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SGMART · Q1 FY27 · earnings call

SGMART

SG Mart reported strong Q1FY27 results with revenue up 14% YoY to Rs13.1Bn, EBITDA up 64% YoY to Rs588Mn, and PAT up 41% YoY to Rs456Mn. The company attributes growth to strategic execution across its diversified product portfolio and sustained demand from infrastructure and industrial end-markets. Management remains confident in their growth trajectory, focusing on operational excellence and efficient capital allocation.

herofinancialssegmentstakeawaysquote

Key financials

Revenue₹1,309 croreQ1FY27
EBITDA₹58.8 croreQ1FY27
PAT₹45.6 croreQ1FY27

Segment commentary

B2B Metal Trading

Revenue increased to Rs978Mn with volume up 17k Tons YoY.

Service Centres (merged)

Revenue decreased QoQ from Rs10,440Mn to Rs10,440Mn.

Guidance & outlook

  • Confident in growth trajectory with focus on disciplined execution and operational excellence.
  • Expecting 50% CAGR over the next three years.

Notable quotes

“Our expanding presence across high-growth product categories and strengthened customer relationships position us well to capitalize on these opportunities while enhancing profitability through a richer product mix and prudent cost management.”— Amit Thakur

Key takeaways

  • Strong financial performance in Q1FY27 driven by revenue and EBITDA growth.
  • Focus on value-added products and operational efficiency key to maintaining momentum.
  • Management's confidence in achieving a 50% CAGR over the next three years suggests strong growth outlook.
  • Risks include global geopolitical factors and input cost volatility, which could impact future performance.

