Capital Markets
SMC GLOBAL SECURITIES LTD Q4 & FY26 PERFORMANCE HIGHLIGHTS
SMC Global Securities Limited showcases its Q4 & FY26 performance with significant revenue growth and strategic diversification.
SMC Global Securities’ Q4 & FY26 Performance
SMC Global Securities Limited has reported a robust Q4 and FY26 performance, reflecting its strategic initiatives and market recovery. The company’s consolidated revenue for FY26 was INR 1,876.9 crores, marking a 5.7% year-on-year increase.
Key Financial Highlights
The company’s EBITDA for FY26 stood at INR 376.4 crores, a 17.1% increase from the previous year, while the Profit After Tax (PAT) reached INR 103.2 crores, up by 424.4% compared to FY25. The EBITDA margins improved to 20.1%, and PAT margins stood at 5.5%.
Segmental Performance
The broking, distribution, and trading segment contributed 56% to the total revenue, followed by insurance broking at 34%, and financing (NBFC) at 10%. Notably, insurance broking emerged as a significant growth driver, supporting diversification and offsetting softness in core broking revenues.
Future Outlook
Looking ahead, SMC Global Securities is focused on expanding its fee-based income streams and continuing technological integration to enhance service delivery. The company’s global aspirations and commitment to innovation are set to drive future growth.
This development is part of SMC Global Securities FY26 performance’s ongoing strategy and is expected to have a meaningful impact on stakeholders in the coming quarters.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of SMC Global Securities Limited
SMC Global Securities Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
SMC falls 11.9% over three months and has not found a floor yet. Thin margins at 5.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. Sellers drive 1.9x the volume of buyers. Furthermore, they controlled 12 of recent sessions versus 18 for buyers — a clear distribution signal. Revenue grows at 14.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range.
Capital Markets
Indian Energy Exchange Limited (IEX) Achieves 77.2 BU Electricity Traded Volume in H1 FY’27
Indian Energy Exchange Limited (IEX) reports 77.2 BU electricity traded volume, a 14.2% YOY growth in H1 FY’27.
Indian Energy Exchange Limited (IEX) has reported a significant achievement in the first half of fiscal year 2027, with a total electricity traded volume of 77.2 BU, marking a robust 14.2% year-on-year growth. This impressive performance highlights IEX’s continued leadership in India’s electricity market. The exchange achieved a volume of 32.5 BU in the Real-Time Market (RTM), reflecting a 16.5% increase compared to the same period last year.
Electricity Market Performance
In the second quarter of FY’27, IEX saw a traded volume of 39.7 BU, a 12.7% increase from the previous year. The Day-Ahead Market (DAM) registered a total volume of 14,855 MU, a marginal 2.2% year-on-year increase. The Real-Time Market (RTM) experienced a 10.5% growth, reaching 16,490 MU. Notably, the Day Ahead Contingency and Term-Ahead Market (TAM) saw a remarkable 101.5% year-on-year growth, trading 5,477 MU in Q2 FY’27.
September 2026 Highlights
In September 2026, IEX achieved a monthly electricity traded volume of 12.2 BU, an increase of 10.4% year-on-year. The RTM volume for the month was 5.3 BU, up by 10.6% compared to September 2025. The highest ever single-day volume of 315 MU was recorded in the RTM on September 26, 2026. This surge in trading activity is indicative of the strong power demand in the country.
As a result, the average market clearing price in the Day-Ahead Market increased by 46% to Rs 5.7/unit during Q2 FY’27, and in the Real-Time Market, it rose by 49% to Rs 5.2/unit. These price increases reflect the growing energy consumption and demand in India, which touched 502 BUs in Q2 FY’27, marking an 11.5% year-on-year growth.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Indian Energy Exchange Limited
Indian Energy Exchange Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
Indian falls 14.8% over three months and has not found a floor yet. D/E stands at 0.01 with a 3.77% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. Industry-leading margins of 66.2% reflect exceptional pricing power and operational efficiency. RSI stands at 24, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 8 for buyers, so the pressure has not fully lifted. Revenue grows at 15.4% and profits at 17.2% CAGR. However, the stock falls 14.8% in three months and RSI hits 24. The fundamentals argue for patience. The price action argues for caution. Your time horizon decides which wins. Check Fundamentals of Indian Energy Exchange Limited.
