SG MART LIMITED — Interim / Quarterly Report 2026

Jan 23, 2026

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January 23, 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 and nine months period ended December 31, 2025

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 and nine months period ended December 31, 2025.

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

Digitally signed SACHIN by SACHIN KUMAR KUMAR Date: 2026.01.23 12:43:27 +05'30'

Sachin Kumar Company Secretary & Compliance Officer M. No. A61525 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

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A B2B marketplace for construction materials INVESTOR PRESENTATION | JANUARY 2026

India is on the rise

THE INDIAN ECONOMY IS MARCHING TOWARDS THE US$10 TRILLION MARK

INDIA’S ECONOMY (US$ Tn)

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10
4.18
FY25 FY32
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• India to add $1Tn to its GDP every 18 months over the next six years

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INDIA’S MANUFACTURING SECTOR – POISED FOR EXPLOSIVE GROWTH

SHARE OF INDUSTRY IN GDP

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31%
17%
FY25 FY35
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• India's industry sector expected to take 30% to 32% share in the GDP by 2035

• This would open up a $3Tn opportunity , driven by manufacturing

• Strong manufacturing growth, export potential, and supportive government policies to be key drivers

• MSMEs to play a crucial role in achieving a $10Tn economy by 2032

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A B2B marketplace for construction materials

Investor presentation | January 2026

The dichotom y

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STEEL PRODUCTION WILL RISE

THE MARKET PLACE IS NOT KEEPING PACE

STEEL (Mn Tons)

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250
152
FY25 FY30 Forecast
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• Indian B2B Market is $2Tn , growing 8.5%YoY

• However, the Market Place is fragmented

• Organised players represent a very small share of this large market

• This is unlike the Industrialized nations where B2B trade is spearheaded by large trading hubs like:

MARUBENI | SUMITOMO | MITSUBISHI | JFE SHOJI | ITOCHU

India’s steel production expected to increase rapidly as the nation aims to become self sufficient

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MSME IS LARGE AND SET TO GROW

NEED OF THE HOUR

• MSMEs contribute 29% to 32% of India's GDP

• Critical need to have large trading hubs to service the burgeoning MSME segment

• MSME sector expected to contribute about 50% to India’s GDP by 2030

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A B2B marketplace for construction materials

Investor presentation | January 2026

SG Mart – an emerging trading hub

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• Operates and manages a one-of-a-kind building products market platform specializing in steel & construction materials

• Acts as a bridge between Construction / Automotive equipment / White Goods / Farm equipment players / Solar EPCs / Fabrication companies etc. and reputed brands

• Started with our strength - Steel products

• Aim to cover the entire value spectrum within the construction material space in the coming years

PHASE I – Focusing on Steel

PHASE II - Diversification

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B2B Metal Trading

Network of Service Centres

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Building material

Renewables sector (other than Steel Structures)

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Distribution business

Renewables (Steel Structures)

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A B2B marketplace for construction materials

Investor presentation | January 2026

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SG Mart - B2B marketplace

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SG Mart –B2B Marketplace
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Steel Construction
and other Building
Materials
Warehouse Dealers/
Manufacturers
Traders/Wholesalers/
Contractors/Developers
1 2 3 4
Provides a platform to Delivering products of Caters to traders, No minimum purchase
manufacturers across the country highest quality contractors, developers, requirement
for construction material products retailers, wholesalers etc.
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A B2B marketplace for construction materials

Investor presentation | January 2026

SG Mart – solutions to challenges faced by the industry

Our value proposition

Industry issues

1. One stop solution for all construction needs

2. Fragmented supplier base

3. Serving both upstream and downstream segments of the value chain

4. Limited vertical integration between different stages of material transformation and its final usage

5. Solves the problem of minimum purchase requirement

6. Difficulty in buying good quality steel due to minimum purchase requirement

7. Improved demand and reach

8. Long lead time for delivery to distributors

9. Standardized quality & prices

10. No standardized prices

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A B2B marketplace for construction materials

Investor presentation | January 2026

SG Mart - Business Verticals & Products

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Network of service centres B2B Metal Trading
Cut to Length Sheets Hot Rolled Coils
Chequered Sheets
Slitted Sheets
Stock & Sell
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7 operational 6,500+ SKUS
service centres
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Renewables & Structures
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Solar Structures - Utility
(Operations started from April 2025)
Solar Structures - Residential
(Operations Started from December 2025)
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2,340 438
registered customers registered vendors
SG Mart
Market Platform
Downstream Distribution Products
TMT
Light Structurals
Miscellaneous
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A B2B marketplace for construction materials

