Sportking India Share Price

Textiles company Sportking India announced Q4FY26 & FY26 results Financial Highlights: Revenue from operations stood at Rs 636.8 crore for Q4, a marginal increase of 1.3% YoY. For the full year FY26, the revenue remained stable at Rs 2,495.9 crore. Exports contributed 48.7% of total revenue in Q4FY26. EBITDA for Q4FY26 was Rs 85.4 crore, an increase of 16.1% YoY. EBITDA Margin for the quarter improved by 172 bps on a yearly basis to reach 13.4%. The EBITDA for FY26 increased by 7.2% to Rs 286 crore and EBITDA margin was 11.5%, an increase of 89 bps YoY. Profit After Tax for the Q4FY26 was Rs 32.8 crore, registering a degrowth of 7.3% YoY. This was due to negative other income of Rs 7.9 crores during the quarter. The negative other income was due to mark-to-market (MTM) provisions made on foreign exchange. The PAT margin stood at 5.1%. For the full year FY26 Profit After Tax stood at Rs 119.7 crore, an increase of 5.8% YoY with PAT margin at 4.8% - an increase of 31 bps YoY. The Board has, subject to shareholder approval, recommended a Final Dividend of Rs 1/- per equity share for FY 2025-26. Business Highlights: Total Production Volume for Q4FY26 stood at 20,527 MT for the quarter compared to 20,956 MT in Q4 FY25. Yarn Sales Volume for Q4FY26 stood at 21,052 v/s 21,038 MT in Q4 FY25. Capacity Utilization at 96% for Q4FY26 – best in class utilization levels Munish Avasthi, Chairman & Managing Director, said, “I am pleased to announce that the Company delivered a steady performance in Q4 & FY26. Despite the challenges we faced, our revenue remained largely stable while profitability improved, driven by stronger operational efficiency and margin expansion, particularly in the fourth quarter. Revenue increased during the quarter, driven by higher yarn sales and improved realizations amid elevated global cotton prices. Leveraging inventory sourced at comparatively lower costs, the Company was able to enhance spreads, resulting in a positive impact on overall profitability and margins. During the quarter, U.S. tariff structures remained favorable, enhancing India's textile export competitiveness and supporting demand across key international markets. However, ongoing geopolitical tensions, particularly the U.S.-Iran conflict, created headwinds for the textile industry, resulting in supply chain disruptions, upward pressure on input costs, and a degree of uncertainty in global demand conditions. Rising fuel and freight costs, along with delays arising from rerouting through alternate trade corridors, led to extended transit times and increased logistics expenses across the value chain. Cotton prices remained elevated during the period, witnessing a steady upward trajectory across both international and domestic markets. This was primarily driven by constrained supply conditions and rising input costs across the value chain, which resulted in higher raw material costs for the textile sector. However, this increase in cotton prices translated into improved yarn realizations. Moreover, an upward trend is also seen in demand in both the international and domestic market. Despite the challenging environment, we remained resilient in our approach, continuing to invest in expansion while driving long-term growth. We are progressing well on our ~1,000 crores greenfield expansion which will significantly expand our spindle count by 1,50,000. The land has been secured, advances have been made for the machinery, and the construction activities have been initiated. This expansion will strengthen our ability to meet growing demand while improving operational efficiency. Commercial operations are expected to commence in the third quarter of this financial year. In conclusion, we remain confident in our strategic direction and our ability to navigate evolving market dynamics. Our continued focus on operational excellence, capacity expansion, and disciplined execution positions us well for sustainable long-term growth. We thank our investors, customers, and partners for their continued trust and support.” Result PDF

