Unaudited Financial Results for quarter and half year ended September 30,2025 along with limited review report , along with statement of deviation or variation in utilization of fund raised.
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SMC Credits Limited reported a strong H1 FY26 (April-September 2025) performance, with net profit jumping to Rs. 31.28 crore from Rs. 6.39 crore in H1 FY25 — a rise of nearly 390%. Total income for the half year stood at Rs. 35.36 crore, up sharply from Rs. 10.43 crore a year ago, largely supported by a big spike in other income. For Q2 FY26 alone, the company posted a net profit of Rs. 9.21 crore versus Rs. 5.16 crore in Q2 FY25, on total income of Rs. 9.22 crore. Income from operations (core lending/investment activity) for Q2 was Rs. 8.80 crore, slightly lower than Q1 FY26's Rs. 10.46 crore. The auditor, Kumar Ashwani & Associates, gave an unmodified review report on the numbers. The balance sheet is dominated by investments of about Rs. 1,246 crore against tiny borrowings of Rs. 5.38 crore, giving the company a very strong equity base of Rs. 1,273 crore. Separately, the company confirmed that the Rs. 15.03 crore raised via a December 2022 rights issue has been used fully as planned, with no deviations reported.
The dramatic profit growth is largely driven by gains from the company's large investment portfolio rather than its core lending business, so investors should view this as a market-linked result. The virtually debt-free, investment-heavy balance sheet means the stock's earnings can be volatile depending on market conditions.