Investor presentation | January 2026

Industry Gaps & Our Right to Win

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B2B Metal Trading

Gap

Right to Win

• No large distributors currently associated with metal producers

• Group’s strong relationships with steel producers

• SG Mart’s trading capacity is 20 times more than current largest steel trader

• Difficult for metal producers to push sales with rising production capacities

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Downstream Distribution Products

Gap

Right to Win

• Strong distribution presence for the group in steel downstream products

• No B2B platform to connect fragmented demand and fragmented supply

• Multiple SME manufacturers in the market, mostly unorganized / informal

• Demand visibility worth Rs. 4Tn from group distributors who deal in steel downstream products

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Network of Service Centres

Gap

Right to Win

• Availability of funds to open a vast network of organized service centers PAN India

• No organized steel processing centers

• No steel processing centers in Tier II & Tier III cities

• Ability to source raw steel from steel mills

• Steel end-users pay 2%-3% freight cost to procure processed steel from metro cities

• Group’s lengthy experience in steel downstream sector

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Renewables & Structures

Right to Win

Gap

• Limited organized players

• Multiple product portfolio: Apart from Solar structures (Utility / Residential), SG Mart is also launching structures for the construction sector (cable trays, racking structures and puff panels)

• Strength to purchase raw material in bulk at competitive price

• Leveraging Group’s existing dealer network and relationships with EPC contractors, IPPs and PEB Companies

• Ability to source raw material from steel mills

• Using existing service centre infrastructure to install profiling machines

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A B2B marketplace for construction materials

Investor presentation | January 2026

Our Leadership

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Mr. Amit Thakur Executive Director, Leader - B2B Metal Trading

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Mr. Suraj Kumar Chief Financial Officer

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Mr. Archit Arora

Leader - Service Center & Distribution Business

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Ms. Anamika Gulati Leader – Renewables Business

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A B2B marketplace for construction materials

Investor presentation | January 2026

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Financial Performance - Segment Wise

Financial Year	FY24	FY24	FY25	FY25	Q4FY25	Q4FY25	Q1FY26	Q1FY26	Q2FY26	Q2FY26	Q3FY26	Q3FY26
Business Vertical	Revenue (Rs. Mn)	Volume (k Tons)	Revenue (Rs. Mn)	Volume (k Tons)	Revenue (Rs. Mn)	Volume (k Tons)	Revenue (Rs. Mn)	Volume (k Tons)	Revenue (Rs. Mn)	Volume (k Tons)	Revenue (Rs. Mn)	Volume (k Tons)
B2B Metal Trading	17,550	322	32,107	632	8,212	154	3,274	70	5,434	111	5,466	126
Network of Service centres1	-	-	20,016	386	6,309	128	6,119	121	8,157	163	7,797	164
Distribution products	8,587	-	3,801	-	1,289	-	1,958	-	2,825	-	1,804	-
Renewables & Structures	Yet to start						67	1	611	8	1,370	17
TMT2	692	-	2,638	-	140	-	19	-	15	-	7	-
Total	26,829	322	58,562	1,018	15,950	282	11,438	192	17,042	282	16,444	307
Total EBITDA (Rs. Mn)	618		1,031		388		359		280		167
EBITDA margin	2.3%		1.8%		2.4%		3.1%		1.6%		1.0%

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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 2The company shifted to royalty-based model in Q4FY25. Revenue figures for Q1FY26, Q2FY26 and Q3FY26 comprise only the royalty incomes on TMT

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A B2B marketplace for construction materials

Investor presentation | January 2026

B2B Metal Trading

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Primary SG Mart SG Mart
metal producers B2B customers
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Bulk buying Bulk selling
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JSW Steel
Distributors/Dealers/Stockists
Jindal Steel & Power Ltd
Third party service centres
NMDC Steel
SAIL
Other End Users of Steel
Hindustan Zinc Ltd
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Key Highlights

1.	Market Opportunity (Annual) – Flat Steel	25Mn Tons (Rs. 1.25Tn)
2.	FY25 Volume	632k Tons
3.	Q3FY26 Volume	126k Tons
4.	Target EBITDA	2%-3%
5.	No. of customers served	50

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*This would include various user industries such as steel pipe producers, PEB, Yellow Goods etc.