Capital Markets
Sg Finserve Limited (sgfin) Announces Loan Book Growth of 98% Yoy for H1-fy27
SG Finserve Limited (SGFIN) reports a strong loan book growth of approximately INR 5,694 crores for H1-FY27, marking a 98% year-on-year increase.
SG Finserve Limited (SGFIN) has announced its impressive financial performance for the first half of FY27. The company closed H1-FY27 with a loan book of approximately INR 5,694 crores, marking a robust year-on-year growth of ~98%.
Strong Year-on-Year Growth
The significant growth in the loan book is a testament to SGFIN’s strong business momentum. Compared to the same period last year, the loan book has expanded by a remarkable 98%. This growth reflects the company’s ability to leverage its extensive network and technological capabilities to provide tailored financing solutions to corporate and MSME customers.
Quarter-on-Quarter Growth
Moreover, SGFIN has demonstrated impressive quarter-on-quarter growth, with a ~25% increase in the loan book from June 30, 2026, to September 30, 2026. This consistent growth highlights the company’s capacity to attract and retain a growing customer base.
As a result, SG Finserve Limited continues to reinforce its position as a reliable and strong financial institution, with an AA-/Stable/A1+ rating from CRISIL and AA(CE)/Stable/A1+ rating from ICRA. The company remains committed to delivering exceptional financial services through its digital first, supply chain-focused approach.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of SG Finserve Limited
SG Finserve Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
SG falls 8.6% over three months and has not found a floor yet. The PEG of 0.25 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. D/E of 1.37 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. The stock holds at 70% of its 52-week range with RSI at 37. In other words, neither side has a clear edge right now. Revenue grows at 102.3% and profits at 90.7% CAGR, with D/E of 1.37. Meanwhile, the stock dips 8.6% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of SG Finserve Limited.
Capital Markets
Indian Energy Exchange Limited Expands Energy Markets Footprint
Indian Energy Exchange Ltd (IEX) announced its subsidiary Indian Coal Exchange Ltd applies for licence with Coal Controller Organisation, expanding its energ.
Indian Energy Exchange Limited (IEX) announced today that its wholly owned subsidiary, Indian Coal Exchange Limited, has applied for a licence with the Coal Controller Organisation (CCO). This move marks a significant expansion of IEX’s energy markets footprint.
Expansion into Coal Market
Indian Coal Exchange Limited, incorporated on June 1, 2026, with an authorised share capital of Rs 100 crore, will be a physical delivery-based coal trading exchange. It aims to provide an organised, transparent, and technology-enabled marketplace for coal trading in accordance with the Coal Exchange Rules, 2026.
Facilitating Efficient Trades
By bringing buyers and sellers together on a single, neutral platform, Indian Coal Exchange will facilitate trades at designated delivery points, enabling efficient price discovery and wider market access. This initiative is backed by IEX’s 18 years of experience in building transparent, technology-driven, and market-based trading platforms.
Complementing IEX’s electricity market business, the Indian Gas Exchange (IGX), and its role in facilitating I-REC issuance in India, Indian Coal Exchange will further broaden the group’s energy market offerings across the energy value chain.
As a result, IEX is poised to enhance its position as a leading player in the energy sector, providing a comprehensive and integrated trading platform for various energy commodities.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Indian Energy Exchange Limited
Indian Energy Exchange Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.
Indian falls 9.8% over three months and has not found a floor yet. D/E stands at 0.01 with a 3.60% dividend yield. Furthermore, the business records zero revenue dips and zero loss quarters in five years — a fortress balance sheet. Industry-leading margins of 66.2% reflect exceptional pricing power and operational efficiency. Sellers drive 1.7x the volume of buyers. Furthermore, they controlled 21 of recent sessions versus 7 for buyers — a clear distribution signal. Revenue grows at 15.4% and profits at 17.2% CAGR — a genuinely strong business. Nevertheless, the stock drops 9.8% in three months. The market sells the stock, not the story. Watch whether that changes at the next earnings. Check Fundamentals of Indian Energy Exchange Limited.
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