SMC Credits Limited has delivered impressive financial performance for the third quarter of FY26, with net profit after tax registering a remarkable 146.15% year-on-year growth. The non-banking financial company announced these results following a Board meeting held on February 14, 2026.

Strong Q3FY26 Financial Performance

The company's quarterly results demonstrate significant improvement across key financial parameters:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, SMC Credits maintained its growth trajectory:

Regulatory Compliance and Board Approvals

The Board of Directors meeting, which commenced at 4:00 PM IST and concluded at 4:43 PM IST, approved several key items:

• Unaudited financial results for Q3FY26 along with limited review report by statutory auditors Kumar Ashwani & Associates
• Statement of deviations or variations under Regulation 32 of SEBI regulations
• Various compliance disclosures as per SEBI circular requirements

Fund Utilization Status

The company provided an update on the utilization of funds raised through its rights issue dated December 29, 2022, totaling Rs. 1503.33 lakhs:

The company reported no deviation or variation in the utilization of funds raised through the rights issue for the quarter under review.

Business Operations

SMC Credits Limited operates primarily in non-banking financial activities. The company maintains its registered office at 24, Ashoka Chambers, 5-B Rajindra Park, Pusa Road, New Delhi. The financial results have been prepared in accordance with Indian Accounting Standards and comply with SEBI listing regulations.

SMC Credits Limited, a prominent player in the financing sector, has reported exceptional financial results for the first quarter ended June 30, showcasing remarkable growth across key metrics.

Financial Highlights

The company's net profit for Q1 soared to Rs 2,206.72 crore, marking a staggering 1,686% increase from Rs 123.53 crore in the corresponding quarter of the previous year. This substantial growth in profitability underscores the company's robust performance and effective strategic initiatives.

Total income for the quarter witnessed a significant uptick, rising to Rs 2,613.29 crore from Rs 222.14 crore year-on-year, representing a growth of over 1,076%. The company's income from operations stood at Rs 1,046.54 crore, while other income contributed Rs 1,566.75 crore to the total.

The company's earnings per share (EPS) also reflected this growth trajectory, improving to Rs 8.81 from Rs 0.49 in the previous year's quarter, marking a 1,698% increase.

Operational Performance

SMC Credits Limited managed to keep its expenses in check, with total expenses for the quarter at Rs 45.15 crore, compared to Rs 66.61 crore in the same quarter of the previous year. This efficient cost management contributed significantly to the bottom-line growth.

Board Meeting Outcomes

In a board meeting held on August 13, SMC Credits Limited approved several key matters:

1. The unaudited standalone financial results for Q1 were reviewed and approved.
2. The board recommended the appointment of M/s. Kumar Ashwani & Associates, Chartered Accountants, as the Statutory Auditors for a three-year term, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
3. The company's 33rd AGM is scheduled for September 30, at 10:00 A.M. IST at the registered office in New Delhi.
4. Mr. Neeraj Arora, a Practicing Company Secretary, was appointed as the Scrutinizer for overseeing the voting process at the AGM.

Auditor's Review

The statutory auditors have conducted a limited review of the Q1 results and have given an unmodified conclusion in their review report, affirming the accuracy and compliance of the financial statements.

Rights Issue Update

SMC Credits Limited confirmed that there has been no deviation in the utilization of funds raised through its rights issue in December 2022, which amounted to Rs 1,503.33 crore. The funds have been utilized as per the stated objectives, primarily for augmenting the company's capital base and general corporate purposes.

The company's stellar Q1 performance, coupled with its strategic initiatives and transparent financial management, positions SMC Credits Limited for continued growth in the financing sector.