SMC Global Securities Limited held an earnings conference call for Q4 FY25 on May 12, 2025.
Consolidated revenue for Q4 FY25 stood at ₹421.5 crore, with an EBITDA of ₹63 crore and a PAT of ₹4.1 crore.
Full-year FY25 revenue grew by 8.4% YOY to ₹1,775.7 crore, with an EBITDA of ₹419.4 crore and a PAT of ₹146.8 crore.
The company's network includes 2,147 authorized persons across 424 cities and 6,748 financial distributors.
Mutual fund AUM stands at ₹4,178 crore.
NBFC operations are active through 41 branches covering 9 states.
The insurance vertical operates from 8 branches nationwide, supported by 16,022 e-pods and 348 MISPs.
Segment-wise performance:
Broking, distribution, and trading segment: Q4 FY25 revenue was ₹240.5 crore; FY25 revenue was ₹1,044.5 crore (up 8.6% YOY).
Added ₹36,413 crore to DP AUA during FY25, marking a 46% growth; opened over 1 lakh new Demat accounts.
Wealth advisory AUM rose ₹948 crore, a 4.4% increase YOY; mutual fund AUM rose to ₹4,178 crore, up 9.9% YOY.
Financing segment: Q4 revenue was ₹40.9 crore; FY25 revenue stood at ₹222.6 crore (up 8.2% YOY); NBFC AUM reached ₹1,291 crore (up 4.2% YOY); GNPA and NNPA were 3.6% and 2.2% respectively.
Insurance broking division: Q4 FY25 revenue stood at ₹160.3 crore; FY25 revenue was ₹570 crore (up 7.9% YOY); total insurance policies sold crossed 10 lakh mark in FY25.
Management Commentary:
Subhash Chand Aggarwal, Chairman and Managing Director, noted that the broking and financial services industry witnessed moderation in derivative trading volumes due to stricter norms in the F&O segment and rising geopolitical tensions, leading to a slowdown in market participation and retail activity.
Himanshu Gupta mentioned that they expect the AUM to grow by around 20% in FY26 and are closely monitoring the recoveries in large accounts included in the GNPA.