SMCGLOBAL

What SMC Global Securities promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 2 delivered 5 missed 7 open
  • Cost of Borrowing delivered said Q3 FY26 Promised: 15 to 20 basis point reduction in the next six months Q1 FY27: Management confirmed a reduction in weighted cost of funds by ~25 bps this quarter, successfully meeting and exceeding the target within the 6-month timeframe.
  • NBFC Disbursements (excl. LAP/Unsecured) went quiet said Q4 FY26 Promised: we expect growth in the disbursement from this INR 614 crores, we expect it to go above INR 800 crores. Q1 FY27: No specific disbursement figure for the targeted secured products was provided in the Q1 FY27 update.
  • NBFC AUM Growth revised down said Q4 FY26 Promised: AUM, we expect to grow at around 15% to 20% during the year. Q1 FY27: AUM declined to 1025 cr. Management revised the FY27 closing target to 'Rs. 1,250-1,300 crores', which represents ~12-16% growth, a dilution from the original 15-20% guidance.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 14 tracked commitments for SMC Global Securities — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens