SMC GLOBAL SECURITIES Q2 CONCALL : NET PROFIT SURGES 34% YOY, REVENUE UP 21%; MANAGEMENT CUTS FY27 NBFC AUM GUIDANCE TO ₹1,125–1,150 CR

• MANAGEMENT REVISES FY27 NBFC CLOSING AUM GUIDANCE DOWNWARD TO ₹1,125–1,150 CR FROM EARLIER ₹1,300 CR, REFLECTING A STRATEGIC SHIFT TOWARDS SECURED LENDING • MANAGEMENT TARGETS STOXKART FY27 REVENUE ABOVE ₹100 CR, SUPPORTED BY DIGITAL CUSTOMER ACQUISITION & MARGIN TRADING FACILITY EXPANSION • MANAGEMENT DOES NOT EXPECT STOXKART TO ACHIEVE BREAKEVEN IN FY27 DUE TO CONTINUED TECHNOLOGY & MARKETING INVESTMENTS • MANAGEMENT PLANS ADDITIONAL INVESTMENT OF APPROXIMATELY ₹50 CR IN STOXKART, PRIMARILY TO EXPAND ITS MARGIN TRADING FACILITY BOOK • MANAGEMENT EXPECTS UNSECURED LOANS TO DECLINE TO 10–15% OF THE NBFC PORTFOLIO OVER TIME, WITH GREATER FOCUS ON MICRO-LAP & GOLD LOANS • Q2 CONSOLIDATED REVENUE GREW 20.9% YOY TO ₹532.5 CR, WHILE EBITDA INCREASED 20.4% TO ₹101.6 CR • Q2 NET PROFIT SURGED 34.4% YOY TO ₹28.2 CR, WITH EBITDA MARGIN AT 19.1% & PAT MARGIN AT 5.3% • H1 FY27 REVENUE GREW 21.1% YOY TO ₹1,047.5 CR, EBITDA INCREASED 13% TO ₹208.4 CR & NET PROFIT ROSE 27.6% TO ₹65 CR • BROKING, DISTRIBUTION & TRADING REVENUE GREW 19.7% YOY TO ₹288.3 CR, WHILE TOTAL BROKING CLIENTS REACHED 14.2 LAKH • BROKING & DEMAT ASSETS UNDER ADMINISTRATION REACHED ₹1,66,737 CR, UP APPROXIMATELY 17% FROM MARCH 2026, WHILE ONLINE CLIENT PENETRATION INCREASED TO 75% • INSURANCE BROKING REVENUE GREW 19.3% YOY TO ₹193.8 CR, WHILE H1 GROSS PREMIUM REACHED ₹1,598 CR WITH APPROXIMATELY 5.78 LAKH POLICIES ISSUED • NBFC REVENUE GREW 33.6% YOY TO ₹62 CR, WHILE SEGMENT EBIT INCREASED 43% TO ₹37.6 CR, SUPPORTED BY IMPROVED LENDING YIELDS & FUNDING COSTS • NBFC AUM STOOD AT ₹1,031 CR VS ₹1,119 CR IN MARCH 2026, WHILE MICRO-LAP AUM INCREASED TO ₹172 CR & GOLD LOAN AUM REACHED ₹74 CR • COMPANY RAISED ₹150 CR THROUGH LISTED NCDS IN OCTOBER 2026, WHILE CONSOLIDATED NET WORTH STOOD AT ₹1,358 CR & DEBT-TO-EQUITY RATIO AT 1.63X • MANAGEMENT REMAINS FOCUSED ON DIVERSIFIED REVENUE GROWTH, BUT WEAKER BROKING ACTIVITY, SEQUENTIAL PROFIT DECLINE, LOWER NBFC AUM GUIDANCE, STOXKART LOSSES & INSURANCE REGULATORY UNCERTAINTY REMAIN KEY RISKS

SMC GLOBAL SECURITIES LTD

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