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SMC Global Securities Ltd

Q4 FY26Capital Markets

SMC Global Securities Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹80
Market cap₹1.7K Cr
P/E15.3
Updated25 Aug 2026
Read5 min read

The short version

The company expects approximately 15% growth in AUM during the next financial year (FY27), aiming for 15%-20% growth in AUM, driven by the transition towards secured products and new product lines. The company expects a 15%-20% growth in AUM in the NBFC segment in the upcoming year, with gradual growth resuming after a calibration phase (Page 9, 11).

From SMC Global Securities Ltd's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

  • The company expects approximately 15% growth in AUM during the next financial year (FY27), aiming for 15%-20% growth in AUM, driven by the transition towards secured products and new product lines. (Page 9, 13)
  • Insurance broking segment anticipates strong, double-digit growth, with around 15% growth expected next year, supported by both physical and digital selling, and contributions from the reinsurance segment. (Page 12, 13)
  • Disbursements in the NBFC segment are expected to increase above INR 800 crores from INR 614 crores currently, driven by focused secured products like micro-LAP, gold loan, and asset finance, despite a calibrated reduction in unsecured and large-ticket loans. (Page 12)

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Profitability & Margins

See what SMC Global Securities Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The transcript does not explicitly mention any specific current or future capex, capital investment, or strategic investment details. However, some relevant points include: - Investment in distribution capacity and technology infrastructure in the insurance broking segment to support upcoming reinsurance opportunities following the composite broker upgrade (Page 7). - Continued investment in technology and risk management to deliver healthy operating outcomes and support digital and technology platform scaling (Page 5, Page 7). - Focus on scaling digital platforms, in-house trading applications, and AI-led customer engagement tools in broking and distribution businesses (Page 5).

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Top-ranked in Capital Markets

Ranked on what management guided this quarter

Guidance-ranked
1BSE
Rev 2Mar 3
2Nippon Life Ind.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The provided transcript does not explicitly mention the current or expected order book or pending orders for SMC Global Securities Limited or its subsidiaries. However, some relevant points regarding business outlook and growth expectations include: - The Group targets 15%-20% growth in AUM for the NBFC segment in the next financial year. - Disbursement for NBFC products (excluding LAP and unsecured loans) grew with expectations to increase from INR 614 crores to above INR 800 crores. - Insurance broking expects continued strong double-digit growth, with reinsurance segment adding new revenue streams. - Broking client base grew to 13.39 lakh accounts, with digital adoption increasing.

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SMC Global Securities Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹517 Cr, net profit ₹21 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were SMC Global Securities Ltd Q4 FY26 results?

The company expects approximately 15% growth in AUM during the next financial year (FY27), aiming for 15%-20% growth in AUM, driven by the transition towards secured products and new product lines. The company expects a 15%-20% growth in AUM in the NBFC segment in the upcoming year, with gradual growth resuming after a calibration phase (Page 9, 11).

What is SMC Global Securities Ltd share price analysis?

SMC Global Securities Ltd currently shows a neutral. The stock trades at a P/E of 15.3 with a market cap of ₹1,664 Cr. Investors should review the full earnings analysis for detailed insights.

Is SMC Global Securities Ltd planning capital expenditure?

The transcript does not explicitly mention any specific current or future capex, capital investment, or strategic investment details.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.