SG MART LIMITEDEBITDA ₹72 Cr again, H1 up 100%, service centres expanding

SG Mart's Q2 FY27 call, held on 27 October 2026, said EBITDA was about ₹72 crore for the third straight quarter, taking first-half EBITDA to ₹131 crore, up 100% on the year, against a FY27 target of ₹300 crore that needs about ₹80 crore a quarter in the second half.

Service-centre processing volume rose 16% on Q1 to 206,000 tons and profile volume rose 20% to 40,000 tons. Eight service centres are operating, with 25-plus targeted by 2030 and possibly 30 to 35. Blended EBITDA margin is 4% to 5%, and management expects 6% to 7% once a coated-steel plant at Raipur starts in 9 to 12 months. The company spent ₹250 crore of capex in the half, holds about ₹700 crore of cash, keeps inventory at 14 to 15 days and expects to fund about ₹1,500 crore of further capex internally.

It cited steel price spikes, higher freight and weak sentiment as pressures it does not expect to derail growth, and is evaluating contract manufacturing and an online sales channel.