SGMARTNSE30 October 2025

SG Mart Limited has informed the Exchange about Investor Presentation

SG Mart Limited

October 30, 2025

To, The Listing Department National Stock Exchange of India Limited “Exchange Plaza” Bandra-Kurla Complex, Bandra (E), Mumbai-400051

Department of Corporate Services/Listing BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai-400001

NSE Symbol : SGMART

Scrip Code: 512329

Dear Sir/Madam,

Sub: Earnings presentation and Press Release on Unaudited Financial Results for the quarter and half year ended September 30, 2025

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III to the said regulations, please find attached Earnings Presentation and Press Release respectively made by the Company on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2025.

This disclosure along with the enclosures shall be made available on the website of the Company viz. www.sgmart.co.in.

Thanking you Yours faithfully For SG Mart Limited

Sachin Kumar Company Secretary & Compliance Officer M. No. A61525 Place: Noida

Encl: a/a

SG MART LIMITED (formerly known as Kintech Renewables Limited) Registered Office: H. No. 37, Ground Floor, Hargovind Enclave, Vikas Marg, Delhi-110092 Corporate Office: A-127, Sector-136, Noida, Gautam Buddha Nagar, Uttar Pradesh-201305

Tel: 011-44457164 | Email: compliance@sgmart.co.in Website: www. sgmart.co.in | CIN: L46102DL1985PLC426661

A B2B marketplace for construction materials INVESTOR PRESENTATION | OCTOBER 2025

India is on the rise

THE INDIAN ECONOMY IS MARCHING TOWARDS THE US$10 TRILLION MARK

INDIA’S MANUFACTURING SECTOR – POISED FOR EXPLOSIVE GROWTH

INDIA’S ECONOMY (US$ Tn)

SHARE OF INDUSTRY IN GDP

4.18

FY25

FY32

17%

FY25

31%

FY35

India to add $1Tn to its GDP every 18 months over the next six years

o Strong manufacturing growth, export potential, and supportive

India's industry sector expected to take 30% to 32% share in the GDP by 2035

This would open up a $3Tn opportunity, driven by manufacturing

government policies to be key drivers

o MSMEs to play a crucial role in achieving a $10Tn economy by 2032

A B2B marketplace for construction materials

Investor presentation | October 2025

The dichotomy

STEEL PRODUCTION WILL RISE

THE MARKET PLACE IS NOT KEEPING PACE

STEEL (Mn Tons)

Indian B2B Market is $2Tn, growing 8.5%YoY

o However, the Market Place is fragmented

o Organised players represent a very small share of this large market

250

This is unlike the Industrialized nations where B2B trade is spearheaded by large trading hubs like:

152

FY25

FY30 Forecast

India’s steel production expected to increase rapidly as the nation aims to become self sufficient

MARUBENI | SUMITOMO | MITSUBISHI | JFE SHOJI | ITOCHU

MSME IS LARGE AND SET TO GROW

NEED OF THE HOUR

o MSMEs contribute 29% to 32% of India's GDP

o Critical need to have large trading hubs to service the burgeoning MSME

o MSME sector expected to contribute about 50% to India’s GDP by 2030

segment

A B2B marketplace for construction materials

Investor presentation | October 2025

SG Mart – an emerging trading hub

o Operates and manages a one-of-a-kind building products market platform specializing in steel & construction materials

o Acts as a bridge between Construction / Automotive equipment / White Goods / Farm equipment players / Solar EPCs / Fabrication

companies etc. and reputed brands

o Started with our strength - Steel products

o Aim to cover the entire value spectrum within the construction material space in the coming years

PHASE I – Focusing on Steel

PHASE II - Diversification

B2B Metal Trading

Network of Service Centres

Distribution business

Renewables (Steel Structures)

Building material

Renewables sector (other than Steel Structures)

A B2B marketplace for construction materials

Investor presentation | October 2025

SG Mart - B2B marketplace

SG Mart –B2B Marketplace

Steel Construction and other Building Materials

Manufacturers

Warehouse

Dealers/ Traders/Wholesalers/ Contractors/Developers

Provides a platform to manufacturers across the country for construction material products

Delivering products of highest quality

Caters to traders, contractors, developers, retailers, wholesalers etc.

