S.M. Gold FY26 net profit rises 175% on revenue surge
S.M. Gold Limited reported a 175.4% rise in FY26 net profit to ₹156.91 lakh, supported by a 77.7% increase in revenue to ₹15,606.16 lakh. The board approved the audited results, which received an unmodified opinion from statutory auditors.

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S.M. Gold Limited reported a 175.4% increase in net profit to ₹156.91 lakh for the financial year ended March 31, 2026, driven by a 77.7% surge in revenue from operations to ₹15,606.16 lakh. The company’s board approved the standalone audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026.
The statutory auditors, M/s. Shah Karia & Associates, issued an audit report with an unmodified opinion for the financial year. The trading window for insiders, which was closed on April 1, 2026, will reopen 48 hours after the declaration of these results.
Revenue from operations for the quarter ended March 31, 2026, stood at ₹3,309.91 lakh, compared to ₹1,466.69 lakh in the corresponding period of the previous year. For the full year, total revenue increased to ₹15,609.62 lakh from ₹8,792.70 lakh in FY25.
The company’s profit before tax for FY26 rose to ₹201.33 lakh from ₹71.15 lakh in the previous year. Basic earnings per share for the year improved to ₹1.19 from ₹0.57 in the prior year.
Financial Performance for FY26
The following table outlines the key financial metrics for S.M. Gold Limited for the financial year ended March 31, 2026, compared to the previous year:
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 15,606.16 | 8,778.92 |
| Total Revenue | 15,609.62 | 8,792.70 |
| Total Expenses | 15,408.29 | 8,721.55 |
| Profit before tax | 201.33 | 71.15 |
| Net Profit | 156.91 | 56.98 |
Balance Sheet Highlights
Total assets grew to ₹5,226.02 lakh as of March 31, 2026, up from ₹4,016.84 lakh a year earlier. Inventories increased to ₹3,805.88 lakh from ₹3,197.65 lakh, while investments in non-current assets rose to ₹1,011.67 lakh from ₹610.99 lakh. Equity share capital increased to ₹1,323.75 lakh from ₹1,003.75 lakh during the year.
Historical Stock Returns for SM Gold
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.56% | -1.27% | +1.47% | -9.83% | -26.64% | -79.55% |
What strategic initiatives will S.M. Gold Limited implement to sustain the current revenue growth rate in the next fiscal year?
How does the company plan to manage the significant increase in inventory levels to mitigate risks associated with gold price volatility?
Will the increase in equity share capital lead to new acquisitions or capital expenditures, particularly in non-current assets?


































