Sportking India Limited , a leading textile manufacturer, has reported a robust financial performance for the recent quarter, along with ambitious expansion plans that signal confidence in the company's future growth trajectory.

Financial Highlights

The company reported revenue from operations of ₹585.80 crore for the quarter, with a profit after tax (PAT) of ₹35.2 crore, marking a significant 10.5% year-on-year increase. Gross profit stood at ₹157.2 crore, showing a 2.1% growth, while the gross margin expanded by 254 basis points to 26.8%.

Operational efficiency improvements were evident as EBITDA reached ₹70.5 crore, with the EBITDA margin expanding to 12.0%. This performance underscores the company's ability to maintain profitability amid challenging market conditions.

Export Growth and Capacity Utilization

Sportking India's export performance was particularly noteworthy. The share of exports in revenue increased to 58% from 47% in the previous year, with exports growing by 18% year-on-year to ₹341.0 crore. This shift towards exports demonstrates the company's growing international presence and its ability to capitalize on global market opportunities.

The company continues to operate at near-full capacity, with utilization rates at 95%, indicating strong demand for its products.

Expansion Plans

In a significant move, Sportking India has announced a major expansion plan involving a ₹1,000 crore capital expenditure to add 150,000 spindles in Odisha. This expansion represents a 40% increase over the existing 3.8 lakh spindles and is expected to be completed within 12-15 months.

The new facility in Odisha is projected to generate additional revenue of ₹1,000-1,200 crore and is anticipated to improve the company's overall EBITDA margins by 200-300 basis points. This expansion will be funded through a combination of internal accruals and term loans.

Integration and Diversification

Sportking India is also focusing on vertical integration, with plans to incorporate apparel manufacturing and dye house operations within the next 6-8 months. This integration is expected to add approximately ₹200 crore to the company's top line, further diversifying its revenue streams.

Market Challenges and Outlook

While the company has reported strong performance, management noted challenges including uncertainties surrounding U.S. tariffs and rising Indian cotton prices. However, they expressed confidence in the business fundamentals and the company's ability to navigate these challenges.

The expansion into Odisha marks Sportking India's first diversification outside Punjab, providing geographical advantages including proximity to eastern markets and ports, which could enhance the company's competitive position.

Conclusion

Sportking India Limited's recent financial results and expansion plans reflect a company on a growth trajectory, despite market challenges. The significant investment in new capacity, coupled with vertical integration efforts, positions the company to capitalize on both domestic and international market opportunities in the coming years.

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.