Quarterly Financial Results
SMC Global Securities Q1 FY27 Results: Revenue Climbs 21.2%, PAT Up 22.3%
NSE
smcglobal
BSE
543263
- SMC Global Securities reported healthy Q1 FY27 growth with revenue increasing 21.2% YoY to ₹515.1 crore and PAT rising 22.3% to ₹36.7 crore.
- Growth was led by broking, distribution, trading and insurance broking, while the NBFC business prioritized portfolio quality through calibrated underwriting.
PRICE-SENSITIVE TRIGGER
Event: SMC Global Securities released its Q1 FY27 investor presentation with quarterly financial and operational performance.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: Strong growth in core businesses supported earnings, while the financing business remained focused on prudent lending and portfolio quality.
Metrics:
Key Financial Metrics:
- Revenue: ₹515.1 crore (+21.2% YoY, -0.3% QoQ)
- EBITDA: ₹107.0 crore (+6.9% YoY, +19.3% QoQ)
- EBITDA Margin: 20.9%
- PBT: ₹46.6 crore (+21.5% YoY, +59.0% QoQ)
- PAT: ₹36.7 crore (+22.3% YoY, +70.7% QoQ)
- PAT Margin: 7.1%
- EPS: ₹1.75
- Total Comprehensive Income: ₹37.0 crore (+24.6% YoY)
Segment Revenue:
- Broking, Distribution & Trading: ₹316.3 crore (+15.1% YoY)
- Insurance Broking: ₹167.3 crore (+44.4% YoY)
- Financing (NBFC): ₹46.5 crore (-8.8% YoY)
Highlight:
- PAT increased 22.3% YoY to ₹36.7 crore.
What Happened ?
SMC Global Securities delivered strong consolidated earnings during Q1 FY27, supported by healthy growth in broking, distribution, trading and insurance broking businesses. Improved market sentiment and continued investments in AI-driven technology enhanced customer engagement, while the financing business adopted tighter underwriting standards to improve portfolio quality despite moderation in AUM.
key details
Broking, Distribution & Trading:
- Improved market sentiment and investments in AI-enabled technology supported healthy growth across broking and trading operations.
- Broking DP Assets Under Administration increased to ₹1,64,962 crore, while broking clients reached 13.81 lakh.
- Online penetration improved to 75%, reflecting continued digital adoption across customer channels.
Insurance Broking:
- Insurance broking maintained strong momentum with revenue growth supported by sustained demand across general and life insurance products.
- Insurance premium reached ₹759 crore, while 2.74 lakh policies were issued during the quarter.
- The company continues to leverage AI-enabled digital platforms across both B2B and B2C insurance distribution.
Financing (NBFC):
- The financing business prioritized portfolio quality by shifting product mix and tightening underwriting standards for unsecured lending.
- NBFC Assets Under Management stood at ₹1,025 crore, with SME WCTL accounting for the largest share of the lending portfolio.
- The lending business operates through 40 branches across seven states offering diversified secured and unsecured financing products.
Note:
- The investor presentation does not provide financial guidance for the remaining quarters of FY27.
Risk Analysis
Summary:
- The financing business continued to adopt conservative underwriting and portfolio quality measures despite moderating AUM.
Key Risks:
- NBFC revenue declined as the company adopted a calibrated lending strategy.
- Tighter underwriting standards for unsecured lending could moderate near-term loan growth.
- Financing performance remains dependent on maintaining asset quality and prudent risk management.
Worst Case:
- A prolonged slowdown in lending activity could continue to weigh on financing segment revenue.
Risk Level: Medium
Company Commentary
- Broking, distribution and trading benefited from improved market sentiment and continued AI-driven technology investments.
- Insurance broking maintained healthy momentum across general and life insurance distribution.
- Management reiterated its focus on portfolio quality through calibrated product selection and prudent underwriting in the NBFC business.
Official Exchange Filing: SMC Global Securities Limited
