| Revenue growth | Consolidated Q2 +20.9%; H1 +21.1% YoY |
|---|---|
| Margins | Q2 EBITDA 19.1%: -10 bps YoY, -180 bps QoQ |
| Demand visibility | Margin funding book ₹1,200+ Cr; T+5 receivables included |
Growth
Q2 segment revenue: broking +19.7%, insurance +19.3%, NBFC +33.6%. EBITDA +20.4% in Q2, +13.0% in H1.
Outlook
No explicit numeric guidance. Margin funding book ₹1,200+ Cr at 14-15% IRR. NBFC yield 15.87%.
Risks
Q2 EBITDA margin 19.1%, down 180 bps QoQ. Interest cost ₹60.4 Cr vs ₹51.4 Cr. NBFC GNPA 3.02%.
Last quarter's promises, checked
Missed
- Guided Q2 'might be much better' than Q1 (Q1 PAT ₹36.7 Cr) → Q2 PAT ₹28.2 Cr; revenue ₹532.5 Cr vs Q1 ₹515.1 Cr (= MISS)
Investor Presentation filed with BSE, NSE: SMCGLOBAL. Summary written with AI assistance from the document.
SMC Global Securities Ltd: key numbers
- Share price
- ₹90.23
- Market cap
- ₹1,889 Cr
- Revenue (annual)
- ₹1,877 Cr
- Net profit (annual)
- ₹102.0 Cr
- P/E (TTM)
- 16.3×Sector 19.7×
- Promoter holding
- 66.61%-0.10% QoQ
- FII holding
- 2.56%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from SMC Global Securities Ltd
All →SMC Global Securities Earnings Call Transcript: Key Takeaways
SMC Global delivered solid revenue growth led by NBFC and insurance segments, though derivative trading regulations temporarily dampened broking margins.
SMC Global Securities Q2 FY27 Results: Net Profit ₹28.2 Cr, Up 34.3% YoY
SMC Global Securities Ltd reported revenue from operations of ₹532.4 Cr (+20.9% YoY) and net profit of ₹28.2 Cr (+34.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹28.2 Cr · +34.3% YoY
SMC Global Securities Board Meeting Date
SMC Global Securities will hold a board meeting on October 26, 2026, to consider financial results for the period ended September 2026.
SMC Global Securities Other Announcement
SMC Global Securities Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026. The filing provides details on share distribution across categories.
SMC Global Securities Convertible Warrants
SMC Global Securities Limited has convened an Extra-ordinary General Meeting (EGM) on November 6, 2026. The meeting seeks approval for issuing 1,00,00,000 convertible warrants to non-promoters.
SMC Global Securities Fund Raise of ₹106 Cr
SMC Global Securities approved a preferential issue of 1 crore fully convertible warrants at Rs. 106 each, raising Rs. 106 Crore, subject to shareholder approval.
- Value
- ₹106.0 Cr