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A B2B marketplace for construction materials

Investor presentation | January 2026

Network of Service Centres

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Dubai
Mandi
Dujana
Jaipur
Patna Siliguri
Ahmedabad Kolkata
Indore
Bhubaneshwar
Raipur
Pune Hyderabad
Chennai
Bangalore
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Operational service centres

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Upcoming service centres in next 2 years

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Key Highlights

1.	Market Opportunity (Annual)
	Stock & Sell	7Mn Tons (Rs. 364Bn)
	Sheet Processing	6Mn Tons (Rs. 312Bn)
2.	Monthly capacity per service centre
	Metro cities	8,000 Tons
	Non-metro cities	5,000 Tons
3.	FY25 Volume	386k Tons
4.	Q3FY26 Volume	164K Tons
5.	Target EBITDA	4%-5%
6.	Target Customer Industry	White goods, Auto components, Construction equipment, Farm equipment, Fabrication & PEB companies
7.	No. of customers served	300
8.	Avg. area of service centres
	Metro cities	250,000 sq. ft.
	Non-metro cities	150,000 sq. ft.
	Number of operational service centres –7* Target to add 5-7 service centres each year Business opportunity in UAE is immense in hindsight of ongoing global trade war

1. Number of operational service centres – 7*

2. Target to add 5-7 service centres each year

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1. Business opportunity in UAE is immense in hindsight of ongoing global trade war

*Includes two service centres, located in Ahmedabad and Indore, taken on lease. These operations will subsequently be shifted to company-owned facilities upon their establishment

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A B2B marketplace for construction materials

Investor presentation | J a n u a r y 2026

Network of Service Centres (Continued)

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CTL Machine at Dubai CTL Machine at Raipur
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Embossing Machine at Dujana

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A B2B marketplace for construction materials

Investor presentation | January 2026

Network of Service Centres (Continued)

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Current Monthly capacity (Tons)

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Capacities	Ghaziabad - North	Bangalore - South	Pune - West	Raipur - Central	Dubai - UAE	Rented – Indore	Rented – Ahmedabad	Total
Cut-To-Length	6,500	10,000	6,000	12,000	6,000	3,000	6,000	49,500
Chequered	2,500	2,500	2,500	2,000	-	-	-	9,500
Slitting	3,000	-	3,000	-	-	-	-	6,000
Solar	15,000	-	-	-	-	-	-	15,000
Total	27,000	12,500	11,500	14,000	6,000	3,000	6,000	80,000

*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: This does not include Stock & Sell Volumes

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A B2B marketplace for construction materials

Investor presentation | January 2026

Renewables & Structures

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Operational

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Upcoming

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Solar Structures - Solar Structures - Utility Residential Industrial solar mounting Residential solar mounting

Racking Structures

Racking Structures Z / C Purlins Modular construction demand PEB & warehouse growth

Cable Trays Data centers & infra projects

Puff Panels

Energy-efficient Insulation | Cold Storage Solutions

Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total	Key Highlights Solar Structures - Utility Solar Structures - Residential Racking Structures Z/C Purlins Cable Trays Puff Panels Total
1.	Market Opportunity (India) – Annual	800k Tons	180k Tons	240k Tons	600k Tons	540k Tons	144k Tons	~ 2.5Mn Tons (Rs. 150 Bn)
2.	Export Potential – Annual							~ 200k (Rs. 12 Bn)
3.	Targeted Annual capacity by Q1FY27	270k	65k	36k	18k	54k	84k	~ 500k
4.	Target EBITDA	6%-8%
5.	Target Customer Industry	Solar EPCs / IPPs		Packaging Companies	PEB Companies
6.	Installation of machines at existing service centres
7.	The company is leveraging group’s existing relationships with dealer network, IPPs, EPC contractors and PEB Companies

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A B2B marketplace for construction materials

Investor presentation | January 2026

Renewables & Structures (Continued)

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Raw steel is processed to Solar profiling
manufacture ground mounting machine at Dujana
structures
Ground-mounted solar modules
Raw Material supported by structures
A B2B marketplace for construction materials Investor presentation | January 2026
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Downstream Distribution Products

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MS Angle

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Bar
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Channel

	Key Highlights	Key Highlights	Distribution Products
	1	Market Opportunity - Annual	Light Structurals - 800k Tons (Rs. 40Bn)
	2	FY25 Revenue	Rs. 3,801Mn
	3	Q3FY26 Revenue	Rs 1,811Mn
	4	Target EBITDA	2.0% - 2.5%
	5	Target Customer Industry	Construction sector
	6	No. of customers served	250

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A B2B marketplace for construction materials

