All Q3 FY25 results →

SM

SG Mart Ltd

Q3 FY25Metals & Minerals Trading

SG Mart Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹820

Market cap₹8.9K Cr

P/E71.9

Updated23 Aug 2026

Read4 min read

The short version

FY '25 revenue guidance is around Rs. SG Mart aims to achieve Rs.

From SG Mart Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

FY '25 revenue guidance is around Rs. 7,000 crores based on 1.2 to 1.5 million tonnes sales volume.
FY '26 revenue expected to jump 40% from FY '25, approximately Rs. 9,000 crores to Rs. 10,000 crores with 1.8 to 2 million tonnes volume.
By FY '27, revenues targeted at Rs. 18,000 crores (subject to steel price fluctuations) with 2.5 to 3 million tonnes volume.
The company plans to operationalize 15 to 20 service centers by FY '27, boosting margins and volumes significantly.
Q4 FY '25 expected revenue between Rs. 1,500 to Rs. 1,700 crores; full year FY '26 revenue around Rs. 6,000 crores if Q4 meets minimum Rs. 1,500 crores.

2 more points from SG Mart Ltd's call on revenue

Pro opens every point from 15K+ earnings calls

Profitability & Margins

SG Mart aims to achieve Rs. 18,000 crores revenue by FY ’27 with a sales volume of 2.5 to 3 million tonnes.
EBITDA margin guidance is to rise from around 2.1% currently to 2.5% by FY ’27, driven by ramping up service centers, solar structures, and white-label products.
Business EBITDA per tonne targeted to increase from Rs. 1,000 to Rs. 1,200 - Rs. 1,300 by improving product mix.
Operating EBITDA margin expected to improve gradually to 2.5%, supported by service center expansions and higher margin products.
Net working capital cycle to stabilize between 15-20 days, maintaining ROCE above 30%.

2 more points from SG Mart Ltd's call on margins

Pro opens every point from 15K+ earnings calls

See what SG Mart Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Spent around Rs. 142 crores in first nine months of the current fiscal year towards CAPEX.
Two service centers operational: Ghaziabad and Bangalore; three others (Dubai, Raipur, Pune) finishing construction, operational by February 2025.
Identified five new locations for service centers; CAPEX expected to start next month with land identification underway.

2 more points from SG Mart Ltd's call on capex

Pro opens every point from 15K+ earnings calls

Fundraising & Capital Structure

No immediate plans for new debt or equity fundraising.
Current cash and cash flow generation are sufficient to support business growth.
Total capital employed expected around Rs. 2,500 crores to generate Rs. 30,000–35,000 crores business.
Rs. 1,300–1,400 crores cash at start plus Rs. 700–800 crores cumulative cash generation covers capital needs.
Interest expense expected to remain stable; no significant increase anticipated with opening of new service centers.

2 more points from SG Mart Ltd's call on fundraising

Pro opens every point from 15K+ earnings calls

See what SG Mart Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders by SG Mart Limited.
However, business volumes and sales were discussed: the company is targeting to surpass 1.2 million tonnes for the full year FY ’25.
Q3 sales volume was around 290,000 tonnes, with expectations of a heavy jump in Q4 due to ramp-up in service centers.
They expect approximately a 40% jump in revenues for FY ’26 compared to current figures.
New service centers are being commissioned (e.g., Pune, Raipur, Dubai) with additional five sites identified for future expansion.

2 more points from SG Mart Ltd's call on order book

Pro opens every point from 15K+ earnings calls

SG Mart Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

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.

Full financials →

What SG Mart's management said in earlier quarters

Others in Metals & Minerals Trading this season

Mangalam World. (Q3 FY25)
Q3 FY25 Revenues from Operations: ₹269.79 Cr, up from ₹181.07 Cr in Q3 FY24 . Key concall takeaways from Mangalam Worldwide Ltd's Q3 FY25 earnings call — and…
Adani Enterp. (Q3 FY25)
ANIL ecosystem’s EBITDA grew 121% in nine months; module sales at a run-rate of 1 GW per quarter (Page 2). Key concall takeaways from Adani Enterprises Ltd's…

Compare:vs Adani Enterp.vs Lloyds Enterpris vs Mangalam World.

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

SG Mart Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were SG Mart Ltd Q3 FY25 results?

FY '25 revenue guidance is around Rs. SG Mart aims to achieve Rs.

What is SG Mart Ltd share price analysis?

SG Mart Ltd currently shows a neutral. The stock trades at a P/E of 71.9 with a market cap of ₹8,942 Cr. Investors should review the full earnings analysis for detailed insights.

Is SG Mart Ltd planning capital expenditure?

Spent around Rs.

Keep SG Mart Ltd on your radar — track it to get its next earnings analysis in your feed.

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.