Board clears Q1 results, plans Rs 150 cr NCD public issue
SMCGLOBAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved Q1 FY27 results with consolidated profit after tax of Rs 41.88 crore versus Rs 30.63 crore year ago, on total income of about Rs 316 crore. Standalone profit after tax was Rs 2,119 lakhs. Board also approved raising up to Rs 150 crore via public issue of secured, rated, listed, redeemable NCDs of face value Rs 1,000, with a base size of Rs 75 crore and green shoe option. Company submitted security cover certificate confirming 110 percent cover maintained on all outstanding NCDs.
Strong earnings growth and fresh NCD raise signal expansion plans; may marginally lift leverage but strengthens capital base for broking and financing businesses.