Indo SMC Limited FY26 Revenue Rises 123% to Rs 309.74 Crore

Indo SMC Limited reported FY26 sales of Rs 309.74 crore, a 123% increase from Rs 138.69 crore in FY25, while profit after tax rose to Rs 32.38 crore from Rs 16.83 crore. The performance provides the financial backdrop to the board meeting scheduled for 3 November 2026 to consider unaudited results for the half-year ended 30 September 2026.

What did Indo SMC Limited report for FY26?

Indo SMC reported sales of Rs 309.74 crore for the year ended March 2026, compared with Rs 138.69 crore in the preceding year. Operating profit increased to Rs 46.89 crore from Rs 23.27 crore, while profit after tax grew to Rs 32.38 crore from Rs 16.83 crore.

The company’s operating profit margin was 15.14% in FY26, versus 16.78% in FY25. Interest expense rose to Rs 5.67 crore from Rs 3.55 crore. Cash profit was Rs 33.82 crore, compared with Rs 17.79 crore a year earlier, and earnings per share stood at Rs 14.17 against Rs 10.09.

How did Indo SMC perform in the March 2026 quarter?

Indo SMC recorded sales of Rs 95.71 crore in the March 2026 quarter, compared with Rs 101.49 crore in the December 2025 quarter and Rs 75.19 crore in the September 2025 quarter. Gross profit for the March quarter was Rs 12.30 crore and operating profit was Rs 12.82 crore.

Profit after tax was Rs 8.83 crore in the March quarter, lower than Rs 12.10 crore in the December quarter but close to Rs 9.01 crore in the September quarter. The March-quarter operating margin was 13.58%, compared with 15.77% in December and 17.38% in September. Interest expense declined to Rs 1.10 crore from Rs 1.40 crore in the preceding quarter.

What is the Q1 FY27 business update from Indo SMC?

Indo SMC said its Q1 FY27 revenue was Rs 88.12 crore, representing year-on-year growth of 135.96%. The company also disclosed plant-wise revenue of Rs 21.46 crore from Ahmedabad, Rs 64.68 crore from Nashik and Rs 1.99 crore from Ghiloth.

The disclosed plant figures total Rs 88.13 crore due to rounding. The business update also referred to a new railway order and capacity expansion, but the supplied information does not provide the order value, capacity figure, commissioning timeline or expected financial contribution. These details therefore cannot yet be quantified from the available disclosures.

When will Indo SMC announce its next financial results?

Indo SMC’s board is scheduled to meet on Tuesday, 3 November 2026, to consider, approve and take on record unaudited financial results for the half-year ended 30 September 2026. The meeting is to be held at the company’s registered office in Ahmedabad, Gujarat.

The company has stated that the trading window for insiders will remain closed until 48 hours after the results are announced. The meeting agenda also allows the board to consider other matters it may decide. The upcoming disclosure should provide the next formal update on financial performance after the Q1 FY27 business update.

Why do the results matter for investors and operations?

The FY26 figures show that Indo SMC more than doubled sales and profit after tax from FY25, although its operating margin declined by 164 basis points to 15.14%. The rise in interest expense also indicates that investors need to assess profitability alongside financing costs rather than focusing only on revenue growth.

The quarterly data shows movement in revenue and margins across the September, December and March periods. March-quarter sales were lower than December-quarter sales, and its operating margin was also lower. The Q1 FY27 revenue update, together with the plant-wise split, gives investors a reported view of the company’s operating distribution across Ahmedabad, Nashik and Ghiloth.

Conclusion

Indo SMC’s FY26 financials show sales of Rs 309.74 crore and profit after tax of Rs 32.38 crore, both substantially higher than FY25. At the same time, the operating margin fell from 16.78% to 15.14%, making margin movement and interest costs relevant considerations alongside the reported growth in revenue and profit.

Investors will next watch the board’s 3 November 2026 consideration of unaudited results for the half-year ended 30 September 2026. That disclosure is expected to provide the next reported financial update following the Q1 FY27 revenue figure of Rs 88.12 crore and may clarify the financial progression during the first half of the year.