Indo SMC Limited has reported its audited standalone financial results for the year ended March 31, 2026. The company's board approved the results during a meeting held on May 19, 2026. The financial performance reflects significant growth in both revenue and profitability compared to the previous fiscal year, driven by robust operational momentum and strategic expansion into higher-margin segments.

Annual Financial Performance

For the fiscal year 2025-26, INDO SMC recorded a revenue from operations of ₹30,973.93 lakhs, a substantial increase from ₹13,869.25 lakhs in the previous year. The company's net profit for the year stood at ₹3,238.30 lakhs, compared to ₹1,683.26 lakhs in FY25. Basic earnings per share (EPS) for the year rose to ₹18.09 from ₹10.48 in the prior year. The total income for the year, which includes other income, was reported at ₹31,049.53 lakhs. Total expenditure for the period amounted to ₹26,284.88 lakhs, while the profit before tax for the year was ₹4,053.67 lakhs.

Segment and Operational Highlights

The CT PT Products segment emerged as the largest contributor with FY26 revenue of ₹222.0 Cr. SMC Products revenue stood at ₹64.0 Cr with segment profit of ₹16.1 Cr, while FRP Products revenue stood at ₹23.7 Cr with segment profit of ₹3.0 Cr. The company reported healthy cash and cash equivalents of ₹53.6 Cr as on March 31, 2026. Capacity additions and ongoing investments in plant & machinery are expected to support future growth momentum.

Future Guidance and Order Book

Management has provided a revenue target of ₹450 crores to ₹500 crores for FY27. The company currently holds an order book of approximately ₹237 crores as of March 31, 2026, and has secured fresh orders worth ₹125 crores from April 1 onwards. The total order book stands at around ₹362 crores, with an execution target of 3 to 6 months. The order book includes approximately ₹125 crores in CT PT and LTCT segments, while the remainder comprises SMC, FRP, and tarpaulins.

Management emphasized a strategic shift towards higher-margin products such as CT PT, busducts, and meter cubicles, which offer better EBITDA margins compared to SMC products. The company aims to maintain an EBITDA margin of 15% or higher in the coming year. To support this growth, Indo SMC plans to execute a capex of ₹25 crores, focusing on increasing SMC capacity to 6,000 tons plus and developing an additional 300 tons of production in the FRP unit.

Management Commentary

Commenting on the performance, Mr. Neel Shah, Managing Director & CFO, INDO SMC Limited, stated: "Our FY26 performance reflects the successful execution of our expansion strategy and the strong demand environment across our key product categories. The significant growth in CT PT products along with steady performance from SMC and FRP segments has enabled us to deliver robust revenue and profitability growth during the year." He further added that the company is targeting to become a ₹1,000 crore plus entity in the next three years, leveraging the growing demand in the utilities and electrical industry.

INDO SMC Limited has secured a purchase order worth Rs. 900 Lacs (excluding tax) for the supply of bus bar distribution panel boxes. The order was received from a prominent Indian engineering and manufacturing company specialising in heavy industrial machinery — primarily manufacturing elevators, escalators, and pumping systems — based in Ahmedabad. The development was disclosed to the Bombay Stock Exchange on May 19, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details at a Glance

The key terms and parameters of the purchase order are outlined below:

About the Product

A bus bar distribution panel box is a centralised electrical enclosure that distributes power from a main source to multiple outgoing circuits. It utilises thick, conductive copper or aluminium strips — known as bus bars — rather than traditional cables. This design minimises energy loss, reduces wiring clutter, and accommodates large electrical loads within a compact and highly organised space.

Significance of the Order

Indo SMC noted that this purchase order reflects the company's strong execution capabilities and its continued long-term relationship with its valued customers for the supply of bus bar distribution panel boxes. The customer is described as one of the prominent Indian engineering and manufacturing companies, specialised in heavy industrial machinery. The order is a domestic commercial transaction with no related party interest involved.

The intimation was signed by Avani Patel, Company Secretary & Compliance Officer (Membership No: A66815), on behalf of INDO SMC Limited.