SMC Global Securities' Q2 FY 2025-26 Quarterly Results

Result Summary

• SMC Global Securities Ltd reported a 3.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.3%.
• Its expenses for the quarter were up by 7.1% QoQ and 6.2% YoY.
• The net profit decreased 29.9% QoQ and decreased 53.9% YoY.
• The earnings per share (EPS) of SMC Global Securities Ltd stood at 1.97 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

SMC Global Securities Ltd is a prominent player in the financial services sector, primarily operating within the Indian market. The company offers a comprehensive range of services including brokerage, wealth management, and advisory services. It caters to retail and institutional clients and has a significant presence in both equity and commodity markets. SMC Global Securities is known for leveraging technology to provide advanced trading platforms and services to its clients. While there is no specific information provided about recent developments within the company, its broad range of financial services positions it as a versatile entity in the competitive financial services industry.

Revenue

During the second quarter of the fiscal year 2026, SMC Global Securities Ltd reported a total income of ₹442.06 crores. This represents a quarter-over-quarter increase of 3.8% compared to ₹425.78 crores in the first quarter of FY26. However, this also signifies a year-over-year decline of 2.3% from ₹452.62 crores in the second quarter of FY25. The fluctuation in total income can be attributed to variations in market conditions and trading volumes which are typical for companies in the financial services sector.

Profitability

The company's profitability metrics for Q2FY26 reflect a significant decrease compared to both the previous quarter and the same quarter in the prior year. Profit Before Tax (PBT) stood at ₹27.83 crores, which shows a decline of 27.5% from ₹38.36 crores in Q1FY26 and a more substantial drop of 54.4% from ₹60.98 crores in Q2FY25. The Profit After Tax (PAT) also decreased to ₹21.00 crores, down by 29.9% from ₹29.95 crores in the preceding quarter and 53.9% from ₹45.60 crores in the corresponding quarter last year. The Earnings Per Share (EPS) followed a similar trend, decreasing by 30.6% quarter-over-quarter and 54.5% year-over-year, resulting in an EPS of ₹1.97 for Q2FY26. The decrease in profitability could be influenced by various factors including increased competition, market volatility, or higher operational costs.

Operating Metrics

Total expenses for SMC Global Securities Ltd during Q2FY26 amounted to ₹410.91 crores, marking a 7.1% increase from ₹383.75 crores in Q1FY26 and a 6.2% rise from ₹387.08 crores in Q2FY25. The increasing expenses may indicate higher operational or administrative costs during the reporting period. The tax expense decreased to ₹6.83 crores in Q2FY26, which is an 18.8% reduction from ₹8.41 crores in Q1FY26 and a 55.6% decrease from ₹15.38 crores in Q2FY25. These metrics illustrate the company's operating environment and cost structure, providing insights into its financial management and strategic operational decisions.