Analysts/Institutional Investor Meet/Con. Call Updates

Date: 31.07.2026 Listing Operations Listing Department BSE Limited, National Stock Exchange of India P J Towers, Dalal Street, Limited, Mumbai-400001, India Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Scrip Code: 543263 Bandra Debentures Scrip Code: (E ) Mumbai – 400051 940727,940717,940317,940325,940319, 940323,939639,939655,940725,940321, Symbol: SMCGLOBAL 939651,939657,939643,940327,939647, 940719,940721 and 940723 Subject: Earnings Call Transcript –Q1-FY27. Dear Sir/ Ma’am, In compliance with Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A (15) of Schedule III, please find attached herewith the transcript of Earnings Call for Q1 FY 2026-2027. The above intimation is also being made available on the Company's website at www.smcindiaonline.com. This is for your information and records. Thank you. For SMC Global Securities Limited Suman Kumar E.V.P. (Corporate Affairs & Legal), Company Secretary& General Counsel Membership No. F5824 SMC Global Securities Limited Q1 FY’27 Earnings Conference Call July 27, 2027 Moderator: Ladies and gentlemen, good day and welcome to Q1FY27 Earnings Conference Call of SMC Global Securities Limited, hosted by XB4 Advisory. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0’ on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Gautam Kothari from XB4 Advisory. Thank you and over to you, Mr. Kothari. Gautam Kothari: Thank you. Good evening, everyone, and thank you for joining us on the Q1FY27 Earnings Conference Call of SMC Global Securities Limited. Joining us today on the call are Mr. Subhash Chand Aggarwal - Chairman and Managing Director of SMC Group. Mr. Mahesh C. Gupta - Vice-Chairman and Managing Director, SMC Group. Dr. D. K. Aggarwal - Chairman and Managing Director, SMC Capitals Limited. Mr. Ajay Garg - Director and CEO, SMC Global Securities Limited. Mr. Anurag Bansal – Whole Time Director, SMC Global Securities, Mr. Himanshu Gupta – Director & CEO, Moneywise Financial Services Private Limited Ms. Shruti Aggarwal – Whole Time Director, SMC Global Securities Limited. Mr. Pranay Aggarwal - Director and CEO, Stoxkart, Mr. Rohit Nayyar – Group CFO. Before we begin, please note that today's discussion may include forward-looking statements which reflect the company's current views and expectations. These statements are subject to risk and uncertainty, and actual results may differ materially. A detailed CFO statement is provided on the second-last page of the earnings presentation, which is available on the stock exchange and the company's website as well. With that, I now invite Mr. Subhash Agarwal to share his opening remarks. Over to you, sir. Subhash Chand Aggarwal: Thank you, Mr. Gautam Kothari. Good evening, everyone, and warm welcome to all participants on this call. We hope you have had the opportunity to review our Q1 FY27 Financial Results and the Company's Earnings Presentation, both of which are available on the Stock Exchanges and on our website. Page 1 of 12 Before I take you through our financial performance, let me begin by highlighting the key industry trends and market developments that define the business environment during the quarter. Starting with the broking industry: Q1 FY27 witnessed a relatively stable operating environment, supported by resilient domestic investor participation and healthy activity in the cash market. While the derivatives segment continued to reflect the impact of regulatory measures implemented over the past year, the industry remained focused on building more balanced and diversified business models through wealth management, distribution, advisory and other fee-based businesses. We believe this transition continues to strengthen the long-term quality and sustainability of industry earnings. During the quarter, Indian equity markets remained broadly resilient despite intermittent global macroeconomic and geopolitical uncertainties. Strong domestic institutional participation and sustained SIP inflows continued to provide structural support to market sentiment, while increasing financialization of household savings and growing retail investor participation reinforced the long-term growth opportunity for the broking industry. On the regulatory front: The industry continues to operate in an evolving but constructive environment. Market participants remain focused on strengthening governance, risk management and technology infrastructure while adapting to regulatory initiatives aimed at enhancing market integrity and investor protection. We believe firms with diversified revenue streams, robust compliance frameworks and disciplined capital allocation remain well positioned to capitalize on the structural growth opportunities in India's capital markets. Turning to the insurance broking industry: The sector continued to witness healthy momentum during Q1 FY27, supported by sustained demand across both life and non-life insurance segments. Customer awareness around financial protection continued to improve, particularly in health and retail insurance, while digital adoption and expanding distribution networks further strengthened market reach. The industry also continued to benefit from the long-term structural drivers of increasing insurance penetration and favourable regulatory initiatives, reinforcing our confidence in the sector's sustainable growth prospects. With respect to the financing and NBFC segment: the operating environment during Q1 FY27 remained stable, with the sector continuing to balance growth opportunities alongside prudent risk management. Improving systemic liquidity and easing interest rate expectations provided a more supportive backdrop for credit Page 2 of 12 growth, while lenders remained focused on portfolio quality and disciplined underwriting. The industry also continued to witness a preference for secured lending segments, with asset quality trends remaining broadly stable. We believe well-capitalised institutions with diversified lending portfolios and strong risk management practices remain well positioned to benefit as credit demand continues to recover. Overall, while the operating environment continues to evolve across our business segments, the long-term structural drivers remain firmly intact. We believe our diversified business model, disciplined execution and continued focus on governance and customer-centricity positions us well to capture these opportunities. With that backdrop, let me now walk you through the key highlights of our performance for the quarter: In Q1 FY27, our consolidated operational income stood at ₹515.1 crores, representing a year- on-year growth of 21.2%. EBITDA for the quarter was ₹107 crores, up 6.9% Y-o-Yand up 19.3% Q-o-Q. Profit after tax stood at ₹36.7 crores, compared to ₹30 crores in Q1 FY26, representing a growth of 22.3% year-on-year. Within our broking, distribution and trading business, Q1 FY27 revenue rose 15.1% year-on- year to ₹316.3 crores, with segment EBIT improving by 17.6% year-on-year to ₹74.3 crores in the quarter. Our broking client base, including StoxKart, grew to 13.8 lakh accounts as of Q1 FY27, while our broking DP AUA expanded to ₹1,64,962 crores. Our distribution business continued to scale, with cumulative mutual fund AUM reaching ₹4,787 crores, supported by 92,129 active SIPs. Aligned with evolving customer preferences and industry trends, we have continued to strengthen our presence across cash, delivery, distribution and advisory businesses, which we believe will remain the key structural growth drivers for our broking franchise over the long term. Our financing business operated through 40 branches across 7 states, with a continued [Showing first 8,000 characters — download PDF for full document]