SMC Global Securities Limited reported a consolidated net profit of ₹30 crore for the first quarter of FY26, a decrease of 43.6% compared to the corresponding quarter of the previous fiscal year. The company's revenue from operations stood at ₹425.1 crore.
| Particulars | Q1 FY26 | Q4 FY25 | Q-o-Q | Q1 FY25 | Y-o-Y |
|---|---|---|---|---|---|
| Operational Income | 425.1 | 421.5 | 0.9% | 448.0 | -5.1% |
| Total Expenses | 324.8 | 358.5 | 322.5 | ||
| EBITDA | 100.3 | 63.0 | 59.2% | 125.5 | -20.1% |
| EBITDA Margins (%) | 23.6% | 14.9% | 870 bps | 28.0% | -440 bps |
| Other Income | 0.7 | 3.9 | 2.4 | ||
| Depreciation | 6.6 | 8.3 | 7.7 | ||
| Interest | 56.0 | 52.5 | 51.1 | ||
| Share of (loss) in joint venture | 0.0 | 0.0 | 0.0 | ||
| PBT | 38.4 | 6.1 | 529.5% | 69.1 | -44.5% |
| Tax | 8.4 | 2.0 | 15.9 | ||
| Profit After tax | 30.0 | 4.1 | 631.7% | 53.2 | -43.6% |
| PAT Margins (%) | 7.1% | 1.0% | 610 bps | 11.9% | -480 bps |
| Other Comprehensive Income | -0.3 | -1.2 | -0.0 | ||
| Total Comprehensive Income | 29.7 | 2.9 | 924.1% | 53.2 | -44.2% |
| Basic & Diluted EPS (INR) | 2.84 | 0.36 | 5.06 |
Financial Performance
The Q1 performance reflects a stable revenue trajectory with operational income remaining flat QoQ, though marginally lower YoY due to softer market activity and muted volumes in the broking vertical. Despite revenue headwinds, cost efficiencies drove a robust jump in EBITDA, with margins improving and PAT margins expanding sharply to 7.1% highlighting our focus on operational discipline. The company believes this recovery momentum, supported by prudent cost management and an improving market backdrop, positions SMC well to navigate evolving challenges and deliver sustainable profitability going forward.
Segmental Performance
Broking, Distribution & Trading:- Revenue for Q1FY26 was ₹274.9 crore, a decrease of 3.0% compared to ₹283.5 crore in Q1FY25.
- EBIT for Q1FY26 was ₹40.8 crore, a decrease of 15.3% compared to ₹48.2 crore in Q1FY25.
- The company's network includes 2,137 authorized persons, spanning 412 cities and 6,811 financial distributors across India.
- Revenue increased in Q1FY26 by 14.3% Q-o-Q and EBIT increased in Q1FY26 by 72.7% Q-o-Q.
- SMC has a strategic alliance with 7 PSU and Private Banks offering Online Trading services to their customers vis PNB, IOB, UBI, Ujjivan bank bank etc.
- SMC has 3in1 Tie-ups (Bank & Demat Account facility provided by the bank to its customer and Trading account facility will be provided by the SMC).
- Revenue for Q1FY26 was ₹63.2 crore, a decrease of 17.3% compared to ₹76.4 crore in Q1FY25.
- EBIT for Q1FY26 was ₹2.4 crore, a decrease of 20.0% compared to ₹3.0 crore in Q1FY25.
- SMC Insurance operates through 8 branches nationwide with a workforce of 480 employees.
- It utilizes a network of 16,102 Point of Sales (POSs) and engages 356 Motor Insurance Service Providers (MISPs).
- The company has comprehensive national coverage with a robust presence in Tier-1 and Tier-2 cities, leveraging the extensive SMC Group's customer network.
- The online portal, www.smcinsurance.com, is developed to cater to both B2B and B2C networks, featuring advanced Artificial Intelligence capabilities.
Key Business Trends
Broking & Insurance:- Broking Clients: 1,196 thousands in Q1FY26.
- Average Daily Turnover In Broking: ₹1,83,146 Cr in Q1FY26.
- Insurance Gross Premium: ₹630 Cr in Q1FY26.
- Insurance Policies Issued: 232 thousands in Q1FY26.
Assets Under Management
- Broking DP AUA: ₹1,34,488 Crs in Q1FY26.
- Mutual Funds AUM: ₹2,992 Crs in Q1FY26.
- Wealth AUM/AUA: ₹900 Crs in Q1FY26.
- NBFC AUM: ₹1,191 Crs in Q1FY26.
