SG Mart , a prominent player in the building materials sector, has reported a significant improvement in its financial performance for the second quarter. The company's consolidated net profit surged by 66% to 265 million rupees, compared to 159.5 million rupees in the same period last year.

Key Financial Highlights

• Net Profit: Increased by 66% year-over-year to 265 million rupees
• EBITDA: Rose to 280 million rupees from 149 million rupees in the previous year
• EBITDA Margin: Improved to 1.64% from 0.83% year-over-year

Improved Operational Efficiency

The substantial growth in EBITDA and the expansion of the EBITDA margin indicate improved operational efficiency and cost management by SG Mart. This performance suggests that the company has been successful in optimizing its operations and enhancing profitability.

Financial Position

According to the company's consolidated balance sheet as of September 30:

The balance sheet reflects a strong financial position with significant current assets and a healthy equity base.

Cash Flow and Liquidity

The consolidated cash flow statement for the half-year ended September 30 shows:

Despite the net decrease in cash, the company maintains a cash position of 92.99 crores in cash and cash equivalents at the end of the period.

Market Listing

SG Mart's equity shares were listed on the National Stock Exchange of India Limited on September 12, marking an important milestone for the company.

Conclusion

SG Mart's strong financial performance in Q2, characterized by significant growth in net profit and improved EBITDA margins, reflects the company's effective strategies and operational enhancements. As the company continues to strengthen its position in the building materials sector, investors and market watchers will likely keep a close eye on its future performance.

SG Mart Limited , formerly known as Kintech Renewables Limited, is poised to make its debut on the National Stock Exchange (NSE) on September 12. The company will list 12.6 crore equity shares, marking a significant milestone in its journey as a public entity.

Listing Details

The NSE has confirmed that SG Mart's equity shares will be admitted to dealings under the symbol 'SGMART' in the EQ series. Here are the key details of the listing:

• Symbol: SGMART
• Series: EQ
• Number of Securities: 126,000,000 (12.6 crore)
• Face Value: Re. 1/- each, fully paid up
• Market Lot: 1

Lock-in Periods

The listing comes with specific lock-in periods for different portions of the shares:

Company Background

SG Mart Limited, headquartered in Delhi with its corporate office in Noida, Uttar Pradesh, has transitioned from its former identity as Kintech Renewables Limited. The company's listing on the NSE represents a significant step in its corporate journey and opens up new avenues for investor participation.

Compliance and Reporting

As part of its listing obligations, SG Mart will be required to file all reports, statements, and other important information through the NSE Electronic Application Processing System (NEAPS). This online filing system ensures transparency and timely dissemination of crucial company information to stakeholders.

The listing of SG Mart on the NSE is expected to enhance the company's visibility in the market and provide liquidity to its shareholders. Investors and market participants will be closely watching the stock's performance as it commences trading on one of India's premier stock exchanges.

Note: All dates mentioned in this article are based on the information provided in the company's official communication with the stock exchange.