Risks flagged

  • Global geopolitical developments impacting the operating environment.
  • Input cost volatility affecting margins.
Educational analysis only. Not investment advice. Consult a SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/SGMART_20072026144417_Investor_Presentation_and_press_release_20_07_2026.pdf
Full transcript (2,534 words)
July 20, 2026 To, The Listing Department Department of Corporate Services/Listing National Stock Exchange of India Limited BSE Limited Phiroze Jeejeebhoy Tower, “Exchange Plaza” Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai-400051 Mumbai-400001 NSE Symbol : SGMART Scrip Code: 512329 Dear Sir/Madam, Sub: Earnings presentation and Press Release on Unaudited Financial Results for the quarter ended June 30, 2026 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 ended June 30, 2026. 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. F13972 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 Q1FY27 Result Highlights Noida, July 20, 2026 – SG Mart today announced its financial and operational performance for quarter ending June 30, 2026. Q1FY27 Financial performance highlights ➢ Revenue increased by 14% YoY to Rs13.1Bn ➢ EBITDA increased by 64% YoY to Rs588Mn ➢ PAT increased by 41% YoY to Rs456Mn Mr. Amit Thakur, Executive Director, SG Mart, comments on Q1FY27 results “SG Mart delivered a strong performance in Q1FY27, supported by continued execution across its diversified product portfolio and sustained demand from infrastructure and industrial end-markets. While the operating environment remained influenced by global geopolitical developments and input cost volatility, our strategic focus on value-added products, disciplined sourcing, and operational efficiencies enabled us to maintain a healthy business momentum. Our expanding presence across high-growth product categories and strengthened customer relationships position us well to capitalize on these opportunities while enhancing profitability through a richer product mix and prudent cost management. Looking ahead, we remain confident in our growth trajectory and will continue to focus on disciplined execution, operational excellence, and efficient capital allocation. Our diversified business model, combined with an increasing share of value-added offerings, provides a strong foundation for delivering sustainable growth and creating long-term value for all stakeholders.” The key financial metrics for Q1FY27 are given below: Particulars (in Rs Mn) Q1FY27 Q4FY26 Q1FY26 FY26 FY25 Revenue 13,086 18,228 11,438 63,153 58,562 Business EBITDA 588 561 359 1,367 1,031 Other income 97 117 204 691 802 Total EBITDA 685 677 563 2,058 1,833 PAT 456 415 323 1,111 1,034 About SG Mart Limited SG MART is an integrated building & infrastructure materials platform premier (one-stop shop) that provides a wide range of construction-related solutions from top brands under one roof. Its extensive network, with strategically positioned 7 locations at Pune, Bangalore, Dujana, Raipur, Dubai, Indore and Ahmedabad ensure seamless accessibility and efficient distribution of remarkable products to its valued customers. With timely delivery to keep its customer projects on track, expert industry knowledge, and a superior product lineup, the company brings top-notch quality and value to the infrastructure market. All in all, SG Mart aims to establish itself as the trusted and preferred platform for all infrastructural and building material needs in India. 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 2,505 customers. For more information about us, please visit www.sgmart.co.in or contact: Suraj Kumar - Chief Financial Officer SG Mart Ltd Tel: +91 120 691 8000 Email: skumar@sgmart.co.in SG Mart 5 Pillars – India’s Integrated Building & Infrastructure Materials Platform Manufacturing Scalable, efficient and quality-led manufacturing across key categories Brand Partnering with trusted brands to ensure consistent quality and reliability. Service Centers Strategically located centers for warehousing and value-added processing. Distribution Extensive distribution network ensuring wide reach and timely delivery. Online Marketplace One-stop digital marketplace for sourcing building and infrastructure materials. India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 2 Business Verticals & Products Today Vision 2030 Operational 20+ 7 Service Centers 5+ 20+ Target Industries 2,500+ 15,000+ Registered Customers India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 3 Network of Warehouses & Processing Service Center Jammu Dubai Key Highlights 450 km Mandi 423 km No. of customers 2,500+ 730 km Noida served Guwahati Renewables, Infrastructure, Jaipur Patna 780 km Kanpur Target Customer Industrials, Residential & Ahmedabad Ranchi Industry Commercial Construction Indore m Kolkata k Rajkot 0 8 - 10 acre Raipur 1 Avg. area of service 540 km 5 440 km 660 km Bhubaneshwar Center & Mfg Centre Pune 587 km Number of operational service Centers – 7 Visakhapatnam 342 km Hyderabad Belgaum 506 km