Sportking India Q1 FY27 Revenue Up 20.1% to ₹703.7 Crore, PAT Surges 122.8% to ₹76 Crore
Sportking India reported a strong Q1 FY27 with revenue up 20.1% YoY to ₹703.7 Crs and PAT surging 122.8% YoY to ₹76 Crs. EBITDA grew 90.3% to ₹132.2 Crs. The 1,50,000-spindle Odisha expansion project is on track for Q3 FY27 production start. A solar power project was commissioned, expected to save 12-13% on power costs.
The substantial year-on-year growth in key financial metrics, particularly PAT and EBITDA, along with positive commentary on future outlook and progress on major expansion projects, indicates a significant positive impact on the company's performance and investor confidence.
The company reported significant year-on-year growth in revenue, gross profit, EBITDA, and PAT, along with improved margins. Positive commentary from the Chairman & Managing Director regarding future prospects and ongoing expansion projects further supports a positive sentiment.
Sportking India Limited announced its unaudited financial results for the quarter ended 30th June 2026, reporting a strong start to FY27. The company's revenue from operations stood at ₹703.7 Crs, marking a robust increase of 20.1% year-on-year. Gross Profit grew by 46.0% YoY to ₹228.0 Crs, driven by improved realisations and enhanced spreads. EBITDA for Q1 FY27 was ₹132.2 Crs, an impressive increase of 90.3% YoY, with the EBITDA Margin improving by 692.6 basis points to 18.8%. Profit Before Tax (PBT) registered a growth of 119.9% YoY to ₹102.2 Crs. Consequently, Profit After Tax (PAT) for Q1 FY27 was ₹76.0 Crs, a significant surge of 122.8% YoY, with a PAT margin of 10.8%, expanding by 497.6 basis points year-on-year.
Total production volume for the quarter stood at 20,120 MT, and yarn sales volume was 20,492 MT. The company's greenfield expansion project in Odisha, adding 1,50,000 spindles, is on track, with the first phase of production expected to commence in the third quarter of the current fiscal year. Additionally, the commercial operations of the solar power project have begun, which is anticipated to result in annual power cost savings of approximately 12-13% and improved operational efficiency.
Commenting on the results, Mr. Munish Avasthi, Chairman & Managing Director, expressed satisfaction with the strong performance, attributing it to improved realisations, healthy spreads, and a focus on operational excellence. He noted the evolving textile industry landscape, including stable demand in key export markets like Europe and the positive impact of the India-UK Free Trade Agreement. The company remains optimistic about future demand prospects, supported by the upcoming festive season and improving domestic and international market sentiment. The temporary removal of import duty on cotton is also expected to benefit the textile value chain. Sportking India remains confident in its long-term prospects and is well-positioned for growth.
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