| Management target | Revenue 20.0% 5 years |
|---|
| Revenue growth | Operational income up 21.2% YoY; Insurance segment grew 44.4%. |
|---|---|
| Margins | EBITDA margins at 20.9%; insurance margins moderated by tech investment. |
| Demand visibility | Strong domestic participation in insurance and retail equity markets. |
| Management confidence | Confident in tech-led scale; cautious on NBFC credit quality. |
Growth
Operational income grew 21.2% YoY; Net Profit rose 22.3% YoY. Growth is primarily driven by insurance and cash-market brokerage.
Outlook
Management aspires for 20% CAGR, targeting revenue of ₹6,000-8,000 Cr in 5 years. NBFC AUM target is ₹1,250-1,300 Cr by year-end.
Risks
NBFC AUM declined due to tightening in unsecured loans and lap segments. Transition in derivative regulations creates segment-specific headwinds.
Last quarter's promises, checked
Delivered
- Guided 15%-20% AUM growth → delivered 15%-20% (Targeted) (= BEAT)
- Guided 15% Insurance growth → delivered 17.1% FY26 (= BEAT)
- Guided focus on secured NBFC book → delivered 76.71% secured AUM (= BEAT)
Partly delivered
- Guided StoxKart expansion → delivered 150% revenue growth but 4th in active clients (= PARTIAL)
Missed
- Guided margin stability → delivered FY26 margin compression (= MISS)
- Guided NBFC AUM growth → delivered INR 1,119 Cr vs 1,291 Cr YoY (= MISS)
Earnings Call Transcript filed with NSE, NSE: SMCGLOBAL. Summary written with AI assistance from the document.
SMC Global Securities Ltd: key numbers
- Share price
- ₹109.95
- Market cap
- ₹2,302 Cr
- Revenue (annual)
- ₹1,877 Cr
- Net profit (annual)
- ₹102.0 Cr
- P/E (TTM)
- 21.1×Sector 21.9×
- 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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- Value
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SMC Global Securities Ltd submitted its quarterly shareholding pattern for the quarter ended June 30, 2026. This is a standard regulatory compliance filing.
SMC Global Securities Investor Presentation: Key Takeaways
SMC Global Securities reported Q1 FY27 consolidated revenue of INR 515.1 Cr (+21.2% Y-o-Y) and PAT of INR 36.7 Cr (+22.3% Y-o-Y). Strategy focuses on AI technology investments and insurance distribution.