{"id":180631,"date":"2026-02-13T07:46:30","date_gmt":"2026-02-13T12:46:30","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180631"},"modified":"2026-02-13T07:46:30","modified_gmt":"2026-02-13T12:46:30","slug":"s-p-apparels-reports-27-net-income-growth-for-first-nine-months-of-fy26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/s-p-apparels-reports-27-net-income-growth-for-first-nine-months-of-fy26\/","title":{"rendered":"S.P. Apparels Reports 27% Net Income Growth for First Nine Months of FY26"},"content":{"rendered":"\n<p><em>Consolidated nine-month revenue rises 21.9% to \u20b912,137.3 million as garment manufacturer executes geographical expansion. SPUK division returns to profitability amid capacity scaling in Indian and Sri Lankan facilities.<\/em><\/p>\n\n\n\n<p>S.P. Apparels Limited (NSE: SPAL) recorded a 27.3% year-over-year increase in consolidated profit after tax (PAT) for the first nine months of fiscal year 2026, reaching \u20b9823.6 million. Consolidated revenue from operations for the period grew 21.9% to \u20b912,137.3 million. These results reflect sustained volume growth in core garment manufacturing and an operational turnaround in the company\u2019s international business segments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategic Moves Drive Improved Bottom Line<\/strong><\/h2>\n\n\n\n<p>The results disclosure, presented on February 12, 2026, details a period of significant operational scaling and strategic acquisition integration. A primary driver for the improved bottom line was the performance of S.P. Apparels (UK) (SPUK), which reported a positive EBITDA of \u20b918.7 million for the nine-month period, recovering from a loss of \u20b917.2 million in the prior year. Furthermore, the company has progressed with the integration of Young Brand Apparel Private Limited (YBAL), a move designed to facilitate its entry into the intimate wear export market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Solid Earnings Growth and Margin Expansion<\/strong><\/h2>\n\n\n\n<p>For the nine-month period ending December 2025, consolidated EBITDA rose 29.7% to \u20b91,731.8 million, with EBITDA margins expanding to 14.3% from 13.4% in the corresponding period of the previous year. For the third quarter (Q3 FY26), revenue climbed 6.6% year-over-year to \u20b93,829.5 million, while PAT reached \u20b9270.0 million, a 9.1% increase. Earnings per share for the nine-month period stood at \u20b932.8, up from \u20b925.8 a year earlier. Standalone operations in Tirupur contributed \u20b98,513.5 million in adjusted operational revenue for the first nine months, representing a 20.8% increase.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Expanding Manufacturing Capacity and Retail Footprint<\/strong><\/h2>\n\n\n\n<p>Management&#8217;s strategy focuses on capacity expansion and geographical diversification to drive future revenue growth. In India, the company plans to add approximately 1,000 machines by the end of FY26. Capacity utilization in the garmenting division stood at 71.0% for 9M FY26, down from 85.0% in FY25, a decrease attributed to the addition of new machinery and the impact of U.S. tariff policies. In Sri Lanka, where operations commenced in January 2025, SPAL intends to scale capacity to 2,000 machines by FY27 using an asset-light acquisition model targeting customer-approved factories. The retail division, featuring brands such as Crocodile and Angel &amp; Rocket, reported a 98% revenue increase between FY21 and FY25 and continued to post positive EBITDA during the latest quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Expansion of Indian Textile Export Market<\/strong> <\/h2>\n\n\n\n<p>The company\u2019s performance is situated within a broader projected expansion of the Indian textile export market, which is expected to reach $65 billion by 2026. Industry growth is currently supported by &#8220;China Plus One&#8221; sourcing diversification and the anticipated benefits of Free Trade Agreements (FTAs) with the United Kingdom and European Union. These macroeconomic factors, combined with government incentive schemes such as the Rebate of State and Central Taxes and Levies (RoSCTL), are intended to enhance the export competitiveness and profitability of Indian apparel manufacturers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consolidated nine-month revenue rises 21.9% to \u20b912,137.3 million as garment manufacturer executes geographical expansion. SPUK division returns to profitability amid capacity scaling in Indian and Sri Lankan facilities. S.P. Apparels Limited (NSE: SPAL) recorded a 27.3% year-over-year increase in consolidated profit after tax (PAT) for