SMC Global Q4 Net Profit Surges 470% YoY; Earnings Call Audio Released
SMC Global Securities reported a 470% YoY surge in Q4 consolidated net profit to ₹211M and 42% EBITDA growth to ₹897M. FY26 consolidated revenue stood at ₹1,87,692.27 lakhs with net profit after tax of ₹10,324.60 lakhs. The audio recording of the Q4 FY25-26 Earnings Conference Call held on May 4, 2026 is now available on the company's website under Regulation 30 of SEBI LODR, with no unpublished price sensitive information disclosed.

*this image is generated using AI for illustrative purposes only.
SMC Global Securities Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, which met on May 2, 2026, reviewed and approved the results audited by Statutory Auditors P.C. Bindal & Co., Chartered Accountants. The consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. Pursuant to Regulation 47(1)(a) and 52(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements of its audited standalone and consolidated financial results on May 3, 2026 in Jansatta (Delhi edition, Hindi) and Financial Express (English, nationwide circulation).
Earnings Conference Call Audio Recording
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has informed that the audio recording of the Q4 FY25-26 Earnings Conference Call held on Monday, May 4, 2026 at 4:00 P.M. is now available on the company's website. The recording can be accessed at https://www.smcindiaonline.com//wp-content/uploads/2026/05/Concall-SMC-GLOBAL-SECURITIES-LIMITED-04052026.mp3 . The company has confirmed that no unpublished price sensitive information was shared or discussed during the call. The transcript for the said call will be shared with the Stock Exchange and uploaded onto the company's website in due course. The intimation was signed by Suman Kumar, E.V.P. (Corporate Affairs & Legal), Company Secretary & General Counsel (Membership No. F5824).
Unmodified Audit Opinion Declared
Pursuant to Regulation 33(3)(d) and 52(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has declared that Statutory Auditors M/s P.C. Bindal & Co. have issued an unmodified audit opinion on the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The declaration was confirmed and signed by Ajay Garg, Director & Chief Executive Officer (DIN: 00003166), and Vinod Kumar Jamar, President & Group CFO, on May 2, 2026, from New Delhi. The intimation was also made available on the company's website at www.smcindiaonline.com .
Strong Q4 Performance with Significant YoY Growth
The company delivered exceptional performance in Q4, with consolidated net profit surging to ₹211M compared to ₹37M in the same quarter last year, representing a remarkable 470% year-on-year growth. Q4 revenue also showed positive momentum, rising to ₹5.1B from ₹4.95B in the corresponding quarter of the previous year. Additionally, Q4 EBITDA increased to ₹897M from ₹630M in the previous year, marking a 42% year-on-year growth.
| Q4 Performance: | Current Quarter | Previous Year Quarter | Growth (%) |
|---|---|---|---|
| Consolidated Net Profit: | ₹211M | ₹37M | +470% |
| Revenue: | ₹5.1B | ₹4.95B | +3.03% |
| EBITDA: | ₹897M | ₹630M | +42% |
| EBITDA Margin: | 17.4% | 15% | +240 bps |
Consolidated Financial Performance FY26
For the financial year ended March 31, 2026, the company reported total revenue from operations of ₹1,87,692.27 lakhs, compared to ₹1,77,574.88 lakhs in the previous year. Net profit after tax for the year stood at ₹10,324.60 lakhs, down from ₹14,681.16 lakhs in FY25. Total comprehensive income for the year was ₹11,319.47 lakhs. The paid-up equity share capital increased to ₹4,188.00 lakhs from ₹2,094.00 lakhs in the previous year, following the bonus issue. Earnings per share (basic and diluted) for FY26 was ₹4.87, compared to ₹6.96 in the previous year.
Standalone Financial Results
On a standalone basis, total revenue from operations for FY26 was ₹96,812.08 lakhs, compared to ₹92,429.19 lakhs in the previous year. Profit before tax for the year was ₹10,089.81 lakhs, while profit after tax stood at ₹8,131.68 lakhs. For the quarter ended March 31, 2026, standalone revenue from operations was ₹24,992.70 lakhs, with profit after tax of ₹2,067.89 lakhs.
Key Financial Metrics
The following table presents a consolidated view of key financial metrics for the quarter and full year ended March 31, 2026:
| Particulars: | Quarter Ended March 31, 2026 (Audited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|
| Consolidated Total Revenue: | ₹51,694.34 lakhs | ₹1,87,692.27 lakhs |
| Consolidated Net Profit After Tax: | ₹2,146.42 lakhs | ₹10,324.60 lakhs |
| Standalone Total Revenue: | ₹24,992.70 lakhs | ₹96,812.08 lakhs |
| Standalone Profit After Tax: | ₹2,067.89 lakhs | ₹8,131.68 lakhs |
| Basic EPS (Consolidated): | ₹1.01 | ₹4.87 |
Dividend Announcement
The Board of Directors has proposed a final dividend of 30%, or ₹0.60 per equity share of the face value of ₹2 each, amounting to ₹1,256.40 lakhs. This is subject to approval by shareholders at the ensuing Annual General Meeting. The company had already paid an interim dividend of 30% during FY 2025-26, bringing the total dividend for the financial year to 60%, or ₹1.20 per equity share.
Corporate Actions
On November 17, 2025, the company allotted 10,47,00,000 bonus equity shares of ₹2 each to shareholders who held equity shares as on the record date. Earnings per equity share has been calculated for the current period and restated for all previous periods after considering the total number of equity shares post-issue of bonus shares as per the provisions of the applicable Ind AS.
Historical Stock Returns for SMC Global Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.16% | -0.40% | -3.69% | +7.71% | +7.03% | +76.23% |
Given the significant divergence between Q4's 470% net profit surge and the full-year FY26 net profit decline from ₹14,681 lakhs to ₹10,325 lakhs, what structural cost or revenue challenges weighed on SMC Global's earlier quarters, and can the Q4 momentum be sustained into FY27?
With SMC Global's paid-up equity share capital doubling following the bonus issue, how might the resulting EPS dilution affect investor sentiment and the company's ability to attract institutional investors going forward?
As SEBI continues to tighten regulations around retail derivatives trading and broking commissions, how could potential regulatory changes impact SMC Global's revenue mix and profitability in the near term?


































