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SG Mart Ltd

Q3 FY26Metals & Minerals Trading

SG Mart Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 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'27 sales volumes are expected to grow significantly, with renewable solar structures projected to reach 180,000 tons annually (around 15,000 tons/month), up from ~17,000 tons in Q3 FY'26. - Expansion of service centers from 5 operational to 20+ by FY'27, targeting around 750,000 tons annual volume, generating Rs. SG Mart targets Rs.

From SG Mart Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • FY'27 sales volumes are expected to grow significantly, with renewable solar structures projected to reach 180,000 tons annually (around 15,000 tons/month), up from ~17,000 tons in Q3 FY'26.
  • Expansion of service centers from 5 operational to 20+ by FY'27, targeting around 750,000 tons annual volume, generating Rs. 150 crore EBITDA.
  • Dubai service center expected to generate Rs. 50 crore EBITDA annually with 15,000 tons/month volume.
  • B2B metal trading expected to maintain a conservative volume of 500,000 tons annually with an EBITDA contribution of Rs. 50 crores.

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Profitability & Margins

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Capital Expenditure Plans

  • SG Mart is aggressively expanding its service center network, with 20 locations in India plus one in Dubai being pursued. Four are operational, five under construction, and others like Chennai, Hyderabad, Coimbatore, Hubli, Kanpur, Ranchi, Vizag, Patna, Siliguri, Guwahati, and Bhubaneswar are in land acquisition stages (Page 7).
  • The Jaipur service center launch was delayed due to rains but is expected to start operations by mid-March (Page 7).
  • The company plans to purchase machinery for 10 new service centers in one go to secure better pricing, implying significant upcoming capital expenditure (Page 12).

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Fundraising & Capital Structure

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Order Book & Pipeline

  • Current order book for renewable structure business is over Rs. 300 crores.
  • This order book covers around 25,000 tons expected for Q4.
  • Expectation is that the order book will increase from Rs. 300 crores to above Rs. 400 crores by early February due to incoming orders and pipeline.
  • Orders pending are influenced by steel price adjustments causing some delays, with clarity and order booking expected to pick up after February.

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.

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Frequently Asked Questions

What were SG Mart Ltd Q3 FY26 results?

FY'27 sales volumes are expected to grow significantly, with renewable solar structures projected to reach 180,000 tons annually (around 15,000 tons/month), up from ~17,000 tons in Q3 FY'26. - Expansion of service centers from 5 operational to 20+ by FY'27, targeting around 750,000 tons annual volume, generating Rs. SG Mart targets 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?

SG Mart is aggressively expanding its service center network, with 20 locations in India plus one in Dubai being pursued.

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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.