No minimum purchase requirement

A B2B marketplace for construction materials

Investor presentation | October 2025

SG Mart – solutions to challenges faced by the industry

Industry issues

Our value proposition

Fragmented supplier base

1. One stop solution for all construction needs

Limited vertical integration between different stages of material transformation and its final usage

3. Difficulty in buying good quality steel due to

minimum purchase requirement

Long lead time for delivery to distributors

5. No standardized prices

Serving both upstream and downstream segments of the value chain

Solves the problem of minimum purchase requirement

Improved demand and reach

Standardized quality & prices

A B2B marketplace for construction materials

Investor presentation | October 2025

SG Mart - Business Verticals & Products

Network of service centres

Cut to Length Sheets

Chequered Sheets Slitted Sheets

Stock & Sell

B2B Metal Trading

Hot Rolled Coils Steel Billets

Zinc Ingots

7 operational service centres

6,000+ SKUS

2,328

402

registered customers registered vendors

SG Mart Market Platform

Renewable Structures

Solar Module Mounting Structures (Operations started from April 2025)

Downstream Distribution Products

TMT

Light Structurals

Miscellaneous

A B2B marketplace for construction materials

Investor presentation | October 2025

Industry Gaps & Our Right to Win

B2B Metal Trading

Gap  No large distributors currently associated

Right to Win  Group’s strong relationships with steel

with metal producers

producers

Network of Service Centres

Gap  No organized steel processing centers

 No steel processing centers in Tier II & Tier

III cities

Right to Win  Availability of funds to open a vast network of organized service centers PAN India

 Ability to source raw steel from steel mills

 Difficult for metal producers to push sales

 SG Mart’s trading capacity is 20 times more

with rising production capacities

than current largest steel trader

 Steel end-users pay 2%-3% freight cost to procure processed steel from metro cities

 Group’s lengthy experience in steel

downstream sector

Downstream Distribution Products

Renewable Structures

Gap  No B2B platform to connect fragmented

Right to Win  Strong distribution presence for the group in

demand and fragmented supply

steel downstream products

Gap  Limited organized players  Strength to purchase raw material in bulk at

Right to Win  Leveraging Group’s existing relationships

with EPC contractors, IPPs

 Multiple SME manufacturers in the market,

mostly unorganized / informal

 Demand visibility worth Rs. 4Tn from group distributors who deal in steel downstream products

competitive price

 Ability to source raw material from steel

mills

 Using existing infrastructure (land and shed)

to set up solar profiling machines

A B2B marketplace for construction materials

Investor presentation | October 2025

Our Leadership

Mr. Amit Thakur Executive Director, Leader - B2B Metal Trading

Mr. Suraj Kumar Chief Financial Officer

Ms. Anamika Gulati Senior GM - Sales & Marketing Leader - Renewable Structures

Mr. Archit Arora VP - Sales & Marketing Leader - Service Center & Distribution Business

Mr. Shailendra Arora AVP- Sales & Marketing, Leader - TMT

A B2B marketplace for construction materials

Investor presentation | October 2025

Financial Performance - Segment Wise

Financial Year

FY24

FY25

Q4FY25

Q1FY26

Q2FY26

Business Vertical

B2B Metal Trading

Network of Service centres1

Distribution products

Renewable Structures

TMT2

Total

Total EBITDA (Rs. Mn)

EBITDA margin

Revenue

Volume

Revenue

Volume

Revenue

Volume

Revenue

Volume

Revenue

Volume

(Rs. Mn)

(k Tons)

(Rs. Mn)

(k Tons)

(Rs. Mn)

(k Tons)

(Rs. Mn)

(k Tons)

(Rs. Mn)

(k Tons)

17,550

322

32,107

8,587

692

20,016

3,801

632

386

8,212

6,309

1,289

Yet to start

2,638

140

154

128

3,274

6,119

1,958

121

5,434

8,157

2,825

611

111

163

26,829

322

58,562

1,018

15,950

282

11,438

192

17,042

282

618

2.3%

1,031

1.8%

388

2.4%

359

3.1%

280

1.6%

Business Growth visibility – 50% CAGR in next 3 years

1Number of operational service centers – 7 The company has taken two service centres, located in Ahmedabad and Indore, on lease. These operations will subsequently be shifted to company-owned facilities upon their establishment

2The company shifted to royalty-based model in Q4FY25. Revenue figures for Q1FY26 and Q2FY26 comprise only the royalty incomes on TMT

A B2B marketplace for construction materials

Investor presentation | October 2025

B2B Metal Trading

Primary metal producers

SG Mart

SG Mart B2B customers

Bulk buying Bulk selling

JSW Steel

Distributors/Dealers/Stockists

Jindal Steel & Power Ltd

NMDC Steel

SAIL

Third party service centres

Hindustan Zinc Ltd

Other End Users of Steel*

Key Highlights

Market Opportunity (Annual)

 Flat Steel (Addressable Market)

25Mn Tons (Rs. 1.25Tn)

 Steel Billets

 Zinc Ingots

2. FY25 Volume

3. Q2FY26 Volume

4. Target EBITDA

5. No. of customers served

10Mn Tons (Rs. 400Bn)

10,000 Tons (Rs. 2.4Bn)

632k Tons

111k Tons

2%-3%

*This would include various user industries such as steel pipe producers, PEB, Yellow Goods etc.

