Sportking India Limited , a leading textile conglomerate, has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing resilient performance amidst market dynamics.

Key Financial Highlights

For Q2 FY26, Sportking India reported:

• Revenue from operations of ₹627.40 crore, a slight decrease of 3.7% year-on-year
• EBITDA of ₹65.40 crore, up 4.5% year-on-year, with margin expanding to 10.4% from 9.6% in Q2 FY25
• Profit After Tax (PAT) of ₹28.30 crore, down 5.5% year-on-year

For H1 FY26, the company achieved:

• Revenue from operations of ₹1,213.20 crore
• EBITDA of ₹134.90 crore, with margin improving to 11.1% from 10.4% in H1 FY25
• PAT of ₹62.40 crore, up 5.1% year-on-year

Operational Performance

Sportking India maintained best-in-class capacity utilization levels at 96% during Q2 FY26. The company's yarn sales volume increased to 20,949 MT in Q2 FY26, compared to 18,775 MT in Q2 FY25, indicating strong demand.

Export Growth

A notable highlight was the company's export performance. Export revenue grew by 11% year-on-year in Q2 FY26, with exports contributing 53% of total revenue, up from 46% in Q2 FY25. This growth underscores the company's strong global demand and improving competitiveness.

Expansion Plans

Sportking India has announced a significant greenfield expansion project worth approximately ₹1,000 crore. This investment aims to add 1.50 lakh spindles in Odisha, representing a 40% increase over the existing capacity of 3.79 lakh spindles. The expansion is expected to be completed in 12-15 months and will be funded through term loans and internal accruals.

Strategic Initiatives

The company received in-principle approval for the merger of Marvel Dyers and Processors Pvt Ltd and manufacturing facilities of Sobhagia Sales Pvt Ltd. This strategic move is expected to enable forward integration into processed fabrics and garments, potentially enhancing Sportking India's value chain.

Management Commentary

Mr. Munish Avasthi, Chairman & Managing Director, commented on the results: "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. 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."

He added, "As we move ahead, we remain confident that supportive policy changes and a positive demand outlook in H2 FY26 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."

Outlook

With its strong export performance, strategic expansion plans, and focus on operational efficiency, Sportking India appears well-positioned to navigate market challenges and capitalize on growth opportunities in the textile sector. The company's forward integration initiatives and capacity expansion are likely to strengthen its market position in the coming quarters.

Sportking India Limited , a prominent textile manufacturer, recently experienced a fire incident at its manufacturing unit in Bathinda, Punjab. The company has promptly reported the event to the stock exchanges, adhering to regulatory requirements.

Incident Details

The fire broke out in the company's godown at Village Jeeda, Kotkapura Road, Bathinda, which is used for storing raw cotton bales - a crucial raw material for the manufacturing process. While the cause of the fire is yet to be determined, the company has confirmed that there were no human casualties or injuries reported.

Swift Response and Control

The incident was swiftly addressed by:

• Local Fire Department authorities
• Company's internal team
• In-house firefighting systems

Their combined efforts successfully brought the fire under control, minimizing potential damage.

Insurance and Assessment

Sportking India Limited has taken proactive steps following the incident:

• The affected godown and stock are adequately insured
• The company has notified the insurance company about the incident
• An insurance survey is expected to be conducted soon

The company is currently in the process of assessing the full extent of the damage caused by the fire.

Impact on Operations

Despite the fire incident, Sportking India Limited has stated that no impact on production or operations is expected. This suggests that the company has effective contingency plans in place to manage such unforeseen events.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sportking India Limited has promptly informed the stock exchanges about the incident. This transparency ensures that shareholders and potential investors are kept informed about significant events that may affect the company's operations.

Sportking India Limited's prompt response to the fire incident and its transparent communication with stakeholders demonstrate the company's commitment to operational resilience and regulatory compliance. As the situation develops, investors and stakeholders will likely keep a close watch on any updates regarding the extent of damage and potential impact on the company's financial performance.