India, May 4 -- SMC Global Securities Limited has released its consolidated financial results for the quarter and financial year ended March 31, 2026, revealing a tale of two halves. For Q4-FY26, the company saw a massive 424.4% year-on-year (YoY) jump in Net Profit (PAT) to Rs. 21.5 crores, supported by a 22.6% increase in operational income to Rs. 516.9 crores

However, the full-year FY26 performance told a different story. Consolidated revenue grew by a modest 5.7% to Rs. 1,876.9 crores, but Net Profit declined by 29.7% YoY to Rs. 103.2 crores. Management attributed this annual drag to "softer derivatives activity" and significant "regulatory changes in the F&O segment," which impacted the high-margin core broking business.

A major ...