SMCGLOBAL SMC Global Securities Q2 FY26 results (Jul–Sep 2025) and concall
SMC Global Securities reported a mixed Q2 FY26, with consolidated revenue growing 3.6% QoQ to Rs. 440.3 crores, primarily driven by strong performance in its insurance broking segment which grew 21% YoY. However, profitability was significantly impacted by softer trading volumes, higher funding costs, and regulatory changes, leading to a 54% YoY decline in PAT to Rs. 21.0 crores and EBITDA margin compression to 19.2%. The NBFC segment also saw a revenue decline and a slight increase in NPAs, though management remains optimistic about recovery in H2 FY26.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 455 | 421 | 425 | 440 |
| EBITDA | 112 | 63 | 100 | 84 |
| Net profit | 44 | 4 | 30 | 21 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
