Smc Global Securities Limited has informed the Exchange regarding Board meeting held on July 26, 2025.
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SMC Global Securities' board met on July 26, 2025 and approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, total revenue from operations was Rs. 42,508.81 lakhs, broadly flat compared to Rs. 42,147.30 lakhs in the previous quarter, while profit after tax jumped to Rs. 2,995.01 lakhs from Rs. 408.77 lakhs in Q4 FY25, though it was lower than Rs. 5,320.82 lakhs in the year-ago quarter. Standalone profit after tax stood at Rs. 2,283.33 lakhs with EPS of Rs. 2.18 (consolidated EPS: Rs. 2.84). The board also approved raising up to Rs. 15,000 lakhs through a public issue of secured, listed, redeemable NCDs of face value Rs. 1,000 each, comprising a base issue of Rs. 7,500 lakhs plus a green shoe option of another Rs. 7,500 lakhs. This comes on top of Rs. 12,030.42 lakhs already raised via NCDs in April 2025, which were listed on BSE.
The NCD fundraising plan signals continued capital expansion but will further increase the company's already elevated debt-equity ratio (1.37x consolidated). The sharp sequential recovery in profitability is positive, but the YoY decline in both revenue and PAT suggests some pressure in the core broking and trading business. Shareholders should watch for the NCD issue pricing and deployment plans, as well as quarterly trends in the broking and financing segments.