SG Mart Limited Earnings Summary — Q1 FY2027
SG Mart Expands Board with APL Apollo Leadership and Announces Strategic Land Acquisition
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 28.2% sequentially in Q1 FY2027.
- Revenue of ₹1,309 Cr is 14.4% higher year-on-year.
- Revenue has compounded at 1.1% annualised over the last 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹46 Cr is 41.1% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 14.6% annualised across the period.
- Operating margin stands at 4.5% in Q1 FY2027.
- Operating margin expanded by 135 bps year-on-year.
- Over the last two years operating margin has expanded by 231 bps.
- PBT margin is 4.5%.
- Expense growth of 12.8% remained below revenue growth of 14.4%.
- Operating profit of ₹59 Cr is 63.7% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 62/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,309 | 1,823 | 1,644 | 1,704 | 1,144 | 1,595 | 1,335 | 1,793 | 1,134 | 1,278 |
| Expenses | Improving | 1,250 | 1,767 | 1,628 | 1,676 | 1,108 | 1,558 | 1,313 | 1,778 | 1,109 | 1,246 |
| Operating Profit | Volatile | 59 | 56 | 17 | 28 | 36 | 37 | 22 | 15 | 25 | 32 |
| Operating Margin | Volatile | 4.5% | 3.1% | 1.0% | 1.6% | 3.1% | 2.3% | 1.6% | 0.8% | 2.2% | 2.5% |
| Other Income | Softening | 10 | 12 | 18 | 19 | 20 | 20 | 26 | 20 | 19 | 21 |
| Interest | Improving | 6 | 10 | 17 | 12 | 12 | 14 | 10 | 13 | 8 | 8 |
| Depreciation | Strong Uptrend | 4 | 4 | 4 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| Profit Before Tax | Volatile | 58 | 54 | 14 | 33 | 43 | 42 | 37 | 22 | 36 | 44 |
| Tax | Volatile | 13 | 12 | 3 | 7 | 10 | 9 | 9 | 6 | 10 | 11 |
| Net Profit | Volatile | 46 | 41 | 11 | 27 | 32 | 33 | 28 | 16 | 26 | 34 |
| Net Margin | Volatile | 3.5% | 2.3% | 0.7% | 1.6% | 2.8% | 2.1% | 2.1% | 0.9% | 2.3% | 2.6% |
Key Takeaways
- Revenue witnessed a sequential decline of 28.18% to ₹1,308.57 crore as the company normalizes its explosive growth phase.
- The board approved the high-profile appointment of Shri Sanjay Gupta (APL Apollo Group Promoter) as Chairman & Managing Director.
- Announced the 100% acquisition of Tanwar Cargo Solutions for ₹85 crore to secure 9.956 acres of land in Haryana for logisitic infrastructure.
- Operational efficiency improved significantly with margins rising to 4.15% compared to 2.81% in the prior quarter despite lower volumes.
- Cost of materials and stock-in-trade purchases combined accounted for nearly 88% of total expenses, reflecting the trading-heavy business model.
- Consolidated net profit of ₹45.58 crore remains supported by other income of ₹9.75 crore.
- Management transition is solidified with Rohan Gupta (Whole-time Director) and other steel industry veterans joining the board.
Management Guidance
The acquisition of Tanwar Cargo Solutions is intended to secure strategically located land for future manufacturing facilities and warehousing infrastructure, expected to close by December 31, 2026.
Sentiment Shift
Stable
While revenue cooled off from the previous quarter's highs, fundamental profitability and margin profile showed resilience alongside a major leadership upgrade from the APL Apollo ecosystem.
Outlook
The company is transitioning from a rapid scale-up phase to building long-term infrastructure and formalizing its leadership under the Gupta family. Future growth is tied to the successful integration of its B2B marketplace and the development of the newly acquired logistics assets.
From the Annual Report (Key Quotes)
“The proposed acquisition is to secure strategically located land for the Company's future expansion plans including manufacturing facilities and logistics infrastructure.”
“Shri Sanjay Gupta is a first-generation entrepreneur with over 40 years of rich experience in the steel, building materials and allied industries.”
“The Group's business activities predominantly fall within a single primary business segment viz. trading and manufacturing of Building Material Products.”
Official Quarterly Documents
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This summary is AI-generated from SG Mart Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.