A B2B marketplace for construction materials

Investor presentation | October 2025

Network of Service Centres

Dubai

Dujana

Jaipur

Kanpur

Patna

Siliguri

Ahmedabad

Indore

Raipur

Bhubaneshwar

Pune

Hyderabad

Bangalore

Chennai

Operational service centres

Upcoming service centres in next 2 years

Key Highlights

Market Opportunity (Annual)

 Stock & Sell

 Sheet Processing

Monthly capacity per service centre

 Metro cities

 Non-metro cities

3. FY25 Volume

4. Q2FY26 Volume

5. Target EBITDA

6. Target Customer Industry

7Mn Tons (Rs. 364Bn)

6Mn Tons (Rs. 312Bn)

8,000 Tons

5,000 Tons

386k Tons

163K Tons

4%-5%

White goods, Auto components, Construction equipment, Farm equipment, Fabrication & PEB companies

7. No. of customers served

300

Avg. area of service centres

 Metro cities

 Non-metro cities

250,000 sq. ft.

150,000 sq. ft.

9. Number of operational service centres – 7*

10. Target to add 5-7 service centres each year

11. Business opportunity in UAE is immense in hindsight of ongoing global trade war

*Includes two service centres, located in Ahmedabad and Indore, taken on lease. These operations will subsequently be shifted to company-owned facilities upon their establishment

A B2B marketplace for construction materials

Investor presentation | O c t o b e r 2025

Network of Service Centres (Continued)

CTL Machine at Dubai

CTL Machine at Raipur

Embossing Machine at Dujana

A B2B marketplace for construction materials

Investor presentation | October 2025

Network of Service Centres (Continued)

Current Monthly capacity (Tons)

Capacities

Ghaziabad - North

Bangalore - South

Pune - West

Cut-To-Length 6,500

Chequered

2,500

Slitting

3,000

Solar

Total

15,000

27,000

10,000

2,500

6,000

2,500

3,000

Raipur - Central

12,000

2,000

Dubai - UAE

6,000

Rented – Indore

3,000

Rented – Ahmedabad

6,000

Total

49,500

9,500

6,000

15,000

80,000

12,500

11,500

14,000

6,000

3,000

6,000

*The company has taken two service centres, located in Ahmedabad and Indore, on lease. These operations will subsequently be shifted to company-owned facilities upon their establishment

Note: This does not include Stock & Sell Volumes

A B2B marketplace for construction materials

Investor presentation | October 2025

Downstream Distribution Products

Bar

MS Angle

Key Highlights

Distribution Products

Channel

1 Market Opportunity - Annual

Light Structurals -800k Tons (Rs. 40Bn)

FY25 Revenue

Q2FY26 Revenue

Target EBITDA

Target Customer Industry

No. of customers served

Rs. 3,801Mn

Rs 2,825Mn

2.0% - 2.5%

Construction sector

250

A B2B marketplace for construction materials

Investor presentation | October 2025

Renewable Structures

Dujana

Ahmedabad

Pune

Bangalore

Operational locations

Upcoming locations

Raipur

Key Highlights

1. Market Opportunity (India) - Annual

800k Tons (Rs. 52Bn)

2. Export Potential - Annual

100k Tons (Rs. 6.5Bn)

3. Targeted Monthly capacity by H2FY26

15,000 Tons

4. Latest Order book

5. Target EBITDA

Rs. 260 Cr

2%-4%

6. Target Customer Industry

Solar EPCs / IPPs

Installation of machines at existing service centres - No additional capex required for land and shed

The company is leveraging group’s existing relationships with IPPs & EPC contractors

A B2B marketplace for construction materials

Investor presentation | October 2025

Renewable Structures (Continued)

