Multibagger stock engaged in offering brokerage services, clearing services, depository services, and many more jumped 8 percent in the day’s trade upon posting its Q4FY24 results with a 203 percent jump in Net Profits.
With a market capitalization of Rs. 1,858 Crores, the shares of SMC Global Securities Limited were trading at Rs. 164.20, up 1 percent from its previous day’s close price of Rs. 162.45. It has delivered multibagger returns of 122 percent in a year.
Its revenue from operations grew by 68 percent YoY from Rs. 303.70 Crores in Q4FY23 to Rs. 509.67 Crores in Q4FY24 and it grew by 19 percent QoQ from Rs. 427.88 Crores in Q3FY24 to Rs. 509.67 Crores in Q4FY24. Annually it generated a revenue of Rs. 1,211.57 Crores in FY23 and Rs. 1,638.49 Crores in FY24 indicating a growth of 35 percent YoY.
Its Net Profit grew by 203 percent YoY from Rs. 21.88 Crores in Q4FY23 to Rs. 66.23 Crores in Q4FY24 and it grew by 23 percent QoQ from Rs. 52.02 Crores in Q3FY24 to Rs. 21.88 Crores in Q4FY24. Annually it generated a profit of Rs. 120.39 Crores in FY23 and Rs. 188.27 Crores in FY24 indicating a growth of 56 percent YoY.
In Addition, the Board of Directors of SMC Global Securities Limited has recommended issuing a Final Dividend of Rs. 1.2 per equity share with a face value of Rs. 2 per share for the financial year 2023-24.
SMC Global Securities Limited is a diversified financial services company engaged in offering brokerage services, clearing services, depository services, distribution of third-party financial products, fund management Services, research support services, and many more.
As of Q4FY24, SMC Global Securities Limited generated 57 percent of its Revenue from Broking, Distribution & Trading, 31 percent from Insurance Broking and 12 percent from financing activities.
It has reported a return on equity (ROE) of 12.9 percent, a return on capital employed (ROCE) of 15.2 percent, and a debt-to-equity ratio of 1.17.
Written by: Bharath K.S
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