Smc Global Securities Limited has informed the Exchange about Transcript

SMC Global reported Q4 FY26 consolidated operational income of INR 516.9 crore, up 22.6% YoY, with EBITDA of INR 89.7 crore (margin 17.4%, expansion of 250 bps). Full year FY26 revenue was INR 1,876.9 crore (5.7% growth), EBITDA margin at 20.1%, and PAT of INR 103.2 crore. Management explicitly acknowledged that FY26 saw margin compression at the consolidated level, driven by elevated funding costs (INR 221.3 crore finance costs) and a deliberate slowdown in the NBFC financing business. Broking segment (INR 1,089 crore revenue, 4.3% growth) showed strong Q4 recovery with 66.6% YoY EBIT growth. Insurance broking grew robustly at 17.1% to INR 667.5 crore revenue, with upgrade to composite broker status enabling reinsurance expansion. NBFC AUM declined to INR 1,119 crore from INR 1,291 crore as the company consciously reduced unsecured lending exposure to protect asset quality. For FY27, management guided NBFC AUM growth of 15-20% and insurance growth of 15%.