Sportking India Limited , a leading textile manufacturer, has announced key dates for its upcoming dividend payout and annual general meeting.

Dividend Details

The company's Board of Directors has recommended a final dividend of Rs.1.00 per equity share for the financial year ended March 31, 2025. To determine shareholder eligibility for this dividend, Sportking has set August 23, 2025 as the record date.

Book Closure and AGM

The Register of Members and Share Transfer Books of the company will remain closed from August 24, 2025 to August 30, 2025 (both days inclusive). This closure period is in connection with the dividend payment and the upcoming Annual General Meeting (AGM).

Sportking's 36th AGM is scheduled for August 30, 2025 at 10:30 A.M. The meeting will be held at the company's registered office in Village Kanech, Near Sahnewal, GT Road, Ludhiana.

E-Voting Details

The company is providing shareholders with the option to vote electronically on resolutions proposed at the AGM. Remote e-voting will be available from August 27, 2025 (9:00 a.m.) to August 29, 2025 (5:00 p.m.).

Recent Financial Performance

In its recent investor presentation, Sportking India highlighted strong financial results for Q1 FY26:

The company maintained a robust export performance, with 58% of Q1 FY26 revenue coming from international markets.

Expansion Plans

Sportking has announced a significant greenfield expansion project to increase its spinning capacity. The first phase will add 1.50 lakh spindles in Odisha, representing a 40% increase over the existing spindle count. The total investment for this expansion is estimated at approximately Rs. 1000.00 crores.

This expansion aligns with Sportking's strategy of continuous growth investment, building on its history of capacity additions since 1994.

Shareholders and investors are advised to take note of these important dates and developments as Sportking India Limited continues its growth trajectory in the textile sector.

Sportking India Limited , a leading textile manufacturer, has reported a strong performance for the first quarter, with a 10% year-on-year increase in profit after tax (PAT) to ₹35.00 crores. The company also announced a significant expansion plan, demonstrating its commitment to growth and market leadership.

Financial Highlights

• Revenue from operations stood at ₹586.00 crores
• Profit After Tax (PAT) increased by 10% year-on-year to ₹35.00 crores
• Gross margin improved to 27.00%, up from 24.30% in the previous year's corresponding quarter
• EBITDA margin expanded to 12.00%, compared to 11.60% in the same quarter last year

Operational Performance

Sportking India maintained its operational excellence with a capacity utilization above 95% during the quarter. The company's export business continued to be a significant contributor, accounting for 58% of total revenue. This strong export performance underscores Sportking's competitive position in the global textile market.

Expansion Plans

In a major development, Sportking India's board has approved a greenfield expansion project worth approximately ₹1,000.00 crores. The expansion includes:

• Addition of 1.50 lakh spindles in Odisha
• 40% increase over the existing capacity of 3.79 lakh spindles
• Expected completion within 12-15 months
• Funding through a mix of term loans and internal accruals

This strategic expansion is set to enhance Sportking's production capabilities and strengthen its market position in the eastern region of India.

Strategic Initiatives

The company also received in-principle approval for the merger of Marvel Dyers and Processor Pvt Ltd and Sobhagia Sales Pvt Ltd. This move is aimed at enabling forward integration into fabrics and garments, potentially opening up new revenue streams and enhancing value addition in Sportking's product chain.

Management Commentary

Munish Avasthi, Chairman & Managing Director of Sportking India Limited, stated, "Our quarterly results reflect the strength of our business model and our ability to maintain profitability in a dynamic market environment. The approved expansion plan is a testament to our confidence in the future growth prospects of the textile industry. We believe this investment will significantly enhance our manufacturing capabilities and allow us to better serve our customers both domestically and internationally."

Outlook

With its robust financial performance, high capacity utilization, and strategic expansion plans, Sportking India Limited appears well-positioned for sustained growth. The company's focus on exports, coupled with its forward integration initiatives, is expected to drive long-term value creation for shareholders.

Investors and industry observers will be keenly watching the progress of Sportking's expansion project and its impact on the company's market share and financial performance in the coming quarters.