• Trendlyne
• 1 week 4 days ago

Textiles company Sportking India announced Q3FY26 results Financial Highlights: Revenue from operations stood at Rs 645.9 crore for Q3FY26. Revenue from Exports was Rs 309.2 crore thus contributing ~ 48% to overall revenue in Q3FY26. Gross profit for Q3FY26 increased marginally by 0.6% YoY to Rs 151.1 crore, translating into a gross margin of 23.4%. Q3FY26 EBITDA increased by 10.8% YoY to Rs 65.6 crore, with EBITDA margin improving by 45 bps on a yearly basis to 10.2%. Profit After Tax for the quarter stood at Rs 24.6 crore, registering a robust YoY growth of 33.0%. PAT margin expanded by 77 bps to 3.8%. Operational Highlights: The quarter’s Total Production Volume was 21,073 MT compared to 20,336 MT in Q3FY25. Yarn Sales Volume for Q3FY26 stood at 21,278 MT v/s 21,214 MT in Q3FY25. Capacity Utilization at 96% for Q3FY26 – maintaining best in class utilization levels. Munish Avasthi, Chairman & Managing Director, said: “The quarter reflected stable operating performance and continued improvement in profitability, supported by disciplined cost management and strong operational efficiency. High-capacity utilization and steady execution helped us navigate a mixed external environment. Domestic demand remained a key growth driver during the quarter, growing by 29% YoY. The momentum in domestic sales more than offset softness in exports, supporting overall revenue growth and improving the business mix. Cotton prices have remained largely stable without major volatility, providing a measure of predictability. However, the conclusion of the duty exemption scheme in December has raised import costs. The recently concluded trade agreements with the United States and the European Union mark a turning point for India’s textile industry. With tariff barriers reduced and preferential access secured, our industry will now get access to two of the world’s largest markets on far more competitive terms. As a trusted supplier of quality yarns for decades, our company is well positioned to capitalize on this renewed advantage. At the beginning of this financial year, we announced a landmark greenfield capacity addition program with a planned investment of ~Rs 1,000 crore to significantly expand our spindle capacity. I am pleased to report steady progress on this initiative. We have successfully received all requisite approvals for land allotment, and the land payment has been made in full. In addition, advances for machinery procurement have been paid, and ground-breaking activities have commenced at the project site. This expansion marks a pivotal step in our growth journey, positioning us to meet rising demand for high-quality cotton yarn both domestically and internationally. The new capacity will not only strengthen our market leadership but also enhance operational efficiency. Continued emphasis on efficiency and growth initiatives, positions us well to deliver consistent value in an evolving market environment.” Result PDF

• Trendlyne
• 3 months 3 weeks ago

Textiles company Sportking India announced Q2FY26 results Revenue from operations stood at Rs 627.4 crore for Q2FY26. Exports contributed ~ 53% to overall revenue in Q2FY26 and increasing by 11% YoY. In Q2FY26, Gross Profit increased by 4.8% YoY to Rs 151.3 crore. Gross Profit Margin expanded by 197 bps to 24.1%. EBITDA for Q2FY26 was Rs 65.4 crore – an increase of 4.5% YoY. EBITDA Margin for the quarter improved by 82 bps on a yearly basis to reach 10.4%. Profit After Tax for the quarter was Rs 28.3 crore – a decrease of 5.5% YoY. PAT Margin was 4.5% stable on a yearly basis. Munish Avasthi, Chairman & Managing Director said: “We are pleased to deliver a stable quarter, underscored by a consistent upward trajectory in gross profit and EBITDA margins driven by softer input costs on a yearly basis. Modest rise in operating expenses YoY further supported gross margin flowthrough to EBITDA. This performance reflects our disciplined execution, operational efficiency, and resilience in navigating market dynamics. The Indian spinning industry is navigating elevated domestic cotton prices sequentially driven by an increase in the Minimum Support Price, with the Cotton Corporation of India expected to play a larger role in stabilizing procurement. Government measures, including temporary relaxation of import duties, have narrowed the cost gap with global peers and improved competitiveness. Despite these headwinds, export volumes have stayed resilient, supported by strong global demand and improving competitiveness of Indian mills. The same was reflected in the exports share of our revenues which increased from 46% in Q2FY25 to 53% in Q2FY26 delivering a solid 11% growth YoY The GST cut on everyday garments is expected to make clothing more affordable and encourage customers to buy more or choose better-quality apparel. During the upcoming festive season, this move should boost demand and create a positive ripple effect across the textile value chain, benefiting manufacturers like us. In the previous quarter we had announced a greenfield capacity addition program with a planned investment of around Rs 1,000 crore to significantly expand spindle capacity. We have commenced some initial procedural work towards the same. As we move ahead, we remain confident that supportive policy changes and a positive demand outlook in H2FY26 will create fresh avenues for growth. Grounded in strong fundamentals, a resilient export base, and a commitment to innovation, Sportking India Ltd is well-positioned to capitalize on emerging trends and deliver sustained value to all stakeholders." Result PDF

• Trendlyne
• 6 months 2 weeks ago