SMC Global Securities Q1 FY27 Revenue at ₹515 Crore, PAT ₹36.7 Crore
SMC Global Securities reported Q1 FY27 consolidated revenue of ₹515.1 crore, up 21.2% YoY. PAT increased 22.3% YoY to ₹36.7 crore. Broking revenue rose 15.1% to ₹316.3 crore, while insurance broking revenue grew 44.4% to ₹74.3 crore. NBFC revenue declined 33.3% to ₹46.5 crore due to strategic shifts.
The results show growth in key business areas and overall profitability, which is positive for investors. However, the decline in the NBFC segment and the overall market conditions may moderate the immediate impact.
The company reported significant year-on-year growth in revenue and profit after tax, along with positive performance in key segments like broking and insurance, indicating a favorable financial quarter despite a dip in the NBFC segment.
SMC Global Securities Limited announced its financial results for the first quarter of FY27. The company reported consolidated revenue of ₹515.1 crore, marking a 21.2% year-on-year increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹107 crore, up by 6.9% year-on-year, with EBITDA margins at 20.9%.
Profit After Tax (PAT) for the quarter was ₹36.7 crore, a significant increase of 22.3% year-on-year. PAT margins were reported at 7.1%. The company's broking, distribution, and trading segment revenue grew by 15.1% to ₹316.3 crore. The insurance broking segment also showed strong performance with a revenue increase of 44.4% to ₹74.3 crore. However, the financing (NBFC) segment saw a revenue decrease of 33.3% to ₹46.5 crore, attributed to a calibrated shift in product mix and tighter underwriting norms for unsecured lending, with a focus on portfolio quality.
On a standalone basis, operational income was ₹273.4 crore, an 11.1% year-on-year increase. Standalone EBITDA grew by 15.1% to ₹71.5 crore, and standalone PAT increased by 9.6% to ₹25.1 crore.
The investor presentation also detailed key business trends, including a growing Broking DP AUA to ₹1,64,962 crore and an increasing client base to 1,381 thousand. The insurance business highlighted a gross premium of ₹759 crore for the quarter. The NBFC segment's lending portfolio and historical performance were also outlined, with AUM at ₹1,025 crore. The company emphasized its evolution into a diversified financial services company with a strong technology foundation and experienced leadership.
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