Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — H1 FY26 Earnings Presentation
34 slides from Smc Global Securities Ltd. (india)'s earnings presentation, Oct 31, 2025
Slide 1: Exchange filing cover letter
Date: 31-10-2025 Listing Operations Listing Department BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, C-1, Block G, Mumbai-400001, India Bandra Kurla Complex, Bandra Scrip Code: 543263 (E ) Mumbai – 400051 Debentures Scrip Code: 939657,940327, 940317
Slide 2: SMC Global Securities Ltd Earnings Presentation Q2/H1 FY26
SMC Global Securities Ltd Earnings Presentation – Q2/H1 FY26
Slide 3: Q2/H1 FY26 Performance Highlights
About Us Q2/H1 FY26 Performance Highlights
Slide 4: Consolidated Performance Highlights
Consolidated Performance Highlights Q2 FY26 H1 FY26 Revenue Revenue INR 440.3 Crores INR 865.2 Crores EBITDA EBITDA INR 84.4 Crores INR 184.5 Crores PAT PAT INR 21.0 Crores INR 50.9 Crores • The quarter’s performance reflected industry-wide moderation in trading activity due to regulatory changes in
Slide 5: Q2 FY26 Consolidated Segmental Performance
Q2 FY26 Consolidated Segmental Performance (INR Crs) BROKING, DISTRIBUTION & TRADING INSURANCE BROKING FINANCING (NBFC) -12.8% 21.1% -7.9% 162.5 50.4 276.2 Revenue 46.4 134.2 240.9 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 -38.1% 7.7% -14.0% 78.8 4.2 30.6 EBIT 26.3 48.8 3.9 Q2FY25 Q2FY26 Q2FY25 Q2FY
Slide 6: H1 FY26 Consolidated Segmental Performance
H1 FY26 Consolidated Segmental Performance (INR Crs) BROKING, DISTRIBUTION & TRADING INSURANCE BROKING FINANCING (NBFC) -7.8% 6.3% -12.0% 559.7 278.3 110.6 Revenue 515.9 261.7 97.3 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 -26.3% -9.6% -25.8% 152.0 7.3 74.0 6.6 EBIT 112.0 54.9 H1FY25 H1FY26 H1FY25 H
Slide 7: Business Vertical - Broking, Distribution & Trading
Business Vertical - Broking, Distribution & Trading Key Highlights: Segment Revenue* (INR Crs) Broking DP AUA (INR Crs) 1,044.5 1,42,214 961.4 • Our expansive network includes 2,152 authorized 1,15,048 persons, spanning 412 cities and 6,573 financial 767.8 distributors across India. 78,635 515.9 52,
Slide 8: Insurance Broking
Insurance Broking Insurance Gross Premium (INR Crs) Segment Revenue* (INR Crs.) 2,884 2,892 2,717 Key Highlights: 528 570 1,364 • SMC Insurance operates through 8 branches 348 nationwide. 278 • The company has a workforce of 500 employees. FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 • Utilizes a net
Slide 9: Financing (NBFC) - Middle Layer
Financing (NBFC) - Middle Layer Segment Revenue (INR Crs) 222.6 205.7 • In the year 2008, SMC started providing financing services through its wholly owned subsidiary, Moneywise 132.0 Financial Services Pvt. Ltd. (SMC Finance). 97.3 • MWFS offers wide spectrum of financial products like SME Micro LA
Slide 10: Financial Performance
About Us Q2/H1 FY26 Financial Performance
Slide 11: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Crs) Q2 FY26 Q1 FY26 Q-o-Q Q2 FY25 Y-o-Y H1 FY26 H1 FY25 Y-o-Y Operational Income 440.3 424.9 3.6% 450.8 -2.3% 865.2 898.8 -3.7% Total Expenses 355.9 324.8 331.9 680.7 654.4 EBITDA 84.4 100.1 -15.7% 118.9 -29.0% 184.5 244.4 -24.5% EBITDA Margins (%) 19.