Raw steel is processed to manufacture ground mounting structures

Solar profiling machine at Dujana

Raw Material

Ground-mounted solar modules supported by structures

A B2B marketplace for construction materials

Investor presentation | October 2025

At a Glance – Q2FY26

Rs.17.0Bn

Rs.280 Mn

1.6%

Rs.265 Mn

1.6%

Rs.289 Mn

Revenue 5% YoY decrease 49% QoQ increase

Business EBITDA 87% YoY increase 22% QoQ decrease

Business EBITDA Margin 81 bps YoY increase 150 bps QoQ decrease

Net Profit 66% YoY increase 18% QoQ decrease

Net Profit Margin 67 bps YoY increase 127 bps QoQ decrease

Cash profit 78% YoY increase 15% QoQ decrease

22 days

16%

Rs. 8.5Bn

2,328

402

*Net WC days FY25 was 30 days

*ROCE FY25 was 22%

*ROE FY25 was 9%

Net cash as on 30 Sept 25

Registered Customers

by end of Q2FY26

Registered Suppliers by end of Q2FY26

*ROCE and ROE have been annualized basis H1FY26 numbers. Other income has not been considered for the purpose of EBIT calculation *Capital employed is average of Total assets minus current liability minus surplus cash, as at the end of FY25 and 30 Sept 2025 *Net Working Capital has been calculated as Total Current Assets - Total Current Liabilities

A B2B marketplace for construction materials

Investor presentation | October 2025

At a Glance – H1FY26

Rs.28.5Bn

Rs.639 Mn

2.2%

Rs.588 Mn

2.1%

Rs.629 Mn

Revenue 3% YoY decrease

Business EBITDA 61% YoY increase

Business EBITDA Margin 89 bps YoY increase

Net Profit 39% YoY increase

Net Profit Margin 62 bps YoY increase

Cash profit 47% YoY increase

22 days

16%

Rs. 8.5Bn

2,328

402

*Net WC days FY25 was 30 days

*ROCE FY25 was 22%

*ROE FY25 was 9%

Net cash as on 30 Sept 25

Registered Customers

by end of Q2FY26

Registered Suppliers by end of Q2FY26

A B2B marketplace for construction materials

Investor presentation | October 2025

Growing strength-to-strength

*Revenue (Rs. Mn)

^Business EBITDA (Rs. Mn)

17,928

15,950

13,347

11,438

17,042

388

359

279

280

149

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

PAT (Rs. Mn)

No. of registered customers

No. of registered suppliers

331

323

280

265

159

1,270

2,126

2,257

2,312

2,328

402

223

225

246

145

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Previous quarters

H1FY26

*Q2FY25 and Q3FY25 revenue figures haven been adjusted on account of netting of TMT sales and cost of purchases from one of the suppliers ^ In compliance with the accounting standards, the forex gains of Rs. 18 Mn in Q4FY25 and Rs. 62 Mn in Q3FY25 have been classified as Other Income. However, for the purposes of this presentation, the same have been factored in while calculating Business EBITDA

A B2B marketplace for construction materials

Investor presentation | October 2025

Growing strength-to-strength (Continued)

Operating Cash Flow (Rs. Bn)

2.2

0.3

FY24

(2.9)

FY25

H1FY26

ROCE (%)

FY24

FY25

H1FY26

FY24 & FY25 H1FY26

Net Cash (Rs. Bn)

9.4

8.5

4.6

FY24

FY25

H1FY26

NWC days

FY24

FY25

H1FY26

A B2B marketplace for construction materials

Investor presentation | October 2025

Profit & Loss Statement

Particulars (Rs. Mn)%

Net Revenue

Raw Material Costs

Employee Costs

Other expenses

Business EBITDA

Business EBITDA Margin %

Other Income

Interest Cost

Depreciation

Tax

Net Profit

Net Profit Margin %

Q2FY25

#17,928

17,621

116

149

0.8%

197

128

159

0.9%

Q3FY25

Q4FY25

Q1FY26

Q2FY26

H1FY26

H1FY25

#13,347

12,955

15,950

15,341

11,438

10,887

17,042

16,533

^279

2.1%

197

280

2.1%

167

^388

2.4%

180

136

331

2.1%

124

359

3.1%

204

120

103

323

2.8%

148

280

1.6%

190

115

265

1.6%

28,480

27,420

148

272

639

2.2%

395

236

169

588

#29,264

28,540

252

396

1.4%

391

205

155

422

2.1%

1.4%

Operational metrics

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

H1FY26

H1FY25

*NWC (days)

*ROCE

*ROE

(8)

76%

32%

22%

21%

10%

16%

(8)

