Outcome of Board Meeting to consider Un-audited Financial Results for the 1st quarter ended June 30, 2025 & Other Matters.
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SMC Credits Limited's Board met on August 13, 2025 and approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total income surged to Rs. 2,613.29 lakhs from Rs. 222.14 lakhs in Q1 FY25, driven by a sharp jump in 'Other Income' (Rs. 1,566.75 lakhs vs Rs. 20.13 lakhs). Net profit after tax rose dramatically to Rs. 2,206.72 lakhs (EPS Rs. 8.81) from Rs. 123.53 lakhs (EPS Rs. 0.49) in the same quarter last year. The Board also appointed M/s. Kumar Ashwani & Associates as Statutory Auditor for 3 years, approved the FY25 Annual Report and Directors' Report, and fixed September 30, 2025 for the 33rd AGM. The auditor gave an unmodified limited review conclusion, and no deviation was reported in the use of Rights Issue proceeds.
The headline numbers look exceptional, but most of the profit surge is driven by a one-time spike in 'Other Income' rather than core lending operations, so shareholders should watch whether this is sustainable. New auditor appointment and routine AGM approvals have no immediate price impact.