B2B Construction Material Company Forays into Renewables Sector with Rs 266 Crore Solar Mounting Structure Orders

Over the past year, the company has delivered a negative return of 19 per cent.

SG Mart Limited, formerly known as Kintech Renewables Limited, announced its foray into the renewable energy sector, securing orders worth ₹266 crore (excluding GST) for the supply of solar module mounting structures. The orders were awarded by multiple domestic independent power producers (IPPs). The delivery of these solar module mounting structures is scheduled to take place during the financial year 2025-26. 

As of June 14, 2025, SG Mart Limited's share price closed at Rs 397.95 on the BSE, experiencing a slight decline of 2.44 per cent during intraday trading on Friday. Over the past year, the company has delivered a negative return of 19 per cent.

In the Quarterly Results of March 2025, the company reported a revenue of Rs 1,595.03 crore, reflecting a YoY growth of 24.85 per cent compared to Rs 1,277.54 crore in March 2024. The operating profit stood at Rs 37.07 crore, marking a 16.83 per cent increase from Rs 31.73 crore in the same quarter last year. However, the profit after tax (PAT) declined by 1.22 per cent to Rs 33.14 crore from Rs 33.55 crore in March 2024.

In FY25, the company posted a revenue of Rs 5,856.17 crore, registering a 118.28 per cent growth compared to Rs 2,682.90 crore in FY24. The net profit for the year stood at Rs 103.43 crore, up 69.72 per cent from Rs 60.94 crore in the previous financial year.

SG Mart Limited operates in the retail sector, previously focusing on various retail segments. With its recent announcement, the company is strategically diversifying into the renewable energy sector, specifically in the supply of solar module mounting structures, indicating a significant expansion of its business scope to include sustainable energy solutions.

Disclaimer: The article is for informational purposes only and not investment advice.