S.M. Gold Q1 Results: Net profit rises 267% YoY to ₹53 lakh
S.M. Gold Ltd delivered a strong Q1FY27 performance with net profit jumping 267% YoY to ₹53.05 lakh, driven by effective cost management. Revenue stood at ₹2,250.39 lakh, while expenses decreased significantly compared to the prior quarter, boosting EPS to ₹0.40.
*this image is generated using AI for illustrative purposes only.
S.M. Gold Limited reported a net profit of ₹53.05 lakh for the quarter ended June 30, 2026, marking a substantial 267% increase compared to ₹14.51 lakh in the same period last year. This turnaround highlights improved operational efficiency despite a sequential decline in revenue. The company’s Board of Directors approved the standalone unaudited financial results on August 8, 2026, following a review by the Audit Committee and a limited review report from statutory auditors Shah Karia & Associates.
Financial Performance
Revenue from operations for Q1FY27 was ₹2,250.39 lakh, a decrease from ₹3,309.91 lakh in the immediately preceding quarter (Q4FY26) but an increase from ₹2,552.94 lakh in Q1FY26. Total expenses amounted to ₹2,187.99 lakh, resulting in a profit before tax of ₹62.41 lakh. After accounting for current tax expenses of ₹9.36 lakh, the profit after tax reached ₹53.05 lakh.
| Metric | Q1FY27 (₹ Lakh) | Q4FY26 (₹ Lakh) | Q1FY26 (₹ Lakh) | YoY Change |
|---|---|---|---|---|
| Revenue from Operations | 2,250.39 | 3,309.91 | 2,552.94 | -11.8% |
| Total Expenses | 2,187.99 | 3,212.26 | 2,535.55 | -13.8% |
| Profit Before Tax | 62.41 | 97.77 | 17.51 | 256.4% |
| Net Profit | 53.05 | 78.35 | 14.51 | 265.6% |
| EPS (Basic) | ₹0.40 | ₹0.59 | ₹0.11 | 263.6% |
Cost of materials consumed was ₹954.70 lakh, while changes in inventories contributed ₹1,189.80 lakh to expenses. Employee benefit expenses were not reported for the current quarter, unlike the ₹103.12 lakh recorded in Q4FY26. Financial costs remained stable at ₹7.74 lakh, nearly identical to the ₹7.79 lakh incurred in Q1FY26.
What the Numbers Show
The primary driver behind the 267% surge in net profit is the disproportionate reduction in total expenses relative to revenue. While revenue declined by approximately 12% sequentially from Q4FY26, total expenses fell by roughly 32%. This cost discipline, particularly the absence of employee benefit expenses and lower other administrative expenses (₹35.75 lakh vs ₹266.98 lakh in the prior quarter), significantly expanded margins. The basic earnings per share rose to ₹0.40 from ₹0.11 in the corresponding quarter last year, reflecting this improved bottom-line performance.
Regulatory Compliance
The results were submitted pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for insiders remained closed from July 1, 2026, until 48 hours after the declaration of these results, in compliance with SEBI’s Prohibition of Insider Trading Regulations. The company operates within a single primary business segment, and previous year’s figures have been regrouped where necessary.
Historical Stock Returns for SM Gold
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.32% | -3.52% | -4.66% | -20.83% | -26.57% | -91.55% |
How sustainable is the current cost-cutting trajectory, particularly regarding the elimination of employee benefit expenses, in future quarters?
What specific operational strategies is S.M. Gold Limited employing to reverse the sequential revenue decline observed between Q4FY26 and Q1FY27?
Will the significant reduction in administrative expenses impact the company's long-term capacity for growth and talent retention?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