Slide 12: Standalone Income Statement
Standalone Income Statement Particulars (INR Crs) Q2 FY26 Q1 FY26 Q-o-Q Q2 FY25 Y-o-Y H1 FY26 H1 FY25 Y-o-Y Operational Income 216.5 246.1 -12.0% 255.0 -15.1% 462.7 502.4 -7.9% Total Expenses 169.0 184.0 170.3 353.0 337.0 EBITDA 47.5 62.1 -23.5% 84.7 -43.9% 109.7 165.4 -33.7% EBITDA Margins (%) 21.9
Slide 13: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Crs) Sept-25 Mar-25 Particulars (INR Crs) Sept-25 Mar-25 Assets Equity and Liabilities Non-Financial Assets Equity Inventories 8.3 2.8 Share Capital 20.9 20.9 Current tax assets (net) 14.0 9.7 Deferred tax assets (net) 37.2 33.9 Other Equity 1,2
Slide 14: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Crs) Sept-25 Mar-25 Particulars (INR Crs ) Sept-25 Mar-25 Assets Equity and Liabilities Non-Financial Assets Equity Inventories 0.0 0.0 Share Capital 20.9 20.9 Current tax assets (net) 7.3 4.2 Deferred tax assets (net) 20.0 14.6 Other Equity 957.6
Slide 15: H1 FY26 Assets Under Management
H1 FY26 Assets Under Management Broking DP AUA (INR Crs) Mutual Funds AUM (INR Crs) 1,42,214 4,459 4,178 1,15,048 3,801 2,992 78,635 52,700 FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 Wealth AUM/AUA (INR Crs) NBFC AUM (INR Crs) 1,091 1,237 1,291 908 948 1,088 900 610 FY23 FY24 FY25 H1FY26 FY23 FY24
Slide 16: Key Business Trends – Broking & Insurance
Key Business Trends – Broking & Insurance Broking Clients* (in Thousands) Average Daily Turnover In Broking (In Cr) StoxKart Clients (in Thousands) 1,250 310 1,169 2,91,063 2,82,580 1,057 263 240 930 2,27,060 2,02,081 194 FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 *including S
Slide 17: Q2/H1 FY26 Financing (NBFC) Business in numbers
Q2/H1 FY26 Financing (NBFC) Business in numbers AUM* Total Income Net Worth INR 1,088.18 Crs INR 97.27 Crs INR 485 Crs NNPA % ROA % OPEX to AUM 2.49% 2.33% 5.34% Total Borrowings/ Cumulative Loans Leverage Ratio Cost of Borrowing %*** Disbursed INR 757.87 Crs / 10.66% INR 40 Bn+ 1.56x Credit Cost-AN
Slide 18: Q2/H1 FY26 Key Business Trends - NBFC
Q2/H1 FY26 Key Business Trends - NBFC AUM (In Crs) Disbursements (INR Crs) NII (INR Crs) & NIM (%) 88.2 906.6 82.9 25 25 17 46 809.7 78.4 87 40 774.0 121 56 52 33 18 12 376 336 136 61 9.85% 8.63% 40.9 204 263 210 242 180 260.8 170 7.05% 7.27% 11.4% 11.8% 11.8% 12.4% 511 487 424 377 FY23 FY24 FY25 H1
Slide 19: About SMC Group
About Us About SMC Group
Slide 20: SMC at a Glance
SMC at a Glance Consolidated 5 Year PAT CAGR* 5 Year Revenue CAGR* Net worth 43.8% 17.9% INR 1,257.87 Crs Branches Across India NBFC AUM Debt/Equity INR 1,088 Crs 1.56x 203 Including 1 in Dubai Cities Covered Employees Authorised Persons 412 4,117 2,152 Network of Financial Client Demat A/Cs Clearin
Slide 21: Evolution from Traditional Broking to well diversified Financial Service Company
Evolution from Traditional Broking to well diversified Financial Service Company Discount Broking (StoxKart) Financing (NBFC) Brokerage • Founded in 1994 by Mr. Subhash C. Services Aggarwal and Mr. Mahesh C. Gupta, initially focusing on traditional Insurance broking services. Broking Investment • St
Slide 22: Organizational Structure
Organizational Structure Discount Moneywise Brokerage Finvest Limited (StoxKart) - 100% Moneywise Financing (NBFC) Financial SMC Insurance Insurance Services Brokers Private Business Private Limited Limited - 90% Broking Services - 100% SMC Investech Private Limited - 100% SMC Comex (Formerly Intern
Slide 23: Business Structure
Business Structure Equity, Commodity, Currency & Full-Service Broking Investment Banking SME – Loan Against Property (LAP) Discount Broking SME – Working Capital Term Loan (WCTL) Clearing Services SME-Asset Finance MTF Supply Chain Financing Fixed Income Micro LAP Proprietary Trading Wealth Manageme
Slide 24: Expert Leadership
Expert Leadership Experienced Management Team with Focused Business Heads Mr. Subhash C. Aggarwal Chairman & Managing Director, SMC Group Mr. Ajay Garg Dr. D. K. Aggarwal Mr. Himanshu Gupta Mr. Pranay Agarwal Mrs. Shruti Aggarwal Director & CEO – SMC CMD-SMC Investments and Director & CEO- Director
Slide 25: Experienced Management Team with Focused Business Heads
Experienced Management Team with Focused Business Heads Mrs. Aditi Aggarwal Mrs. Reema Garg Mr. Pravin K. Agarwal Mr. Vinod Kumar Jamar Director - Moneywise Finvest Group CHRO. Director – Whole-Time Director- SMC President & Group Chief Financial Limited Moneywise Finvest Ltd. Insurance Brokers Pvt.
