{"id":179997,"date":"2026-02-09T04:23:37","date_gmt":"2026-02-09T09:23:37","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179997"},"modified":"2026-02-09T04:23:39","modified_gmt":"2026-02-09T09:23:39","slug":"sportking-india-limited-posts-q3-fy26-profit-growth-revenue-rises-on-export-demand","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/sportking-india-limited-posts-q3-fy26-profit-growth-revenue-rises-on-export-demand\/","title":{"rendered":"Sportking India Limited posts Q3 FY26 profit growth; revenue rises on export demand"},"content":{"rendered":"\n

Sportking India Limited (NSE: SPORTKING, BSE: 539221)<\/strong> reported higher revenue and profit for the quarter ended Dec. 31, 2025, supported by export demand and high capacity utilisation across its spinning operations, according to the company\u2019s investor presentation.<\/p>\n\n\n\n

Q3 FY26 performance<\/strong><\/h2>\n\n\n\n

Revenue from operations for the third quarter rose 5.9% year on year to Rs 645.9 crore<\/strong>, compared with Rs 609.7 crore<\/strong> a year earlier. Sequentially, revenue increased 2.9%<\/strong> from Rs 627.4 crore<\/strong> in Q2 FY26.<\/p>\n\n\n\n

Gross profit was Rs 151.1 crore<\/strong>, broadly flat year on year. The gross margin declined to 23.4%<\/strong> from 24.6%<\/strong> in Q3 FY25 due to higher input and power costs.<\/p>\n\n\n\n

EBITDA increased 10.8% to Rs 65.6 crore<\/strong>, with the EBITDA margin improving to 10.2%<\/strong> from 9.7%<\/strong> a year earlier. Profit before tax rose 33.3% to Rs 32.9 crore<\/strong>. Profit after tax increased 33.0% to Rs 24.6 crore<\/strong>, with the PAT margin improving to 3.8%<\/strong> from 3.0%<\/strong>.<\/p>\n\n\n\n

Exports accounted for 52%<\/strong> of Q3 FY26 revenue, while domestic sales contributed 48%<\/strong>. Yarn production and sales volumes remained stable. Capacity utilisation across units was above 95%<\/strong>, reflecting tight operating conditions.<\/p>\n\n\n\n

Nine-month FY26 results<\/strong><\/h2>\n\n\n\n

For the nine months ended Dec. 31, 2025, revenue from operations stood at Rs 1,859.1 crore<\/strong>, compared with Rs 1,895.4 crore<\/strong> in the prior-year period.<\/p>\n\n\n\n

Gross profit for the period increased to Rs 458.5 crore<\/strong>, with the gross margin improving to 24.7%<\/strong> from 23.5%<\/strong>. EBITDA rose 3.8% to Rs 200.5 crore<\/strong>, and the EBITDA margin improved to 10.8%<\/strong>.<\/p>\n\n\n\n

Profit before tax increased 12.9% to Rs 117.0 crore<\/strong>, while profit after tax rose 11.8% to Rs 87.0 crore<\/strong>. The company reported a PAT margin of 4.7%<\/strong>, up from 4.1%<\/strong> in the prior-year period.<\/p>\n\n\n\n

Operations and capacity<\/strong><\/h2>\n\n\n\n

Sportking operates three manufacturing units with a combined installed capacity of about 379,000 spindles<\/strong>. Capacity utilisation remained above 95%<\/strong> in Q3 FY26, supporting volume stability and operating leverage.<\/p>\n\n\n\n

The company has announced a greenfield expansion in Odisha<\/strong>. The first phase includes 150,000 spindles<\/strong>, representing about a 40% increase<\/strong> over the existing spindle base. The total planned outlay is about Rs 1,000 crore<\/strong>, to be funded through a mix of term loans and internal accruals. The project is expected to be completed within 12 to 15 months<\/strong>.<\/p>\n\n\n\n

Business mix and markets<\/strong><\/h2>\n\n\n\n

Sportking\u2019s revenue is split between domestic and export markets. Exports contributed a higher share in Q3 FY26, reflecting demand from international customers. The company supplies cotton yarns, dyed yarns, polyester-cotton blends, acrylic yarns and specialty yarns to customers in more than 30 countries<\/strong>.<\/p>\n\n\n\n

Strategic initiatives<\/strong><\/h2>\n\n\n\n

The company has received in-principle approval for the proposed merger of Marvel Dyers and Processors Pvt. Ltd. and the manufacturing facilities of Sobhagia Sales Pvt. Ltd. into Sportking India. The move is aimed at forward integration<\/strong> into fabrics and garments to improve value addition.<\/p>\n\n\n\n

Sportking has also invested in a special purpose vehicle for a 40.3 MW solar power project<\/strong>, with power supply expected to commence from March 2026. The company expects power cost savings of 10% to 12%<\/strong> once the project is operational.<\/p>\n\n\n\n

Sector context<\/strong><\/h2>\n\n\n\n

Management highlighted supportive policy measures for the textile sector, including free trade agreements, production-linked incentives and cluster development schemes. The company expects export opportunities to benefit from global sourcing diversification trends.<\/p>\n\n\n\n

Summary<\/strong><\/h2>\n\n\n\n

Sportking India reported higher quarterly profit on modest revenue growth in Q3 FY26, supported by strong operating leverage and export demand. Margins improved at the EBITDA and PAT levels, despite pressure on gross margins. The planned capacity expansion and forward integration initiatives are expected to support medium-term growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sportking India Limited (NSE: SPORTKING, BSE: 539221) reported higher revenue and profit for the quarter ended Dec. 31, 2025, supported by export demand and high capacity utilisation across its spinning operations, according to the company\u2019s investor presentation. Q3 FY26 performance Revenue from operations for the third quarter rose 5.9% year on year to Rs 645.9 […]<\/p>\n","protected":false},"author":2409,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,5],"tags":[15998,15997,14557,14565,16002,16000,15995,16004,16003,15745,15062,15999,16001,15996],"class_list":["post-179997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-latest","tag-bse-539221","tag-capacity-expansion","tag-corporate-earnings","tag-ebitda-margin","tag-export-growth","tag-greenfield-project-odisha","tag-investor-presentation","tag-nine-months-fy26-results","tag-nse-sportking","tag-profit-growth","tag-q3-fy26-results","tag-sportking-india","tag-textile-industry-india","tag-yarn-manufacturer"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153429,"url":"https:\/\/alphastreet.com\/india\/sportking-india-ltd-q1fy24-78-fall-in-profits\/","url_meta":{"origin":179997,"position":0},"title":"Sportking India Ltd Q1FY24; 78% fall in Profits","author":"Chirag Gupta","date":"August 14, 2023","format":false,"excerpt":"Sportking India Limited, a part of the Sportking Group, is a textile manufacturing company engaged in the production of Yarns (Cotton Yarn, Synthetic Yarn, Blended Yarn), fabrics and garments. 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