SMC Global Securities Ltd

SMC Global Securities Limited reported consolidated revenue growth of 21% year-on-year in H1 FY27, with profit after tax up 28% to ₹65 crores. The company raised ₹166.49 crores through a public issue of non-convertible debentures, oversubscribed by 11% over the ₹150 crore target. Broking revenue grew 19.7% YoY, with client base reaching 14.2 lakh and DP AUA at ₹1.66 lakh crores. The NBFC segment saw revenue growth of 33.6% YoY, with AUM at ₹1,031 crores and capital adequacy ratio at 46.1%. Insurance broking revenue rose 19.3% YoY, with 5.78 lakh policies issued. The company noted a 25 basis point increase in repo rate by RBI, expecting minimal impact on net interest margin due to higher yields from secured lending. StoxKart, the digital platform, reported quarterly revenue over ₹20 crores but is not yet profitable, with plans to invest ₹50 crores annually for growth. Management highlighted strategic focus on reducing unsecured lending, aiming for below 15% of AUM in the near term. The company emphasized financial discipline and operating leverage, with no immediate plans for divesting or scaling any business lines. The earnings call concluded with management reaffirming confidence in long-term growth despite market volatility.

The summary presents factual results, operational updates, and strategic direction without overtly positive or negative language.