Target to establish 16 Service Centers across India Bangalore Chennai by 2028 347 km 508 km Coimbatore Manufacturing Centers -3 Land Acquired –3 Land to be acquired -13 Service Centers -7 India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 4 Product Categories Service Centers Solar Structures • Metal Plates • Solar Module Mounting Structures • Embossed Sheets Steel Profiles Accessories • Strut Channels • Self Drilling Screws • Earthing Strips • Z/C Purlins • Welding Rod • Racking Profiles • Clamps • Cable Trays UPCOMING • Puff Panels • Door Frames UPCOMING 5 India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 Product Application Mapping PRODUCT CATEGORIES PRODUCT CATEGORY RENEWABLES INFRASTRUCTURE INDUSTRIES HOUSING COMMERCIAL CONSTRUCTION CONSTRUCTION Service Centers Solar Structures Steel Profiles Accessories India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 6 Launched Products Product Application Market Opportunity Market Size Volume 1 INR 2,500 Cr 0.4 MTPA Strut Channels Residential Roof Top Installation Market Size Volume 2 INR 3,300 Cr 0.5 MTPA Solar Module Mounting Structures Utility Solar Parks Market Size Volume 3 INR 2,800 Cr 0.4 MTPA. Z/C Purlin Roof Structural Framing India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 7 Launched Products Product Application Market Opportunity Market Size Volume 4 INR 1,750 Cr 0.25 MTPA Racking Profiles Racks Market Size Volume 5 INR 2,100 Cr 0.3 MTPA Self Drilling Screws Roofing Market Size Volume 6 INR 3,500 Cr 0.5 MTPA Cable Trays Manage Building Wiring India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 8 Launched Products Product Application Market Opportunity Market Size Volume 7 INR 420 Cr 0.06 MTPA Earthing Strips Electrical Substations Market Size Volume 8 INR 14,000 Cr 2 MTPA Embossed Sheets Industrial Walkaways 9 Market Size Volume INR 35,000 Cr 5 MTPA Metal Plates Fabrication India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 9 Launched Products Product Application Market Opportunity Market Size Volume 10 INR 4,200 Cr 0.11 MTPA Welding Rods Welding India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 10 Upcoming Products Product Application Market Opportunity Market Size Volume 1 INR 200 Cr 0.01 MTPA. Clamps Solar Panel Frame Mounting Market Size Volume 2 INR 4,800 Cr 0.5 MTPA Metal Flooring Decking Sheets Market Size Volume 3 INR 950 Cr 0.075 MTPA. Wire Mesh Concrete Slab Reinforcement India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 11 Upcoming Products Product Application Market Opportunity Market Size Volume 4 INR 3,400 Cr 0.5 MTPA. Binding Wires Bundling Application Market Size Volume 5 INR 2,860 Cr 0.3 MTPA Puff Panels Roofing and Wall Cladding India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 12 Board of Directors Rohan Gupta Amit Thakur CK Singh Arun Agarwal Director Director Director Director Sanjay Gupta Chairman & Managing Director PK Singh Dukhabandhu Rath Neeru Abrol Anil Kumar Bansal Shruti Shrivastava IndependentDirector Independent Director Independent Director Independent Director Independent Director India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 13 Our Leadership Mr. Amit Thakur Mr. Suraj Kumar Mr. Archit Arora Ms. Anamika Gulati Director - Procurement Chief Financial Officer VP - Sales & Marketing Senior GM - Sales & Marketing Leader - Service Centre & Leader – Solar Structures Distribution Business India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 14 Yealy Financial Performance - Segment Wise Financial Year FY24 FY25 FY26 Revenue Volume Revenue Volume Revenue Volume Business Vertical (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) B2B Metal Trading 17,550 322 32,107 632 19,560 411 Network of Service centres1 Yet to start 20,016 386 32,144 637 Service Centres (merged) 17,550 322 52,123 1,018 51,704 1,048 Solar Structures Yet to start 3,065 40 Steel Profiles Yet to start 455 7 Others 9,279 - 6,439 - 7,930 - Total 26,829 322 58,562 1,018 1,095 63,153 Total EBITDA (Rs. Mn) 618 1,031 1,367 EBITDA margin 2.3% 1.8% 2.2% 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 Note 1: From the next quarter onwards, B2B Metal Trading and Network of Service Centres will be reported under a single Service Centres (merged) segment. Note 2: Renewables has been renamed as Solar Structures and Light Open Sections has been renamed as Steel Profiles India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 15 Quarterly Financial Performance - Segment Wise Financial Year Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume Business Vertical (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) (Rs. Mn) (k Tons) B2B Metal Trading 8,212 154 3,274 70 5,434 111 5,466 126 5,386 103 978 17 Network of Service centres1 6,309 128 6,119 121 8,157 163 7,797 164 10,071 189 9,462 160 Service Centres (merged) 14,521 282 9,393 191 13,591 274 13,263 290 15,457 292 10,440 177 Solar Structures Yet to start 67 1 611 8 1,370 17 1,016 14 823 11 Steel Profiles 455 7 1,414 18 Others 1,429 - 1,978 - 2,840 - 1,811 - 1,300 - 409 8 Total 