SP Apparels Board Approves Q1 FY27 Results, Recommends Dividend, Proposes 1:5 Stock Split
S. P. Apparels Limited reported Q1 FY27 consolidated revenue of ₹401.08 crore and PAT of ₹24.87 crore. Standalone PAT grew 33.4% YoY to ₹26.54 crore. The Board recommended a final dividend of ₹3 per share and approved a 1:5 stock split, subject to shareholder approval. The 21st AGM is scheduled for September 21, 2026.
The announcement includes financial results, a dividend recommendation, and a stock split, all of which are material events for investors and can significantly impact the company's stock price and investor perception.
The company reported positive financial results with year-on-year growth in revenue and profit, recommended a dividend, and proposed a stock split to enhance liquidity, all of which are positive indicators.
S. P. Apparels Limited announced the outcome of 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.
Key financial highlights for Q1 FY27 include:
On a consolidated basis, Revenue from Operations was ₹401.08 crore (₹4,010.8 million), an increase of 9.9% sequentially from Q4 FY26. EBITDA stood at ₹61.36 crore (₹613.6 million), up 37.5% QoQ, with an EBITDA margin of 15.3%. Profit after Tax was ₹24.87 crore (₹248.7 million), a growth of 33.8% QoQ.
On a standalone basis, Adjusted Revenue from Operations was ₹265.94 crore (₹2,659.4 million). Adjusted EBITDA was ₹46.58 crore (₹465.8 million), a year-on-year growth of 6.7%, with an EBITDA margin of 17.5%. Profit after Tax was ₹26.54 crore (₹265.4 million), a YoY growth of 33.4%.
The Board also recommended a final dividend of ₹3.00 per share (30%) for the financial year ended March 31, 2026. The dividend will be paid within 30 days from the AGM, with a record date of September 4, 2026.
Furthermore, the Board approved a sub-division/split of existing equity shares of face value ₹10 into 5 equity shares of face value ₹2 each. This is subject to shareholder approval at the upcoming 21st Annual General Meeting (AGM) and other regulatory approvals. The rationale behind the split is to encourage participation from small investors and enhance liquidity.
The Register of Members and share transfer books will be closed from September 15, 2026, to September 21, 2026, for the purpose of the 21st AGM. The cut-off date for remote e-voting eligibility is September 14, 2026. The 21st AGM will be held virtually on September 21, 2026.
Alterations to the SPAL Employee Stock Option Plan 2024 & its Scheme A & B were also approved, necessitated by the share split, pending shareholder approval. The Board Meeting commenced at 1:00 PM and concluded at 3:40 PM.
What to do with a filing like this
S. P. Apparels Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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.