Investor presentation | January 2026

At a Glance – Q3FY26

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Rs.16.4Bn Rs.167 Mn 1.0% Rs.107 Mn 0.7% Rs.145 Mn
Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit
23% YoY increase 40% YoY decrease 108 bps YoY decrease 62% YoY decrease 145 bps YoY decrease 49% YoY decrease
4% QoQ decrease 40% QoQ decrease 63 bps QoQ decrease 60% QoQ decrease 90 bps QoQ decrease 50% QoQ decrease
27 days 12% 7% Rs. 7.4Bn 2,340 438
Net WC days ROCE ROE Net cash as on 31 Dec 25 Registered Customers Registered Suppliers
FY25 was 30 days FY25 was 22% FY25 was 9% by end of Q3FY26 by end of Q3FY26
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*ROCE and ROE have been annualized basis 9MFY26 numbers. Other income has not been considered for the purpose of EBIT calculation

• The increase in Net WC days is primarily due to an advance payment of Rs. 1,300 Mn made to steel suppliers towards the end of Dec 25 for bulk procurement of raw materials Capital employed is average of Total assets minus current liability minus surplus cash, as at the end of FY25 and 31 Dec 2025 *Net Working Capital has been calculated as Total Current Assets - Total Current Liabilities

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A B2B marketplace for construction materials

Investor presentation | January 2026

At a Glance – 9MFY26

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Rs.44.9Bn Rs.806 Mn 1.8% Rs.696 Mn 1.5% Rs.774 Mn
Revenue Business EBITDA Business EBITDA Margin Net Profit Net Profit Margin Cash profit
5% YoY increase 19% YoY increase 21 bps YoY increase 1% YoY decrease 10 bps YoY decrease 9% YoY increase
27 days 12% 7% Rs. 7.4Bn 2,340 438
Net WC days ROCE ROE Net cash as on 31 Dec 25 Registered Customers Registered Suppliers
FY25 was 30 days FY25 was 22% FY25 was 9% by end of Q3FY26 by end of Q3FY26
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*ROCE and ROE have been annualized basis 9MFY26 numbers. Other income has not been considered for the purpose of EBIT calculation

• The increase in Net WC days is primarily due to an advance payment of Rs. 1,300 Mn made to steel suppliers towards the end of Dec 25 for bulk procurement of raw materials Capital employed is average of Total assets minus current liability minus surplus cash, as at the end of FY25 and 31 Dec 2025 *Net Working Capital has been calculated as Total Current Assets - Total Current Liabilities

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A B2B marketplace for construction materials

Investor presentation | January 2026

Growing strength-to-strength

*Revenue (Rs. Mn)

^Business EBITDA (Rs. Mn)

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17,042
16,444
15,950
13,347
11,438
Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26
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388
359
279 280
167
Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26
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PAT (Rs. Mn)

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No. of registered customers
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No. of registered suppliers

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438
402
331 323 2340
2,328
280 2,312
265
2,257 246
223 225
107 2,126
Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26
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Previous quarters Q3FY26

*Q3FY25 revenue figures haven been adjusted on account of netting of TMT sales and cost of purchases from one of the suppliers

^ In compliance with the accounting standards, the forex gains of Rs. 62 Mn in Q3FY25 and Rs. 18 Mn in Q4FY25 have been classified as Other Income. However, for the purposes of this presentation, the same have been factored in while calculating Business EBITDA

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A B2B marketplace for construction materials

Investor presentation | January 2026

Growing strength-to-strength (Continued)

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Operating Cash Flow (Rs. Bn)
1.6
0.3
(2.9)
FY24 FY25 9MFY26
ROCE (%)
43
22
12
FY24 FY25 9MFY26
FY24 & FY25
9MFY26
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Net Cash (Rs. Bn)
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9.4
7.4
4.6
FY24 FY25 9MFY26
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NWC days
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30
27
5
FY24 FY25 9MFY26
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Investor presentation | January 2026

Profit & Loss Statement

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Particulars (Rs. Mn)%	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26	9MFY26	9MFY25	FY25
Net Revenue	#13,347	15,950	11,438	17,042	16,444	44,924	42,611	58,562
Raw Material Costs	12,955	15,341	10,887	16,533	16,062	43,482	41,495	56,835
Employee Costs	44	55	67	81	84	233	120	175
Other expenses	69	167	124	148	131	403	321	520
Business EBITDA	^279	^388	359	280	167	806	676	1,031
Business EBITDA Margin %	2.1%	2.4%	3.1%	1.6%	1.0%	1.8%	1.6%	1.8%
Other Income	197	180	204	190	179	574	588	802
Interest Cost	98	136	120	115	174	410	303	439
Depreciation	4	12	17	23	37	78	9	21
Tax	94	89	103	66	28	197	249	339
Net Profit	280	331	323	265	107	696	703	1,034
Net Profit Margin %	2.1%	2.1%	2.8%	1.6%	0.7%	1.5%	1.6%	1.8%

