SMC Global Securities Ltd
BSE:543263
SMC Global Securities Ltd
SMC Global Securities Ltd. engages in securities brokerage services. The company is headquartered in New Delhi, Delhi. The company went IPO on 2021-02-24. The firm's segments include Broking, Distribution and Trading; Insurance Broking, and Financing. Its Broking, Distribution and Trading segment consists of brokerage on dealing in shares, commodities, currency, derivatives and other securities; trading in shares, commodities, currency, derivatives and other securities; clearing services; depositary participant services; distribution of financial products; portfolio and wealth management; real estate broking, and mortgage and loan advisory and investment banking services. Its Insurance Broking segment is engaged in providing services in life and non-life insurance products. Its Financing segment offers a variety of loan products, such as capital market loans, finance for onward retail lending, real estate loans, consumer finance and medical equipment finance. Its subsidiaries include SMC Comtrade Limited, SMC Capitals Limited and SMC Global USA Inc.
SMC Global Securities Ltd. engages in securities brokerage services. The company is headquartered in New Delhi, Delhi. The company went IPO on 2021-02-24. The firm's segments include Broking, Distribution and Trading; Insurance Broking, and Financing. Its Broking, Distribution and Trading segment consists of brokerage on dealing in shares, commodities, currency, derivatives and other securities; trading in shares, commodities, currency, derivatives and other securities; clearing services; depositary participant services; distribution of financial products; portfolio and wealth management; real estate broking, and mortgage and loan advisory and investment banking services. Its Insurance Broking segment is engaged in providing services in life and non-life insurance products. Its Financing segment offers a variety of loan products, such as capital market loans, finance for onward retail lending, real estate loans, consumer finance and medical equipment finance. Its subsidiaries include SMC Comtrade Limited, SMC Capitals Limited and SMC Global USA Inc.
Strong Revenue Growth: Q3 operational income was INR 494.8 crores, up 12.4% quarter-on-quarter, driven by balanced contributions across business lines.
Profitability Up: Profit after tax for the quarter rose to INR 30.8 crores, a 46.7% QoQ increase, with EBITDA margin improving by 140 bps to 20.6%.
Broking Segment Expansion: Broking, Distribution, and Trading segment revenue grew 17.3% year-on-year, with increased client and online engagement.
Insurance Growth: Insurance broking revenue rose 22.2% YoY in Q3, supported by higher policy volumes and expanded distribution.
Financing Caution: NBFC AUM declined year-on-year by management's strategic choice to focus on portfolio quality and shift towards micro-LAP loans.
Digital Push: Around 70% of broking revenue now comes from online channels, and new initiatives like algorithmic trading are being introduced.
Guidance: Management expects broking and mutual fund AUM growth of 10–14% and 20–25% respectively over the next few years.
