SP Apparels Approves Final Dividend, Recommends 1:5 Stock Split, and Reports Q1 FY27 Results
S. P. Apparels Limited announced its Q1 FY27 results, with consolidated revenue at ₹401.08 crore and PAT at ₹24.87 crore. The Board approved a final dividend of ₹3 per share and recommended a 1:5 stock split. The 21st AGM is scheduled for September 21, 2026.
The combination of strong financial performance, a proposed stock split to improve liquidity, and a dividend payout are significant events that are likely to have a substantial impact on the company's stock and investor sentiment.
The company reported positive financial results with sequential and year-on-year growth in revenue and profits. The recommendation of a stock split and final dividend further enhances shareholder value.
S. P. Apparels Limited announced a series of significant corporate actions following its Board Meeting held on August 11, 2026. The Board approved the standalone and consolidated un-audited financial results for the quarter ended June 30, 2026.
Additionally, the Board recommended a final dividend of ₹3.00 per share (30%) for the financial year ended March 31, 2026, to be paid within 30 days of the AGM. The record date for dividend payout is set as September 4, 2026.
A major decision was the approval of a sub-division (stock split) of existing equity shares of face value ₹10 into five equity shares of face value ₹2 each. This move, aimed at enhancing liquidity and encouraging participation from small investors, is subject to shareholder and regulatory approvals. The alteration in the Memorandum of Association regarding the authorized share capital was also approved.
The Board also approved alterations to the SPAL Employee Stock Option Plan 2024 and its Schemes A & B, necessitated by the proposed stock split, pending shareholder approval.
Further, the company has scheduled its 21st Annual General Meeting (AGM) to be held virtually on September 21, 2026. The Register of Members and share transfer books will be closed from September 15, 2026, to September 21, 2026, for the AGM. The cut-off date for remote e-voting eligibility is fixed as September 14, 2026.
In terms of financial performance for Q1 FY27 (ended June 30, 2026), consolidated revenue from operations stood at ₹401.08 crore (₹4,010.8 million), an increase of 9.9% sequentially from Q4 FY26. EBITDA grew by 37.5% QoQ to ₹61.36 crore (₹613.6 million), with an improved EBITDA margin of 15.3%. Profit After Tax (PAT) saw a substantial growth of 33.8% QoQ, reaching ₹24.87 crore (₹248.7 million).
On a standalone basis, for Q1 FY27, revenue from operations was ₹265.94 crore (₹2,659.4 million). Adjusted EBITDA increased by 6.7% YoY to ₹46.58 crore (₹465.8 million), with an improved margin of 17.5%. PAT grew by 33.4% YoY to ₹26.54 crore (₹265.4 million).
What to do with a filing like this
S. P. Apparels Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by S. P. Apparels Limited. Read the original for the full detail.