S M Gold Q2 FY27 Results: ₹0.4 Cr Net Profit

S. M. Gold Ltd has approved its unaudited standalone financial results for the quarter ended September 30, 2026. The company disclosed a net profit of ₹0.4 crore for the second quarter of FY27. The results were approved by the Board of Directors at its meeting held on October 28, 2026. The filing was reported on the BSE at 19:05 IST on the same day. The Q2 update follows a June-quarter performance in which revenue declined year-on-year while profitability improved from a low base.

Board approves September-quarter results

The board meeting had been scheduled for Wednesday, October 28, 2026. In its prior intimation, S. M. Gold said directors would consider and approve unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The meeting agenda also allowed the board to consider other matters with the permission of the chair. The company submitted the intimation to the BSE Listing Compliance Department.

Following the meeting, S. M. Gold said its standalone unaudited results for the September 2026 quarter had been approved. The financial statements were reviewed by Shah Karia & Associates, according to the disclosed update. The company did not provide Q2 revenue, operating profit, or half-year figures in the information available here. Therefore, the reported Q2 net profit is the principal financial figure available from the announcement.

Q2 FY27 net profit stands at ₹0.4 crore

S. M. Gold reported net profit of ₹0.4 crore for Q2 FY27. The result was described as unchanged year-on-year in the available earnings update. This figure is lower than the ₹0.5 crore net profit reported in the immediately preceding June 2026 quarter. However, the supplied information does not provide a like-for-like Q2 FY26 net-profit amount beyond the stated year-on-year change.

The September-quarter disclosure is important because it completes the company’s first-half reporting cycle for FY27. Shareholders will use the announced quarterly and half-year financial statements to assess the company’s performance after the June-quarter revenue decline. Any fuller comparison of sales, costs, margins, and earnings will depend on the detailed standalone results released by the company.

June-quarter revenue declined year-on-year

For Q1 FY27, ended June 2026, S. M. Gold reported revenue from operations of ₹22.5 crore. This was down 11.8% year-on-year from ₹25.5 crore in the June 2025 quarter. The company’s quarterly data also shows that sales were ₹33.1 crore in the March 2026 quarter. On that comparison, June-quarter sales declined sequentially as well.

Despite lower revenue, the June-quarter net profit rose to ₹0.5 crore from ₹0.2 crore in the corresponding quarter of the previous year. Another reported comparison placed the increase at 265.6%, based on net profit of ₹0.15 crore in June 2025 and ₹0.53 crore in June 2026. The difference reflects rounding in the reported quarterly figures. The detailed table lists June 2026 net profit at ₹0.53 crore.

Operating performance in the June quarter

Operating profit for June 2026 was ₹0.7 crore, compared with ₹0.3 crore a year earlier. The operating profit margin stood at 3.1%, compared with 1.0% in June 2025. Expenses were ₹21.8 crore in June 2026, against ₹25.3 crore in the year-earlier quarter. The lower expense base accompanied the reduction in sales during the period.

Profit before tax for June 2026 was ₹0.6 crore, compared with ₹0.2 crore in June 2025. Interest expense was ₹0.1 crore, while depreciation was reported at nil after rounding. The tax rate for the June 2026 quarter was 14.5%. Earnings per share stood at ₹0.40, compared with ₹0.11 in the year-earlier quarter.

Key reported financial figures

Quarterly trend shows variable sales levels

S. M. Gold’s quarterly sales have varied materially across the periods shown in its results table. Sales were ₹44.7 crore in September 2025, ₹52.7 crore in December 2025, and ₹33.1 crore in March 2026. Sales then declined to ₹22.5 crore in June 2026. This sequence provides context for the 11.8% year-on-year decline in the latest available revenue number.

Profitability has also changed across quarters. Operating profit was ₹1.2 crore in March 2026 before moving to ₹0.7 crore in June 2026. Net profit was ₹0.78 crore in March 2026 and ₹0.53 crore in June 2026. The Q2 FY27 net profit of ₹0.4 crore indicates a further sequential reduction from the June-quarter figure, based on the available reported numbers.

Trading window remains closed

S. M. Gold said the trading window for insiders remains closed until 48 hours after the public declaration of the financial results. Such closures are intended to restrict trading by designated persons during periods when unpublished price-sensitive information may be available. The earlier board-meeting notice had also referred to this trading-window restriction.

The reported financial-results announcement was made after the board considered the September-quarter numbers. The restriction is linked to the timing of the public disclosure rather than to any separate operational development stated in the available information. Investors should rely on the company’s detailed BSE filing for the complete standalone results and related notes.

What the Q2 result means for investors

The Q2 update gives investors a confirmed net-profit figure of ₹0.4 crore, but it does not include the full range of operating metrics in the information supplied. As a result, revenue growth, expenses, margins, and profit before tax for the September quarter cannot be assessed from this announcement alone. The available June-quarter data had shown a combination of lower sales and improved operating margin, making the detailed Q2 statement relevant for evaluating whether that pattern continued.

The half-year results are also significant because they cover the six months ended September 30, 2026. These figures allow shareholders to compare the first half with prior periods once the full statement is available. The company has confirmed the approval of unaudited standalone results, while the supplied summary provides only the Q2 profit number.

Conclusion

S. M. Gold has approved its Q2 and half-year FY27 standalone unaudited financial results, with Q2 net profit reported at ₹0.4 crore. The announcement follows Q1 FY27 revenue of ₹22.5 crore, down 11.8% year-on-year, and net profit of about ₹0.5 crore. The next point of reference for shareholders will be the detailed financial statement and accompanying disclosures released through the exchange filing. The trading window will remain closed for 48 hours after the public declaration of the results.