Operational metrics	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26	9MFY26	9MFY25	FY25
*NWC (days)	11	30	15	22	27	27	11	30
*ROCE	32%	22%	21%	16%	12%	12%	32%	22%
*ROE	8%	9%	10%	9%	7%	7%	8%	9%

Q3FY25 revenue figures haven been adjusted on account of netting of TMT sales and cost of purchases from one of the suppliers

^ In compliance with the accounting standards, the forex gains of Rs. 62 Mn in Q3FY25, Rs. 18 Mn in Q4FY25 and Rs. 34 Mn in 9MFY25 have been classified as Other Income. However, for the purposes of this presentation, the same have been factored in while calculating Business EBITDA

• *ROCE and ROE for respective quarters have been presented on annualized basis

*Other income has not been considered for the purpose of EBIT calculation

• *Capital employed is average of Total assets minus current liability minus surplus cash, as at the end of FY25 and 31 Dec 2025

• *NWC has been calculated as Total Current Assets -Total Current Liabilities

A B2B marketplace for construction materials

22

Investor presentation | January 2026

Provisional Balance Sheet & Cash flow – 9MFY26

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Balance Sheet - Assets (Rs. Mn)	9MFY26	FY25 Cashflow Statement (Rs. Mn)	9MFY26	FY25
Cash & Bank Balance	8,760	11,448 EBITDA	806	1,031
Receivables	3,026	3,167 Change in Accounts receivables	141	(2,304)
Inventories	3,058		(523)	(1,823)
Other current assets	2,792		825	(292)
Fixed assets (net)	3,984		(197)	(339)
Other assets	11		574	802
Total Assets	21,632		1,626	(2,924)
			(1,014)	(2,021)
			-	-
			(410)	(439)
			202	(5,384)
			-	-
			2,630	177
			32	321
			2,864	(4,886)
			4,558	9,444
			7,422	4,558

Capital advances classified as Other Assets in Balance sheet and considered as Capex in Cash Flow Statement

23

A B2B marketplace for construction materials

Investor presentation | January 2026

Cash Flow Bridge (Rs. Mn)

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Note 1: Increase in capital is due to conversion of warrants

24

A B2B marketplace for construction materials

Investor presentation | J a n u a r y 2026

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THANK YOU

For further information, please contact: Suraj Kumar - Chief Financial Officer Naman Rastogi – GM Strategy SG Mart Limited

T: +91 9205909028 E: namanrastogi@sgmart.co.in

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Q3FY26 Result Highlights

SG Mart Ltd. announces Q3FY26 Results

Noida, January 23, 2026 – SG Mart, a growing B2B construction materials marketplace, today announced its financial and operational performance for quarter ending December 31, 2025.

The company reported a net revenue Rs. 16.4 billion, (reflecting an increase of 23% YoY, decrease of 4% QoQ) and a PAT of RS. 107 Mn (reflecting a decrease of 62% YoY, decrease of 60% QoQ).

SG Mart offers a wide range of products, encompassing more than 60 product categories, and more than 6,500 SKUs. These categories include construction steel products like TMT Rebars, HR Sheet, Welding rod, Binding wire, mesh net, tapping screw and barbed wire, among others. Additionally, in response to the increasing demand, the Company has introduced tiles, cement, bath fittings, laminates and paints. The company also forayed into renewables sector by launching the supply of solar structures – utility, during the first quarter of FY26, and solar structures – residential, in the third quarter of FY26.

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 2,340 customers and 438 vendors.

Mr. Amit Thakur, Executive Director, SG Mart, comments on Q3FY26 results

“Q3FY26 was a challenging quarter due to pressure on steel prices and lack of demand in downstream steel products in October and November. However, these pressures are largely transient. With steel prices showing signs of recovery and demand conditions improving, we are confident of delivering a significantly better performance in Q4FY26. Our focus remains on disciplined inventory management, margin protection, and scalable growth.”

SG Mart continues to strengthen its sourcing capabilities and customer relationships to drive sustainable growth over the medium to long term.”

The key financial metrics for Q3FY26 and 9MFY26 are given below:

Particulars (in Rs Mn)	Q3FY26	Q2FY26	Q3FY25	9MFY26	9MFY25
Revenue	16,444	17,042	13,347	44,924	42,611
Business EBITDA	167	280	279	806	676
Other income	179	190	197	574	588
Total EBITDA	347	470	476	1,380	1,264
PAT	107	265	280	696	703

Notes:

1. In compliance with the accounting standards, the forex gains of Rs. 62 Mn in Q3FY25 and Rs. 34 Mn in 9MFY25 have been classified as Other Income. However, for the purposes of this presentation, the same have been factored in while calculating Business EBITDA