SMC Global Securities Limited reported a 22.3% year-on-year increase in consolidated net profit after tax (PAT) to ₹36.7 crore for the quarter ended June 30, 2026 (Q1FY27), driven by a 21.2% rise in operational income to ₹515.1 crore. The Board of Directors approved a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) with a base size of ₹750 crore and an oversubscription option of ₹750 crore, potentially raising up to ₹1,500 crore. This capital raise aims to leverage improved earnings capacity for balance sheet expansion while maintaining strong profitability across key segments.

The unaudited consolidated and standalone financial results were approved by the Board at its meeting on July 26, 2026, and reviewed by Statutory Auditors P.C. Bindal & Company. The disclosure was made pursuant to Regulation 30 and Regulation 51(2) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Suman Kumar, EVP (Corporate Affairs & Legal), Company Secretary & General Counsel, signed the disclosure. Newspaper advertisements were published on July 27, 2026, in Jansatta (Delhi edition) and Financial Express.

Consolidated Financial Performance

Consolidated EBITDA rose 6.9% year-on-year to ₹107.0 crore, though margins contracted by 270 basis points to 20.9% from 23.6% in Q1FY26 due to total expenses increasing by 25.6% to ₹408.1 crore. Profit before tax stood at ₹46.6 crore, up 21.5% from ₹38.4 crore in the previous year’s quarter. Basic and diluted earnings per share (EPS) were ₹1.75, compared to ₹1.42 in Q1FY25, restated for the bonus share issue.

Standalone Results and Segment Growth

On a standalone basis, net profit after tax was ₹25.1 crore, up 9.6% YoY, with revenue growing 11.1% to ₹273.4 crore. Fees and commission income surged 26.5% to ₹310.65 crore, while net gain on proprietary trading rose 37.5% to ₹85.53 crore. The Broking, Distribution & Trading segment saw revenue rise 15.1% to ₹316.3 crore with EBIT increasing 17.6% to ₹74.3 crore. Insurance Broking revenue jumped 44.4% to ₹167.3 crore, but segment EBIT declined 33.3% to ₹1.6 crore. The Financing (NBFC) segment revenue decreased 8.8% to ₹46.5 crore as AUM moderated to ₹1,025.2 crore.

What the Numbers Show

The simultaneous approval of a large NCD issue and strong Q1FY27 profitability suggests SMC Global Securities is leveraging its improved earnings capacity to expand its balance sheet. While revenue grew significantly, the contraction in consolidated EBITDA margins from 23.6% to 20.9% indicates rising cost pressures or a shift towards lower-margin activities. The divergence between surging Insurance Broking revenue and declining EBIT highlights margin compression in that vertical, whereas the Broking segment demonstrated robust top-line and bottom-line growth, reinforcing its role as the primary profit driver.

SMC Global Securities Limited has appointed Rahul Yadav as its Compliance Officer to ensure adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015. This leadership change replaces Raju Balodi (F10175), who tendered his resignation from the role effective close of business hours on Sunday, July 26, 2026, citing an internal shifting of departments. The Board of Directors approved the appointment during a meeting held on July 26, 2026.

The transition ensures continuity in regulatory compliance for the company’s listed securities. Raju Balodi’s departure is administrative in nature, driven by internal restructuring rather than any regulatory breach or dispute. SMC Global Securities Limited has notified both the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the change.

Regulatory Context

The appointment is made pursuant to Regulation 9(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, including any modifications and amendments thereto. The Compliance Officer plays a critical role in monitoring insider trading activities and ensuring that the company maintains robust code of conduct standards for designated directors and employees. Rahul Yadav, a Member of the Institute of Company Secretaries of India (ICSI) with ACS number A72932, will administer the code of conduct under the overall supervision of the Board of Directors.

Key Details

The company stated that this disclosure follows an earlier communication dated July 26, 2026. The updated compliance structure will be hosted on the company’s website at www.smcindiaonline.com for investor reference.

Corporate Governance

Suman Kumar, Executive Vice President (Corporate Affairs & Legal), Company Secretary & General Counsel (Membership No. F5824), signed the disclosure. The move underscores SMC Global Securities Limited’s commitment to maintaining strict regulatory oversight amidst internal operational adjustments. No other changes to the company’s governance structure were reported in this filing.