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SG Mart Results: Latest Quarterly Results & Analysis

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SG Mart Ltd. 30 Oct 2025 14:55 PM

Q2FY26 Quarterly Result Announced for SG Mart Ltd.

Electric Utilities company SG Mart announced Q2FY26 results

  • Revenue: Rs 17,042 million compared to Rs 17,928 million during Q2FY25.
  • EBITDA: Rs 470 million compared to Rs 346 million during Q2FY25.
  • PAT: Rs 265  million compared to Rs 159 million during Q2FY25.

Amit Thakur, Executive Director, SG Mart, said: “We are pleased to report that our team has delivered strong sequential growth in Q2FY26, with revenue increasing over the previous quarter. This reflects improved traction across our core steel-trading business, downstream steel products and the renewable-structures segment.

At the same time, we have observed some pressure on our margin performance. While the revenue growth is encouraging, margin compression arose due to softer realisations in the steel trading business and elevated cost absorption for the newly started renewable business.”

Result PDF

Power - Electric Utilities company SG Mart announced Q1FY26 results

  • Revenue: Rs 11,438 million compared to Rs 11,336 million during Q1FY25.
  • EBITDA: Rs 563 million compared to Rs 442 million during Q1FY25.
  • PAT: Rs 323 million compared to Rs 263 million during Q1FY25.

Shiv Bansal, Joint MD, SG Mart, said: “Q1FY26 has been a muted quarter for the steel industry overall, largely due to macroeconomic headwinds, moderated infrastructure spending, and fluctuating raw material prices. We remain focused on strengthening our distribution capabilities, deepening customer engagement, and expanding our service centre network.

FY25 marked the company’s first full year of operations, during which it established a strong foundation across procurement and supply chain management. Entering FY26, the company is emphasizing on operational efficiency, inventory agility, and strategic partnerships to better navigate volatility and prepare for the anticipated recovery in Q2FY26.”

Result PDF

Electric Utilities company SG Mart announced Q3FY25 results

  • Revenue: Rs 13.5 billion, change 26% QoQ decrease 80% YoY increase.
  • Net Profit: Rs 280 million, change 76% QoQ increase 63% YoY increase.
  • Net Profit Margin: 2.1% for Q3FY25.

Shiv Bansal, Joint MD, SG Mart, said: “We are pleased to report stronger results for Q3FY25, which demonstrate the progress we are making across all areas of our business. Our Q3 performance was an improvement over Q2, driven by sharp EBITDA margin recovery. We are encouraged by these results, but we remain focussed on delivering even stronger performance in coming quarters.”

Result PDF

Electric Utilities company SG Mart announced Q2FY25 results

  • Net revenue Rs 18.2 billion, reflecting an increase of 259% YoY and increase of 59% QoQ.
  • PAT of Rs 159 million reflecting an increase of 78% YoY and a decrease of 39% QoQ.
  • EBITA registered Rs 934 million during the Q2FY25.

Shiv Bansal, Joint MD, SG Mart, said: “Our second quarter results reflect the scalability of our business model. The revenue jumped 59% QoQ, despite the challenging environment. We remain committed to our long-term strategy of operational efficiency and customer satisfaction. The company has implemented several measures to mitigate the impact of fluctuating steel prices, including diversifying its supplier base and enhancing inventory management practices. Additionally, SG Mart is exploring opportunities to expand its product offerings and enter new markets to drive revenue growth.”

Result PDF

Electric Utilities company SG Mart announced Q1FY25 results:

  • Revenue: Rs 11.4 billion, 10% QoQ decrease
  • EBITDA: Rs 247 million, 22% QoQ decrease
  • EBITDA Margin: 2.2%
  • Net Profit: Rs 263 million, 22% QoQ decrease

Shiv Bansal, Joint MD of SG Mart, “We are excited to report another strong quarter, despite the headwinds faced by the construction materials industry, that underscores our leadership position in the B2B construction materials market,”

He added, “Our continued focus on innovation and customer satisfaction has not only driven our growth but also allowed us to build a platform that meets the needs of modern construction professionals. We are committed to delivering value to our customers and suppliers as we navigate the challenges of the industry.”

