The document contains the transcript of SG Mart Limited's Q2 FY27 Earnings Conference Call held on October 27, 2026, hosted by Nuvama Wealth Management Limited.
The conference call was scheduled after the earnings announcement to discuss quarterly results and provide a strategic business update. The call began at an unspecified time with management presentations followed by a Q&A session.
Management participants included:
Mr. Rohan Gupta – Executive Director
Mr. Amit Thakur – Executive Director
Mr. Suraj Kumar – Chief Financial Officer
Mr. Archit Arora – Vice President, Service Centre and Distribution Business
Ms. Anamika Gulati – Senior General Manager, Renewable Business
Mr. Anubhav Gupta – Group Chief Strategy Officer (primary speaker)
The company discussed Q2 FY27 financial performance with EBITDA of INR72 crores, representing three consecutive quarters of sustainable performance. The business model has evolved from pure trading to trading plus manufacturing.
Key financial highlights mentioned:
Q2 volume: 206,000 tons (up 16% QoQ) for processing business
Profile business volume: 40,000 tons (up 20% QoQ)
H1 FY27 EBITDA: INR131 crores (up 100% YoY)
Current cash on books: ~INR700 crores
Working capital days: 18 days
H1 FY27 capex: INR250 crores
Forward-looking guidance:
Targeting 50%+ earnings CAGR for next 3-4 years
Expecting EBITDA margins to improve from 4-5% to 6-7% with backward integration
Planning to increase service centers from 8 currently to 25-35 by 2030
Additional capex requirement of ~INR1,500 crores over next 2-3 years
Targeting ROCE of 25-30%
Business segments discussed:
Trading: 1,200 dealers/distributors, 8 operational service centers, online platform development
