Smc Global Securities Limited has informed the Exchange about Presentation
SMCGLOBAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SMC Global Securities reported a sharp Q4 FY25 slowdown, with consolidated revenue falling 17.3% YoY to INR 421.5 Cr, EBITDA plunging 54.6% to INR 63.0 Cr, and PAT crashing 93.8% to just INR 4.1 Cr. EBITDA margin compressed sharply to 14.9% from 27.3% a year ago. Management attributed the weak quarter to regulatory headwinds in the F&O segment, lower trading volumes, and rising compliance costs. For the full year FY25, revenue still grew 8.4% to INR 1,775.7 Cr, but EBITDA slipped 1.5% to INR 419.4 Cr and PAT declined 22% to INR 146.8 Cr. The Broking, Distribution & Trading segment remained the largest revenue contributor at 57%, while NBFC (INR 1,291 Cr AUM) and Insurance Broking (INR 570 Cr revenue) continued to grow steadily. Net worth stood at INR 1,217 Cr with a debt-to-equity ratio of 1.36x.
Shareholders should brace for a weak near-term outlook as Q4 profit collapsed and full-year PAT declined, though the diversified business model and steady growth in NBFC and insurance segments provide some cushion. The stock may face pressure given the dramatic margin compression, but management's framing of this as a 'strategic transition' could limit the downside if regulatory clarity improves.