Smc Global Securities Limited has informed the Exchange about Investor Presentation
SMCGLOBAL · price
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SMC Global Securities reported Q1 FY26 consolidated revenue of INR 425.1 Crores, flat sequentially (+0.9% QoQ) but down 5.1% YoY due to softer market activity and muted broking volumes. Cost efficiencies drove EBITDA up 59.2% QoQ to INR 100.3 Crores, with EBITDA margins expanding 870 bps QoQ to 23.6%. PAT surged 631.7% QoQ to INR 30.0 Crores (PAT margin 7.1%, +610 bps QoQ), though down 43.6% YoY. All three segments — broking/distribution, insurance, and NBFC — posted YoY declines in both revenue and EBIT. Key metrics: Broking DP AUA at INR 1,34,488 Cr, NBFC AUM at INR 1,191 Cr, and insurance gross premium at INR 630 Cr. NBFC has healthy CRAR of 43.2% and NNPA of 2.6%.
Sharp QoQ margin expansion and earnings rebound highlight operational discipline, but the broad-based YoY weakness across all three segments and lower margins versus Q1 FY25 signal ongoing headwinds from sluggish markets. Investors should watch whether the margin recovery sustains and volumes pick up in coming quarters.