Sportking India Ltd reported a net profit of ₹7597.40 lakh for the quarter ended June 30, 2026, marking a 123% year-on-year increase from ₹3409.63 lakh in the same period last year. The Ludhiana-based textile manufacturer saw revenue from operations rise 20.12% to ₹70367.91 lakh, driven by strong demand in its core segment. In a significant corporate development, the Board of Directors approved the promotion of Mrs. Anjali Avasthi to Whole-time Director, designated as Executive Director, effective August 1, 2026. This leadership change, subject to shareholder approval at the upcoming Annual General Meeting, signals a strategic shift in executive oversight as the company navigates robust top-line growth.

The Board approved the unaudited financial results in a meeting held on August 1, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financial results, the Board scheduled the company’s 37th Annual General Meeting (AGM) for September 12, 2026, at 10:30 A.M. (IST) at its registered office. The statutory auditor, SCV & Co. LLP, conducted a limited review of the interim financial information in accordance with Standard on Review Engagements (SRE) 2410.

Financial Performance Highlights

Earnings per share (EPS) increased to ₹5.98 from ₹2.68 in the previous year’s quarter. The company recorded a profit before tax of ₹10220.40 lakh, a substantial improvement over the ₹4648.75 lakh reported in Q1FY26. Tax expense for the quarter was ₹2623.00 lakh, comprising current tax of ₹2738.00 lakh and a deferred tax benefit of ₹115.00 lakh.

Operational Costs and Margins

Total expenses rose to ₹60378.74 lakh from ₹55127.56 lakh in the prior year period. Cost of materials consumed increased to ₹43396.35 lakh from ₹40134.84 lakh, reflecting higher production volumes. Employee benefit expenses grew modestly to ₹3933.72 lakh from ₹3758.87 lakh. Finance costs decreased to ₹874.03 lakh from ₹1132.11 lakh, indicating improved debt management or lower interest rates. Depreciation and amortisation remained stable at ₹2358.28 lakh.

Leadership Changes and Governance

The Board approved the change in designation of Mrs. Anjali Avasthi (DIN: 06911970) from Non-Executive Director to Whole-time Director, designated as Executive Director, for a period of three years with effect from August 1, 2026. This decision was based on the recommendation of the Nomination and Remuneration Committee. Mrs. Avasthi is related to Mr. Munish Avasthi, the Chairman and Managing Director of the Company. The company confirmed that she is not debarred from holding office by virtue of any order passed by SEBI or any other authority, as per BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24.

What the Numbers Show

The divergence between revenue growth and expense growth highlights improved operational leverage for Sportking India. While revenue surged by over 20%, total expenses grew by less than 10%. This efficiency gain was further amplified by a decline in finance costs, which contributed directly to the more than doubling of pre-tax profits. The drop in other income did not materially impact the bottom line due to the strength in core operational profitability. The company noted a voluntary change in accounting policy during the quarter ended September 30, 2025, adopting the weighted average basis for valuing raw materials with retrospective effect under Ind AS 8. This change impacted the comparatives for Q1FY26, with profit before tax restated downwards by ₹105.41 lakh.

Sportking India Ltd will host an earnings call on August 3, 2026, to review its operational and financial performance for the quarter ended June 30, 2026. The meeting is scheduled to begin at 3:00 PM IST and will provide insights into the company's Q1 FY27 results.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The discussion will focus on the financial outcomes and business operations during the specified period.

Management Participants

The earnings call will feature presentations from senior executives, including:

• Mr. Munish Avasthi, Chairman & Managing Director
• Mr. Sandeep Sachdeva, Chief Financial Officer
• Mr. Lovlesh Verma, Company Secretary

Access Details

Participants can join the conference call using the following access numbers:

Pre-registration is required to attend the call. For inquiries, stakeholders may contact Ms. Darshi Jain at MUFG Intime - IR via email at darshi.jain@in.mpms.mufg.com or by phone at +91 9653139305.