Slide 26: Key Strengths
Key Strengths Comprehensive Financial Offerings with High Margin Business: SMC offers a diverse range of high-margin financial products under one roof Established National Brand: Strong Broking & Distribution Network: Well established and deeply penetrated national brand with Over 2,152 Authorized p
Slide 27: Historical Financial Overview
About Us Historical Financial Overview
Slide 28: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Crs) FY23 FY24 FY25 H1 FY26 Operational Income 1,211.6 1,638.4 1,775.7 865.2 Total Expenses 941.7 1,212.5 1,356.3 680.7 EBITDA 269.9 425.9 419.4 184.5 EBITDA Margins (%) 22.3% 26.0% 23.6% 21.3% Other Income 4.1 6.2 10.0 2.7 Depreciation 22.7
Slide 29: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Crs) FY23 FY24 FY25 H1 FY26 Operational Income 679.2 853.2 924.3 462.7 Total Expenses 497.0 583.7 667.3 353.0 EBITDA 182.2 269.5 257.0 109.7 EBITDA Margins (%) 26.8% 31.6% 27.8% 23.7% Other Income 13.7 30.3 31.1 10.4 Depreciation 17.0 24.1 22.9
Slide 30: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Crs) Mar-23 Mar-24 Mar-25 Sept-25 Particulars (INR Crs) Mar-23 Mar-24 Mar-25 Sept-25 Assets Equity and Liabilities Non-Financial Assets Equity Inventories 5.2 6.5 2.8 8.3 Current tax assets (net) 29.0 16.1 9.7 14.0 Share Capital 20.9 20.9 20.9 2
Slide 31: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Crs) Mar-23 Mar-24 Mar-25 Sept-25 Particulars (INR Crs ) Mar-23 Mar-24 Mar-25 Sept-25 Assets Equity and Liabilities Non-Financial Assets Equity Inventories 0.2 - - - Share Capital 20.9 20.9 20.9 20.9 Current tax assets (net) 10.6 2.0 4.2 7.3 Defer
Slide 32: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Revenue (INR Crs) EBITDA (INR Crs) & EBITDA Margin (%) PAT (INR Crs) & PAT MARGIN (%) 425.9 419.4 188.3 1,775.7 1,638.4 146.8 1,211.6 269.9 120.4 865.2 184.5 11.5% 26.0% 23.6% 9.9% 50.9 21.3% 8.3% 15.6% 11.9% 22.3% 11.7% 9.9% 5.9% FY23 FY24 FY25 H1FY26 F
Slide 33: Disclaimer
Disclaimer SMC Global Securities Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions
Slide 34: Thank You
Thank You About Us Company Details: Investor Relations Partner: SMC Global Securities Ltd. X-B4 Advisory LLP Vinod Kumar Jamar Rasika Sawant: +91 95944 57518 Chief Financial Officer rasika@x-b4.com vinodjamar@smcindiaonline.com Gautam Kothari: +91 79776 16640 www.smcindiaonline.com gautam@x-b4.com w
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