THE South Pacific Stock Exchange’s (SPX) newest equity kid on the block has hit the ground running, posting a spectacular financial debut performance that saw profits skyrocket by more than 41 per cent in just six months.
In its first-ever half-year financial report since its landmark listing on March 18 earlier this year, Shreedhar Motors Limited (SML) revealed a massive 41.6 per cent surge in net profit after tax, reaching $4.03 million for the six months ending June 30, 2026. This result was underpinned by revenue growth across the company’s core operations, together with improved gross margins, particularly its spare parts and motor garage businesses that delivered strong revenue and gross profit growth during the period.
SML had recorded a 15.9 per cent increase in sales revenue to $28.56m for that period, compared with $24.64m fort the corresponding period last year. It also reported increased gross profit by 26.1 per cent to $6.56m.
“Our first half-year result as a listed company reflects a strong performance across the business,” SML chairperson Satya Maharaj said in the company’s market announcement to the SPX.
“We are particularly encouraged by the growth in gross profit and the contribution from our parts and motor garage operations.
“As we enter the second half of the year, our focus remains on disciplined execution of our strategy and building sustainable long-term value for our shareholders.”
According to the market announcement, SML had also maintained a strong financial position as at June 30 (2026) with total assets of $61.07m and net assets of $45.99m.
Mr Maharaj said during the period, they had also continued to progress their strategic priorities following listing, and included strengthening their governance and corporate reporting framework, and continuing investment across its dealership operations.
Based on the performance achieved during the first six months, he said the company remained well positioned as it entered the second half of the 2026 financial year.
“The company will continue to focus on sustainable growth, margin management, strengthening its aftersales businesses and disciplined execution of its strategic priorities.”
