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Earnings Call

SMC Global Securities Earnings Call: Key Takeaways

SMC Global delivered 22.6% YoY operational income growth in Q4FY26, though full-year profits were pressured by high funding costs and a deliberate slowdown in NBFC disbursements to preserve asset quality.

Highlights
Revenue growthQ4 revenue grew 22.6% YoY; full year operational income up 5.7%.
MarginsEBITDA margin improved 250bps YoY in Q4 to 17.4%.
Demand visibilityStrong retail participation and SIP flows; insurance penetration increasing.
Management confidenceBalanced; cautious on financing segment but optimistic on fee-based businesses.

Growth

Operational income grew 5.7% for the full year; fee-based segments like insurance (17.1%) provided stability against NBFC compression.

Outlook

NBFC AUM growth targeted at 15-20% for FY27; insurance revenue growth projected at 15%.

Risks

High consolidated finance costs and exposure to stressed micro-finance segments remain primary earnings inhibitors.

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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