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Earnings Call

SMC Global Securities Earnings Call: Key Takeaways

SMC Global reported FY26 consolidated revenue of ₹1,876.9 Cr (+5.7% YoY) but PAT declined 29.7% to ₹103.2 Cr. Q4 showed strong recovery with PAT up 424% YoY on normalized market activity.

Highlights
Revenue growthFY26 +5.7% YoY; Q4FY26 +22.6% YoY
MarginsEBITDA margins moderated to 20.1% in FY26

Growth

Q4FY26 revenue grew 22.6% YoY; FY26 EBITDA margins compressed 350 bps to 20.1% due to regulatory changes in F&O.

Outlook

Focus on fee-based income, expansion into untapped markets, and AI-led digital transformation for client acquisition.

Risks

Softness in core broking revenues and regulatory changes impacting derivatives/F&O segment profitability in FY26.

Source

Earnings Call filed with NSE, NSE: SMCGLOBAL. Summary written with AI assistance from the document.

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SMC Global Securities Ltd: key numbers

Share price
₹85.60
Market cap
₹1,792 Cr
Revenue (annual)
₹1,877 Cr
Net profit (annual)
₹102.0 Cr
P/E (TTM)
16.5×Sector 22.0×
Promoter holding
66.71%-0.01% QoQ
FII holding
2.14%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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