SMC Global Securities Ltd (NSE: SMCGLOBAL) released its Q3 and 9M FY26 earnings. Consolidated revenue grew 8.6% year-on-year to ₹494.8 crore. PAT fell 29.8% to ₹30.8 crore amid higher expenses.
Consolidated Financial Highlights
Q3 revenue reached ₹494.8 crore, up from ₹455.5 crore. EBITDA declined 8.8% to ₹102.1 crore, with margins at 20.6%. PBT dropped 30.1% to ₹39 crore. PAT was ₹30.8 crore, down from ₹43.9 crore.
For 9M FY26, revenue edged up 0.4% to ₹1,360 crore. EBITDA fell 19.6% to ₹286.7 crore. PAT decreased 42.7% to ₹81.8 crore. Margins compressed to 6.0% from 10.5%.
Segment Performance Q3 FY26
Broking, Distribution & Trading revenue rose 22.2% to ₹352.5 crore. EBIT grew 13.9% to ₹46.6 crore.
Insurance Broking revenue increased 52.4% to ₹71.2 crore. EBIT jumped 58.3% to ₹26.2 crore.
Financing (NBFC) revenue fell 32.0% to ₹48.4 crore. EBIT dropped 43.8% to ₹3.2 crore.
9M FY26 Segment Trends
Broking revenue dipped 0.2% to ₹802.4 crore. EBIT declined 15.1% to ₹178.5 crore.
Insurance Broking revenue grew 12.1% to ₹181.8 crore. EBIT fell 19.9% to ₹81 crore.
NBFC revenue decreased 32.8% to ₹145.6 crore. EBIT dropped to ₹9.8 crore from ₹120.6 crore.
Key Business Metrics
Broking DP AUA hit ₹1,64,217 crore in 9M FY26. Clients reached 1,295 thousand, including StoxKart. Online penetration rose to 70%.
Insurance policies issued totaled 826 thousand. Gross premium was ₹2,236 crore. POS network expanded to 16,420.
NBFC AUM stood at ₹1,107 crore. NNPA was 1.99%. Collection efficiency at 97.96%. CRAR 40.1%.
Balance Sheet Snapshot
Consolidated net worth grew to ₹1,289 crore by September 2025. Borrowings rose to ₹1,699 crore. Total assets reached ₹5,242 crore.
Standalone net worth was ₹979 crore. Loans increased to ₹432 crore.
Strategic Overview
SMC operates broking, insurance broking, NBFC financing, and distribution. Network spans 413 cities with 2,154 authorized persons. Tech focus via StoxKart and AI in insurance.
Group certified Great Place to Work. 5-year PAT CAGR 43.8%; revenue CAGR 17.9%.