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Earnings Call

SMC Global Securities Earnings Call: Key Takeaways

SMC Global Securities reported Q4-FY26 revenue of INR 516.9 Cr (+22.6% YoY) and PAT of INR 21.5 Cr (+424.4% YoY). Focus remains on technology-led growth and insurance broking diversification.

Why this was an Alfa AlertNot a filter event. Management did not state that results beat prior guidance by over 5%.
Highlights
Revenue growthFY26 +5.7% YoY; Q4-FY26 +22.6% YoY.
MarginsQ4 EBITDA margin 17.4% (+250 bps YoY); FY26 margin 20.1% (-350 bps).
Demand visibilityStrong momentum in insurance and broking client acquisition.
Management confidenceHigh on technology foundation and insurance vertical growth.

Growth

FY26 Consolidated Revenue grew 5.7% YoY to INR 1,876.9 Cr, though PAT declined 29.7% to INR 103.2 Cr.

Outlook

Focus on high-margin fee-based income, global expansion, and leveraging an in-house technology stack for operational efficiency.

Risks

FY26 profitability impacted by softer derivatives activity and regulatory changes in the F&O segment.

Source

Earnings Call filed with BSE, 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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Value
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