Q2 2026 SG Mart Ltd Earnings Call Transcript

Oct 31, 2025 / 07:30 AM GMT

Release Date Price: ₹346.8 (-3.34%)

Transcript

Key Points

Positve

SG Mart Ltd (BOM:512329) achieved a 50% increase in revenue on a quarter-on-quarter basis, reaching over 1,700 crore.
The B2B metal trading segment saw a 50% revenue increase, contributing 30% to the total revenue.
The service center business is performing well, contributing 50% to the company's second-quarter revenue.
The renewable structures business, although new, has a strong order book of 260 crore, providing visibility for the next 2-3 quarters.
The company maintains a working capital cycle of 22 days, with a target return on capital employed (ROCE) of 20-25%.

Negative

The company faced challenges due to heavy monsoons and global trade uncertainty, impacting steel prices and causing volatility.
Margins were negatively affected by a 3,000 per ton decline in steel prices, leading to inventory losses.
SG Mart Ltd (BOM:512329) decided to book all branding expenses in Q2, impacting profitability.
The profiling business incurred upfront fixed costs for marketing and manufacturing, affecting overall margins.
The company acknowledged that achieving the initial EBITDA target of 200 crore for FY26 is now difficult.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SGMA.NS - SG Mart Ltd
Q2 2026 SG Mart Ltd Earnings Call
Oct 31, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Q2 FY26 earnings conference call of SD Mart Limited, hosted by Systematics Institutional equities.

As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on a touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Ms. Anshika Patnayak from Systematics Institutional Equities.

Thank you and over to you, ma'am.

Thank you so much.

On behalf of systematic Institutional equity, we welcome you all to

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