SMC Global Securities Limited (ISIN: INE103C01036) has reported a significant improvement in profitability for the first quarter, despite facing regulatory headwinds and market challenges. The company's consolidated revenue showed a modest quarter-on-quarter growth of 0.90% to ₹425.10 crores, while its profit after tax (PAT) surged by an impressive 632% to ₹30.00 crores compared to the previous quarter.

Financial Highlights

Segment Performance

Broking, Distribution, and Trading

• Revenue: ₹274.90 crores
• Added over 26,000 new clients in Q1
• Wealth advisory AUM reached ₹1,007.00 crores (6.20% YoY increase)
• Mutual fund AUM rose to ₹4,519.00 crores (8.20% YoY increase)
• Added 1,095 new SIPs in Q1

Financing

• Revenue: ₹51.00 crores (25.00% QoQ growth)
• NBFC AUM: ₹1,191.00 crores
• GNPA: 3.90%
• NNPA: 2.60%

Insurance Broking

• Revenue: ₹116.00 crores
• Total insurance policies sold: Over 232,000 in Q1

Operational Highlights

SMC Global Securities continues to expand its presence across India:

• Network of 2,137 authorized persons across 412 cities
• 6,811 financial distributors
• NBFC operations active through 42 branches across 9 states
• Insurance vertical operating through 8 branches nationwide, supported by 16,102 POS agents and 356 MISPs

Management Commentary

Subhash Chandra Aggarwal, Chairman and Managing Director of SMC Group, commented on the results: "Despite facing regulatory headwinds, we are pleased to report quarter-on-quarter Revenue & EBIT growth across Broking, Distribution & Trading and Financing business segments. While Q1 witnessed some pressure due to external factors, we remain confident of a revival across all verticals as market conditions normalize and investor sentiment improves."

Future Outlook

The company remains optimistic about its growth prospects:

• Targeting to double mutual fund AUM to ₹8,000.00 crores within one year
• Focusing on retail loans in the NBFC segment, particularly in the LAP (Loan Against Property) portfolio
• Expecting improvement in the insurance broking segment in coming quarters
• Launched a discount broking subsidiary, Stoxkart, to compete in the evolving market landscape

SMC Global Securities is adapting to the changing regulatory environment and market conditions by investing in technology, expanding its product offerings, and focusing on customer-centric growth strategies. The company's diversified business model and nationwide network position it well for sustainable long-term growth in the Indian financial services sector.

SMC Global Securities Limited , a prominent player in the financial services sector, has announced two significant developments that underscore its commitment to growth and cybersecurity.

New Non-Convertible Debenture Issue

The Board of Directors of SMC Global Securities has approved a proposal to raise funds through a public issue of non-convertible debentures (NCDs). The issue has a base size of Rs 7,500.00 lakhs with an option to retain oversubscription up to Rs 7,500.00 lakhs, potentially taking the total issue size to Rs 15,000.00 lakhs.

Key features of the NCD issue include:

• Face value of Rs 1,000.00 per NCD
• Secured, rated, listed, and redeemable nature of the debentures
• The funds raised will be used to meet working capital requirements (at least 75%) and for general corporate purposes (up to 25%)

This move comes on the heels of the company's successful utilization of Rs 120.30 crore raised from its previous NCD issue, which was listed on BSE on April 25, 2025. The company reported no deviations from the stated objectives of the previous issue, demonstrating its prudent financial management.

Appointment of New Key Managerial Personnel

In a strategic move to strengthen its cybersecurity posture, SMC Global Securities has designated Mr. Ganesh Badhani as a Key Managerial Personnel, effective July 26, 2025. Mr. Badhani, who serves as the Chief Information & Security Officer (CISO), brings over 18 years of experience in cybersecurity to this critical role.

Mr. Badhani's profile includes:

• Expertise in information security governance, risk and compliance (GRC), data privacy, cloud security, and Security Operations Center (SOC) management
• Globally recognized certifications including CISA, C-CISO, and DCPP
• Active membership in professional organizations such as ISACA, ISC², and the Data Security Council of India

This appointment aligns with regulatory requirements and underscores the company's focus on robust cybersecurity measures in an increasingly digital financial landscape.

SMC Global Securities' decision to raise funds through NCDs and bolster its cybersecurity leadership reflects its dual focus on financial growth and operational resilience. As the company moves forward with these initiatives, investors and stakeholders will be watching closely to see how these strategic moves translate into long-term value creation and enhanced security for the organization.