while borrowings fell sharply to Rs 538.35 lakhs from Rs 1,387.55 lakhs at March-end 2025. Auditor Kumar Ashwani & Associates issued a clean (unmodified) review report, and the company confirmed no deviation in the use of proceeds from its December 2022 rights issue of Rs 1,503.33 lakhs.
Headline profit growth looks very strong but is inflated by a non-operating, likely one-time fair value gain on the company's large investment portfolio — core lending-income growth is solid but far more modest. Borrowings have fallen sharply and equity is very strong, so balance-sheet quality remains a positive; investors should focus on the underlying operational income trend rather than the headline PAT spike.