SG Mart Ltd
SG Mart Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Current volumes in B2B metal trading expected to maintain with 15%-20% volume growth. - Service center business experiencing good Q2 growth; plan to stabilize and expand in FY '27. - For FY '26, service centers to operate at approx. Long-term growth is expected, with confidence that the business models will deliver promised numbers despite short-term underperformance.
From SG Mart Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Current volumes in B2B metal trading expected to maintain with 15%-20% volume growth.
- Service center business experiencing good Q2 growth; plan to stabilize and expand in FY '27.
- For FY '26, service centers to operate at approx. 10,000 tons/month each, higher than earlier estimates.
- First half FY '26, 0.5 million tons in B2B metal trading and service centers; expected to have higher volumes in second half.
- Renewable structures order book over 30,000 tons with ramp-up expected.
- FY '27 anticipated to see more service centers added, leading to higher volumes.
- B2B metal trading volume potentially unlimited, assuming adequate steel supply nationally.
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Profitability & Margins
See what SG Mart Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- SG Mart Limited has planned a capex of about INR 200 crores per year.
- The company intends to use cash profits generated annually to fund this capex.
- Current capex targets align with expected EBITDA growth over FY '26 to FY '28, with cumulative EBITDA expected to match capex spend.
- No additional capex is planned for new product lines (like profiling machines) as they will be set up within existing service centers, helping utilize existing assets without acquiring new land or building factories.
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Fundraising & Capital Structure
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Order Book & Pipeline
- Current order book in solar/renewable segment is INR 260 crores, covering the next 3-4 months.
- The company is in discussions with several large Independent Power Producers (IPPs) for additional orders.
- No new specific order announcements were made recently, but ongoing efforts continue for order additions.
- The focus remains on scaling service centers and renewable structure businesses to drive future order inflows.
SG Mart Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.8K Cr, net profit ₹41 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What SG Mart's management said in earlier quarters
Others in Metals & Minerals Trading this season
- Lloyds Enterpris (Q2 FY26)
Income from Operations (Standalone) for H1FY26: ₹490 crore, up 36% YoY (from ₹359 crore in H1FY25). Key investor presentation takeaways from Lloyds Enterprises
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Frequently Asked Questions
What were SG Mart Ltd Q2 FY26 results?
Current volumes in B2B metal trading expected to maintain with 15%-20% volume growth. - Service center business experiencing good Q2 growth; plan to stabilize and expand in FY '27. - For FY '26, service centers to operate at approx. Long-term growth is expected, with confidence that the business models will deliver promised numbers despite short-term underperformance.
What is SG Mart Ltd share price analysis?
SG Mart Ltd currently shows a neutral. The stock trades at a P/E of 80.9 with a market cap of ₹10,063 Cr. Investors should review the full earnings analysis for detailed insights.
Is SG Mart Ltd planning capital expenditure?
SG Mart Limited has planned a capex of about INR 200 crores per year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.