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Earnings Call

SMC Global Securities Earnings Call: Key Takeaways

SMC Global Securities delivered Q4-FY26 revenue of INR 516.9 Cr (+22.6% YoY) but saw FY26 PAT decline 29.7% YoY to INR 103.2 Cr due to regulatory changes in the F&O segment.

Highlights
Revenue growthFY26 Consolidated Revenue: INR 1,876.9 Cr (+5.7% YoY).
MarginsFY26 EBITDA margin compressed to 20.1% from 23.6% YoY.
Demand visibilityBroking clients grew to 1.34M; website traffic up to 9M.
Management confidenceHigh on tech-led growth and insurance vertical diversification.

Growth

Q4 revenue grew 22.6%; FY26 revenue rose 5.7%. Q4 PAT surged 424.4% on lower base and normalized activity.

Outlook

Focus on high-margin fee income, digital transformation, and scaling the StoxKart subscription model (1 lakh+ active subs).

Risks

FY26 profitability hit by softer derivatives activity and regulatory shifts in F&O segment; NBFC AUM declined 13.3%.

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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