15,950 282 11,438 192 17,042 282 16,444 307 18,228 313 13,086 214 Total EBITDA (Rs. Mn) 388 359 280 167 561 588 EBITDA margin 2.4% 3.1% 1.6% 1.0% 3.1% 4.5% 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 Note 1: From the next quarter onwards, B2B Metal Trading and Network of Service Centreswill be reported under a single Service Centres(merged) segment. Note 2: Renewables has been renamed as Solar Structures and Light Open Sections has been renamed as Steel Profiles India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 16 At a Glance – Q1FY27 Rs.13.1Bn Rs.588 Mn 4.5% Rs.456 Mn 3.5% Rs.496 Mn Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit 14%YoYincrease 64%YoYincrease 135 bpsYoYincrease 41%YoYincrease 66 bps YoY increase 46% YoYincrease 28% QoQ decrease 5% QoQ increase 141 bpsQoQincrease 10% QoQ increase 121 bps QoQ increase 10% QoQ increase 27 days 23% 11% Rs. 6.9Bn 2,505 *Net WC days *ROCE *ROE Net cash as on 30 June’26 Registered Customers FY26 was 20 days FY26 was 15% FY26 was 8% by end of Q1FY27 Note 1:Other income has not been considered for the purpose of EBIT calculation Note 2: CapitalemployedisaverageofTotalassetsminuscurrentliabilityminussurpluscash,asattheendofFY26andQ1FY27 Note 3: Net Working Capital has been calculated as Total Current Assets - Total Current Liabilities Note 4: Net working capital days, ROCE and ROE has been annualized for FY27 on the basis of Q1FY27 India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 17 Growing strength-to-strength Revenue (INR Mn) EBITDA (INR Mn) 18,228 17,042 588 16,444 561 13,086 11,438 359 280 167 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 PAT (INR Mn) No of registered customers 456 415 2,505 2,470 323 265 2,340 2,328 2,312 107 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Previous quarters Q1FY27 India’sIntegrated Building & Infrastructure Materials Platform Investor presentation | July 2026 16 Growing strength-to-strength (Continued) Operating Cash Flow (INR Bn) Net cash (INR Bn) 3.0 7.5 6.9 0.3 4.6 (2.9) FY25 FY26 Q1FY27 FY25 FY26 Q1FY27 NWC Days ROCE (%) 23 22 30 27 15 20 FY25 FY26 Q1FY27 FY25 FY26 Q1FY27 FY25& FY26 Q1FY27 India’sIntegrated Building & Infrastructure Materials Platform Investorpresentation | July 2026 19 Profit & Loss Statement Particulars (Rs. Mn)% Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25 Net Revenue 13,086 18,228 16,444 17,042 11,438 63,153 58,562 Raw Material Costs 12,205 17,379 16,062 16,533 10,887 60,861 56,835 Employee Costs 83 79 84 81 67 312 175 Other expenses 210 209 131 148 124 612 520 Business EBITDA 588 561 167 280 359 1,367 1,031 Business EBITDA Margin % 4.49% 3.10% 1.00% 1.60% 3.10% 2.20% 1.80% Other Income 97 117 179 190 204 691 802 Interest Cost 62 102 174 115 120 511 439 Depreciation 41 37 37 23 17 115 21 Tax 126 124 28 66 103 321 339 Net Profit 456 415 107 265 323 1,111 1,034 Net Profit Margin % 3.48% 2.30% 0.70% 1.60% 2.80% 1.80% 1.80% Operational metrics Q1FY27 Q4FY26 Q3FY26 Q2FY26 Q1FY26 FY26 FY25 *NWC (days) 27 20 27 22 15 20 30 *ROCE 23% 15% 12% 16% 21% 15% 22% *ROE 11% 8% 7% 9% 10% 8% 9% Note1: Net working capital days, ROCE and ROE has been annualized for FY27 on the basis ofQ1FY27 Note 2: OtherincomehasnotbeenconsideredforthepurposeofEBITcalculation Note 3: CapitalemployedisaverageofTotalassetsminuscurrentliabilityminussurpluscash,asattheendofFY26andQ1FY27 Note 4: NWChasbeencalculatedasTotalCurrentAssets-TotalCurrentLiabilities India’sIntegrated Building & Infrastructure Materials Platform Investorpresentation | July 2026 20 Balance Sheet & Cash flow for Q1FY27 (Provisional) Balance Sheet - Assets (Rs. Mn) Q1FY27 FY26 Cashflow Statement (Rs. Mn) Q1FY27 FY26 Cash & Bank Balance 7,948 9,841 EBITDA 588 1,367 Receivables 1,864 2,646 Change in Accounts receivables 782 522 Inventories 2,090 2,836 Change in Inventory 746 (301) Other current assets 2,111 1,887 Other WC changes (1,784) 1,038 Fixed assets (net) 6,130 5,274 Tax (126) (321) Other assets 21 11 Other Income 97 691 Total Assets 20,166 22,496 Operating cash flow 302 2,995 Capex (896) (2,342) Investments - - Interest (62) (511) Balance Sheet - Liabilities (Rs. Mn) Q1FY27 FY26 Free cash flow (657) 142 Trade payables 1,643 3,650 Dividend payments - - Other current liabilities 621 174 Capital increase 10 2,773 Debt 1,075 2,314 Others (6) 55 Others 396 393 Net change in cash flow (653) 2,970 Shareholders' funds 16,431 15,965 Net cash beginning 7,527 4,558 Total Equity & Liabilities 20,166 22,496 Net cash end 6,874 7,527 CapitaladvancesclassifiedasOtherAssetsinBalancesheetandconsideredasCapexinCashFlowStatement India’sIntegrated Building & Infrastructure Materials Platform Investorpresentation | July 2026 21 Cash Flow Bridge (Rs. Mn) 302 7,527 10 6,874 (896) (68) Net Cash in FY26 Operating Cash Flow Capex Increase in Capital Others Net Cash in Q1FY27 India’sIntegrated Building & Infrastructure Materials Platform Investorpresentation | July 2026 22 THANK YOU For further information, please contact: Suraj Kumar - Chief FinancialOfficer T:0120-6918000 E: skumar@sgmart.co.in