76%

FY25

58,562

56,835

175

520

1,031

1.8%

802

439

339

1,034

1.8%

FY25

22%

#Q2FY25, Q3FY25 and H1FY25 revenue figures haven been adjusted on account of netting of TMT sales and cost of purchases from one of the suppliers ^ In compliance with the accounting standards, the forex gains of Rs. 18 Mn in Q4FY25 and Rs. 62 Mn in Q3FY25 have been classified as Other Income. However, for the purposes of this presentation, the same have been factored in while calculating Business EBITDA *ROCE and ROE for respective quarters have been presented on annualized basis *Other income has not been considered for the purpose of EBIT calculation *Capital employed is average of Total assets minus current liability minus surplus cash, as at the end of FY25 and 30 June 2025 *NWC has been calculated as Total Current Assets -Total Current Liabilities

A B2B marketplace for construction materials

Investor presentation | October 2025

Balance Sheet & Cash flow – H1FY26

Balance Sheet - Assets (Rs. Mn)

Cash & Bank Balance

Receivables

Inventories

Other current assets

Fixed assets (net)

Other assets

Total Assets

H1FY26

10,840

3,322

4,137

2,748

3,683

24,742

Balance Sheet - Liabilities (Rs. Mn)

H1FY26

Trade payables

Other current liabilities

Debt

Others

Shareholders' funds

Total Equity & Liabilities

6,091

691

2,325

358

15,277

24,742

FY25

11,448

3,167

2,535

2.781

3,047

22,985

FY25

3,292

389

6,890

332

12,081

22,985

Cashflow Statement (Rs. Mn)

H1FY26

EBITDA

Change in Accounts receivables

Change in Inventory

Other WC changes

Tax

Other Income

Operating cash flow

Capex

Investments

Interest

Free cash flow

Dividend payments

Capital increase

Others

Net change in cash flow

Net cash beginning

Net cash end

639

(155)

(1,602)

3,135

(169)

395

2,242

(677)

(236)

1,330

2,607

3,958

4,558

8,516

FY25

1,031

-2,304

-1,823

-292

-339

802

-2,924

-2,021

-439

-5,384

177

321

-4,886

9,444

4,558

Capital advances classified as Other Assets in Balance sheet and considered as Capex in Cash Flow Statement

A B2B marketplace for construction materials

Investor presentation | October 2025

Cash Flow Bridge (Rs. Mn)

Note 1: Increase in capital is due to conversion of warrants

A B2B marketplace for construction materials

Investor presentation | October 2025

THANK YOU

For further information, please contact: Suraj Kumar - Chief Financial Officer Naman Rastogi – GM Strategy SG Mart Limited

T: +91 9205909028 E: namanrastogi@sgmart.co.in

Q2FY26 Result Highlights

SG Mart Ltd. announces Q2FY26 Results

Noida, October 30, 2025 – SG Mart, a rapidly growing B2B construction materials marketplace, today announced its financial and operational performance for quarter ending September 30, 2025.

The company reported a net revenue Rs. 17.0 billion, (reflecting a decrease of 5% YoY, increase of 49% QoQ) and a PAT of RS. 265 Mn (reflecting an increase of 66% YoY, decrease of 18% QoQ).

SG Mart offers a wide range of products, encompassing more than 49 product categories, and more than 6,000 SKUs. These categories include construction steel products like TMT Rebars, HR Sheet, Welding rod, Binding wire, mesh net, tapping screw and barbed wire, among others. Additionally, in response to the increasing demand, the Company has introduced tiles, cement, bath fittings, laminates and paints. The company also forayed into renewables sector by launching the supply of solar mounting structures during the first quarter of FY26.

SG Mart’s customer base spans top tier EPC companies, real estate developers, OEMs, Independent Power Producers, traders, dealers and retailers. With successful deliveries to multiple cities spread across India, the Company has established a robust distribution network, facilitating seamless operations, and ensuring pan-India reach. The company is proud to be associated with more than 2,328 customers and 402 vendors.

Mr. Amit Thakur, Executive Director, SG Mart, comments on Q2FY26 results

“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.”

The key financial metrics for Q2FY26 and H1FY26 are given below:

Particulars (in Rs Mn)

Revenue Business EBITDA Other income Total EBITDA PAT

Notes:

Q2FY26 17,042 280 190 470 265

Q1FY26 11,438 359 204 563 323

Q2FY25 17,928 149 197 346 159

H1FY26 28,480 639 395 1,033 588

H1FY25 29,264 396 391 788 422

1. Q2FY25 and H1FY25 revenue figures have been adjusted on account of netting of TMT

sales and cost of purchases from one of the suppliers

← All Transcripts SGMART Stock Page →

SG Mart Limited has informed the Exchange about Investor Presentation

Market Movers