SMC Global Securities reported robust Q1 FY27 financial results.
Consolidated operational income rose 21.2% YoY to ₹515.1 Cr, with Profit After Tax up 22.3% to ₹36.7 Cr.
Broking revenue increased 15.1% YoY, propelled by strong cash market activity and a growing MTF book.
Insurance broking revenue jumped 44.4% YoY, driven by non-life segments, though EBIT moderated due to strategic investments in technology and distribution.
NBFC AUM saw a temporary dip to ₹1,025 Cr from product mix adjustments, but management anticipates a rebound to ₹1,250-1,300 Cr by year-end.
The company is actively implementing AI-enabled platforms and focusing on cross-selling.
Stoxkart's revenue quadrupled YoY.
Management expresses strong optimism for India's long-term growth and capital markets.
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