Sportking India Limited Reports Audited Financial Results for FY26, Announces Strategic Acquisitions
Sportking India Limited, a leading textile conglomerate, announced its audited financial results for the quarter and year ended March 31, 2026, signaling sustained operational growth and commitment to expansion. The company also detailed its progress on strategic acquisitions and greenfield projects.Q4 FY26 Performance Highlights
During the fourth quarter of the fiscal year 2026, the company reported several key operational and financial metrics. Total Production Volume stood at 20,527 MT for Q4 FY26, compared to 20,956 MT in Q4 FY25. Yarn Sales Volume reached 21,052 MT, compared to 21,038 MT in Q4 FY25. The company maintained strong operational efficiency, with Capacity Utilization reaching 96% for Q4 FY26.Financially, Revenue from operations for Q4 was Rs 636.8 Crs, marking a marginal increase of 1.3% year over year (YoY). For the full fiscal year 2026, the revenue remained stable at Rs 2,495.9 Crs. Exports were a significant contributor, accounting for 48.7% of the total revenue in Q4 FY26.
The company's EBITDA for Q4 FY26 was Rs 85.4 Crs, reflecting a 16.1% increase YoY. The EBITDA Margin for the quarter improved by 172 basis points (bps) year over year, reaching 13.4%. For the full year FY26, EBITDA increased by 7.2% to Rs 286 Crs, resulting in an EBITDA margin of 11.5%, an increase of 89 bps YoY.
Profit After Tax (PAT) for Q4 FY26 was Rs 32.8 Crs, registering a 7.3% degrowth YoY. This dip was attributed to negative other income of Rs 7.9 crores during the quarter, which arose from mark-to-market (MTM) provisions made on foreign exchange. For the full year FY26, PAT stood at Rs 119.7 Crs, an increase of 5.8% YoY, with a PAT margin of 4.8%, up 31 bps YoY.
The Board also recommended a Final Dividend of Rs 1/- per equity share for FY 2025-26, subject to shareholder approval.
Financial Performance Overview
The following table provides a detailed comparison of key financial parameters across the quarters and fiscal years.| Particulars (Rs. Crs) | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|---|---|
| Operational Revenue | 636.8 | 628.8 | 1.3% | 645.9 | -1.4% | 2,495.9 | 2,524.2 | -1.1% |
| Gross Profit | 170.9 | 166.6 | 2.5% | 151.1 | 13.1% | 629.3 | 612.7 | 2.7% |
| Gross Margin | 26.8% | 26.5% | +33 bps | 23.4% | +344 bps | 25.2% | 24.3% | +94 bps |
| EBITDA | 85.4 | 73.6 | 16.1% | 65.6 | 30.2% | 286.0 | 266.8 | 7.2% |
| EBITDA Margin | 13.4% | 11.7% | +172 bps | 10.2% | +325 bps | 11.5% | 10.6% | +89 bps |
| Profit After Tax | 32.8 | 35.3 | -7.3% | 24.6 | 33.2% | 119.7 | 113.1 | 5.8% |
| PAT Margin | 5.1% | 5.6% | -47 bps | 3.8% | +134 bps | 4.8% | 4.5% | +31 bps |
| EPS | 2.6 | 2.8 | 1.9 | 9.4 | 8.9 |
Strategic Investments and Mergers
The Board of Directors approved two major strategic transactions. The first approval was for the acquisition of a majority stake in Marvel Dyers and Processors Private Limited. Additionally, the company approved the acquisition of Sobhagia Sales Private Limited's business on a slump sale basis, pending the completion and execution of definitive agreements. Sportking India Limited also plans to enter into a long-term lease agreement with Sobhagia Sales Private Limited for the manufacturing facility's land and building, subject to mutually agreed terms.Path Forward and Expansion
Mr. Munish Avasthi, Chairman & Managing Director, highlighted the Company’s steady performance in Q4 and FY26, noting that profitability improved despite market challenges due to stronger operational efficiency and margin expansion. He attributed the strong quarter to higher yarn sales and improved realizations, particularly amid elevated global cotton prices.The Chairman noted that while global geopolitical tensions, such as the U.S.-Iran conflict, created headwinds and supply chain disruptions, the company remains resilient. Sportking India Limited is continuing to invest in a large-scale greenfield expansion valued at approximately 1,000 crores. This expansion is set to significantly increase the spindle count by 1,50,000. The land for this project has been secured, advances for machinery have been made, and construction activities have commenced. Commercial operations at the expanded facility are expected to begin in the third quarter of the financial year.
SPORTKING Stock Price Movement
As of 12:17 PM, shares of Sportking India Limited are slipping by 1.50% in live trading, currently trading at ₹145.59. The equity has seen high intraday activity, with 287,833 shares traded in the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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