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Earnings Call

SMC Global Securities Earnings Call: Key Takeaways

SMC Global reported Q4 FY26 consolidated operational income of ₹516.9 cr (up 22.6% YoY) and PAT of ₹21.5 cr. Strategy focuses on fee-based businesses and secured lending.

Highlights
Revenue growth5.7% YoY for FY26.
MarginsFY26 margins compressed due to funding costs and NBFC calibration.
Demand visibilityStrong retail participation and SIP flows despite market volatility.
Management confidenceHigh for insurance and digital broking platforms.

Growth

FY26 revenue grew 5.7% to ₹1,876.9 cr; PAT stood at ₹103.2 cr. Broking revenue grew 19.3% YoY in Q4.

Outlook

Targeting 15-20% AUM growth in FY27. Insurance segment expected to grow 15% with new reinsurance composite broker license.

Risks

High funding costs, market volatility in March, and deliberate calibration in NBFC segment leading to AUM compression.

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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