Result PDF

Electric Utilities company SG Mart announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The company's revenue for Q4FY24 reached Rs 12,775 million.
  • The firm reported an EBITDA of Rs 318 million for Q4FY24
  • The Q4 net profit margin was higher at 2.6%, with a net profit of Rs 336 million.

FY24 Financial Highlights:

  • The company's revenue for FY24 reached Rs 26,829 million.
  • The firm reported an EBITDA of Rs 619 million for FY24.
  • SG Mart saw a net profit margin of 2.3% for FY24, with a net profit of Rs 610 million.
  • The company closed FY24 with a robust net cash balance of Rs 9.4 billion, affirming a healthy liquidity position.

Commenting on the results, Shiv Bansal - Joint MD, SG Mart said, "With an addressable market size of Rs 6 trillion, which is expected to touch Rs 8 trillion by FY27, the sector is yet to be disrupted by technology. Currently, the construction material industry faces various issues like a fragmented supplier base, minimum purchase requirements, and lack of standardized prices. SG Mart’s value proposition and opportunity includes acting as one stop solution for all construction needs, tech enabled onsite delivery, no minimum purchase requirement, and standardized quality and prices.

Against the above background, we are thrilled to announce our outstanding sales performance in our debut year. This achievement is a testament to the hard work, dedication, and ingenuity of our team. We set out with a vision to revolutionize the B2B construction materials industry, and this remarkable milestone reaffirms our belief that we are on the right path. SG Mart's success can be attributed to several key factors, including:

Customer-Centric Approach: At SG Mart, customer satisfaction is paramount. The company places a strong emphasis on building meaningful relationships with its customers, understanding their needs, and providing solutions that exceed expectations. This customer-centric approach has earned the company a loyal customer base and has contributed to its rapid growth.

Strategic Partnerships: SG Mart has forged strategic partnerships with key players in the industry, allowing it to expand its reach and access new markets. These partnerships have provided the company with valuable resources and expertise, enabling it to accelerate its growth and achieve remarkable sales results.

As SG Mart looks towards the future, it remains committed to its mission of delivering comprehensive solutions, quality, and value to its customers. With a strong foundation in place and momentum on its side, the company is poised to continue its upward trajectory and solidify its position as a leader in the industry.”

 

 

Result PDF

Electric Utilities company SG Mart announced Q3FY24 results: 

Financial Performance:

  • Revenue: SG Mart reported a revenue of Rs 7,483 million for Q3FY24.
  • Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): The EBITDA for the quarter stood at Rs 266 million, after excluding other income.
  • Net EBITDA: The company's net EBITDA was Rs 170 million.
  • Profit After Tax (PAT): The PAT for Q3FY24 was reported to be Rs 172 million.

Operational Highlights:

  • Customers: The number of customers reached over 550 by the end of 9MFY24.
  • Vendors: There were over 75 vendors associated with the company by the end of 9M24.
  • Net Working Capital (NWC): SG Mart experienced a negative NWC of -13 days as of December 31, 2023.
  • Return on Capital Employed (ROCE): The company noted an annualized ROCE of approximately 25% for FY24.
  • Return on Equity (ROE): The ROE was recorded at 7% for the same period, annualized based on the Q3FY24 results.

 

Result PDF

Electric Utilities company Kintech Renewables announced Q2FY24 results:

  • Revenue of Rs 5,062 million
  • EBITDA of Rs 123 million
  • PAT of Rs 90 million
  • The company’s name has been changed from Kintech Renewables Limited to SG Mart Limited
  • The company was earlier engaged in the activities relating to the renewable energy sector but now the Company has diversified into business activities related to B2B trading of building material products.
  • The company’s vision is to be amongst the largest B2B marketplace for construction materials. The management is in the process of appointing channel partners to penetrate the construction sector.
  • The company focuses on becoming India's leading one-stop solution for building material products, catering to traders, dealers, contractors, and developers. While the industry has a fragmented supplier base, we will make it easier for our customers to source material.
  • The company’s focus is to help its customers by avoiding the hassle of dealing with multiple vendors.
  • Our product portfolio ranges from construction steel products (including TMT, wire mesh, binding wire, HR sheet, checkered sheet, etc) to fixtures and fitting (electrical and bathroom) and tiles.

 

 

Result PDF

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