SMC Global Securities Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- SMC Global Securities Ltd reported a 1.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.3%.
- Its expenses for the quarter were up by 2.7% QoQ and 10.3% YoY.
- The net profit decreased 3.8% QoQ and decreased 15.7% YoY.
- The earnings per share (EPS) of SMC Global Securities Ltd stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 457.93 | 452.62 | 430.61 | 1.2% | 6.3% |
Total Expenses | 397.44 | 387.08 | 360.36 | 2.7% | 10.3% |
Profit Before Tax | 55.80 | 60.98 | 67.24 | -8.5% | -17.0% |
Tax | 11.93 | 15.38 | 15.18 | -22.4% | -21.4% |
Profit After Tax | 43.86 | 45.60 | 52.02 | -3.8% | -15.7% |
Earnings Per Share | 4.20 | 4.30 | 4.90 | -2.3% | -14.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
SMC Global Securities Ltd is a recognized entity in the financial services industry, primarily dealing with brokerage services, investment banking, and wealth management solutions. The company operates in the Indian financial market, catering to individual and institutional clients. As a leading player in the securities sector, SMC Global offers a range of services, including equity, commodities, derivatives trading, and research-based investment advisory. Any recent major developments specific to SMC Global are not available in the provided data, thus insights into their current strategic initiatives or market expansions are not covered in this report.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), SMC Global Securities Ltd reported a total income of ₹457.93 crores. This represents a quarter-over-quarter (QoQ) increase of 1.2% from ₹452.62 crores in Q2FY25, and a year-over-year (YoY) growth of 6.3% compared to ₹430.61 crores in Q3FY24. This upward trend in total income underscores a consistent growth trajectory over the specified periods. The revenue figures illustrate SMC's ability to generate income amidst varying market conditions, reflecting its operational scale and client engagement.
Profitability
The profitability metrics for SMC Global Securities Ltd indicate a reduction in profits over the examined periods. The company recorded a profit before tax of ₹55.80 crores in Q3FY25, a decline of 8.5% QoQ from ₹60.98 crores in Q2FY25, and a decrease of 17.0% YoY from ₹67.24 crores in Q3FY24. The tax expense for Q3FY25 was ₹11.93 crores, which decreased by 22.4% QoQ and 21.4% YoY. Consequently, the profit after tax stands at ₹43.86 crores, marking a decrease of 3.8% QoQ and 15.7% YoY. Earnings per share (EPS) correspondingly declined to ₹4.20 in Q3FY25, down from ₹4.30 in Q2FY25 and ₹4.90 in Q3FY24, reflecting a decrease of 2.3% QoQ and 14.3% YoY.
Operating Metrics
The total expenses for SMC Global Securities Ltd in Q3FY25 were ₹397.44 crores, showing an increment of 2.7% QoQ from ₹387.08 crores in Q2FY25 and 10.3% YoY from ₹360.36 crores in Q3FY24. This increase in expenses suggests operational costs are rising at a faster pace than revenue growth, impacting overall profitability. Despite the rise in expenses, the company continues to maintain its operational activities effectively, as evidenced by the steady revenue growth. This analysis of operating metrics highlights the importance of managing cost structures to sustain profitability amidst fluctuating market conditions.
