SMC Global Securities reported a significant decline in quarterly profit, causing its shares to drop 3.9%. The company faces margin pressure despite a slight rise in revenue, raising investor concerns about profitability amid competitive market conditions.
                                        
                        
	SMC Global Securities Ltd (SMCG.NS) saw its shares decline by 3.9% following the release of its quarterly earnings, which indicated a steep drop in profit. For Q2 FY26, the company reported a consolidated net profit of ₹20.66 crore, down 54.4% year-over-year from ₹45.30 crore, alongside a marginal 2.2% dip in revenue to ₹4,400 crore.
	 
	Key Highlights:
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		Profit after tax plummeted 54.4% year-on-year, highlighting tightening margins and increased operating expenses.
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		Revenue decreased slightly by 2.2%, reflecting challenging market conditions.
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		EBITDA margin compressed by 720 basis points to 19.17%, underscoring the profitability squeeze.
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		Rising employee costs and sustained interest expenses added to margin pressures.
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		Despite near-term challenges, the company is pursuing tech-enabled financial services expansion.
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		Investor sentiment turned cautious, reflected in the 3.9% share price drop amid broader competitive pressures.
	SMC Global’s financial performance signals the need for strategic adjustments as market challenges persist, with stakeholders closely monitoring upcoming quarters.
	 
	Sources: MarketsMojo, Economic Times, Moneycontrol, Market Screener, JM Financial Services