Revised Investor Presentation

SMC Global Securities reported Q4 FY26 consolidated revenue of INR 516.9 Crores, up 22.6% YoY, with EBITDA of INR 89.7 Crores (+42.4%) and PAT of INR 21.5 Crores (+424.4%), driven by normalization of market activity and benefits from strategic initiatives. For full FY26, revenue grew 5.7% to INR 1,876.9 Crores, but EBITDA declined 10.3% to INR 376.4 Crores and PAT fell 29.7% to INR 103.2 Crores. EBITDA margins contracted 350 bps to 20.1% and PAT margins fell 280 bps to 5.5%. The decline was attributed to softer derivatives activity and regulatory changes in the F&O segment. Insurance broking emerged as an improving vertical, partially offsetting core broking weakness. Broking, Distribution & Trading remains the largest segment (56% of revenue), followed by Financing NBFC (34%) and Insurance Broking (10%). The company operates across 396 cities with 203 branches and 2,003 authorized persons.