- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Sportking India posted a strong Q3 FY26! Revenue jumped 6% YoY to Rs 646 Cr, while Profit After Tax (PAT) soared 33% YoY to Rs 25 Cr. For the nine-month period, PAT rose 12% YoY to Rs 87 Cr, despite a 2% revenue dip to Rs 1,859 Cr. Capacity utilization remains excellent at over 95%.
The company is gearing up for major growth, planning a massive 40% capacity expansion with 1.5 lakh new spindles in Odisha (approx. Rs 1000 Cr investment). Strategic forward integration is on the cards with planned mergers of fabric dyeing (Marvel Dyers) and garment manufacturing (Sobhagia Sales) units. Also, a Rs 14.10 Cr investment in a solar plant will cut power costs by 10-12% from March 2026, boosting sustainability.
Management is bullish on India's textile sector, seeing huge opportunities from the 'China +1' strategy and government support. They expect exports to hit $100 billion by FY30, positioning Sportking for continued success.