Smc Global Securities Limited has informed the Exchange about Presentation
SMCGLOBAL · price
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SMC Global Securities reported Q4 FY26 with strong recovery: revenue of INR 516.9 Crores (+22.6% YoY), EBITDA of INR 89.7 Crores (+42.4% YoY), and PAT of INR 21.5 Crores (+424.4% YoY). However, full year FY26 showed mixed performance with revenue growth of 5.7% to INR 1,876.9 Crores but profitability decline due to softer derivatives activity and regulatory changes in F&O segment. FY26 EBITDA fell 10.3% to INR 376.4 Crores with margins contracting 350 bps to 20.1%, while PAT declined 29.7% to INR 103.2 Crores with margins down 280 bps to 5.5%. Insurance broking emerged as the bright spot with 17.1% revenue growth, partially offsetting core broking softness. The company operates across broking, NBFC financing, and insurance broking with a network of 203 branches and 2,003 authorized persons.
Q4 showed sharp sequential recovery driven by market normalization and strategic initiatives, but full-year margin compression signals ongoing regulatory headwinds in the F&O segment affecting core profitability. Insurance broking's strong growth provides diversification, though the stock may face pressure from FY26's profit decline.