the first nine months of fiscal year 2026, reaching \u20b9823.6 [&hellip;]<\/p>\n","protected":false},"author":2380,"featured_media":125416,"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":[392,1941,6351],"tags":[8888,8818],"class_list":["post-180631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-stock-analysis","category-consumer-stocks","tag-apparel-manufacturing","tag-consumer-cyclical"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153460,"url":"https:\/\/alphastreet.com\/india\/s-p-apparels-ltd-q1fy24-42-fall-in-profits\/","url_meta":{"origin":180631,"position":0},"title":"S P Apparels Ltd Q1FY24; 42% fall in Profits","author":"Chirag Gupta","date":"August 14, 2023","format":false,"excerpt":"The company was established in 1989, it is a leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at the integrated facilities that allow providing end-to-end garment manufacturing services from greige fabric to finished products. , Mr. P. Sundararajan is the Chairman and\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-925.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-925.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-925.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-925.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-925.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-925.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":180635,"url":"https:\/\/alphastreet.com\/india\/vedant-fashions-ltd-stock-slips-as-q3-fy26-revenue-profit-contract\/","url_meta":{"origin":180631,"position":1},"title":"Vedant Fashions Ltd stock slips as Q3 FY26 revenue, profit contract","author":"Staff Correspondent","date":"February 13, 2026","format":false,"excerpt":"Vedant Fashions Ltd (NSE: MANYAVAR, BSE: 543463) shares closed at about \u20b9460.55 on the NSE on February 13, 2026, trading lower by approximately 1.1% during the session, reflecting market reaction to latest financial disclosures. Market Capitalization The company\u2019s market capitalization stood near \u20b911,400 crore at the latest close. Latest Quarterly\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179614,"url":"https:\/\/alphastreet.com\/india\/avalon-technologies-limited-q3-fy26-results-show-strong-year-on-year-growth\/","url_meta":{"origin":180631,"position":2},"title":"Avalon Technologies Limited Q3 FY26 Results Show Strong Year-on-Year Growth","author":"Staff Correspondent","date":"February 5, 2026","format":false,"excerpt":"Avalon Technologies Limited (NSE: AVALON, BSE: 543896) reported strong financial results for the third quarter ended December 31, 2025. The company\u2019s Board of Directors approved the unaudited consolidated and standalone results in a meeting held on February 4, 2026, according to regulatory filings. 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Financial Results: Monte Carlo Fashions Ltd reported Revenues for Q1FY24 of \u20b9139.00 Crores up from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-326.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-326.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-326.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-326.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-326.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-326.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177088,"url":"https:\/\/alphastreet.com\/india\/cyient-dlm-ltd-shares-fall-after-q3-fy26-results\/","url_meta":{"origin":180631,"position":4},"title":"Cyient DLM Ltd Shares Fall After Q3 FY26 Results","author":"Staff Correspondent","date":"January 20, 2026","format":false,"excerpt":"Cyient DLM Ltd (NSE: CYIENTDLM, BSE: 543933) shares closed at approximately \u20b9366.3 on Wednesday, down about 2.6% from the previous session, after the company reported its third-quarter financial results for fiscal year 2026. Market Capitalization At the latest close, Cyient DLM\u2019s market capitalization stood at around \u20b92,900 crore. Latest Quarterly\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140897,"url":"https:\/\/alphastreet.com\/india\/aether-industries-ltd-nse-aether-q3-fy23-results-out-total-income-rises-10-yoy\/","url_meta":{"origin":180631,"position":5},"title":"Aether Industries Ltd. (NSE: AETHER): Q3 FY23 Results Out; Total Income Rises 10% YoY","author":"Divyansh_Kasana","date":"February 10, 2023","format":false,"excerpt":"Aether Industries Ltd (NSE: AETHER), a specialty chemicals manufacturer in India, has reported its Q3FY23 results. The company recorded a total revenue of Rs 1,705 million in Q3FY23, which represents a growth of 16% compared to Q2FY23 and 11% YoY compared to Q3FY22. The EBITDA of Rs 507 million increased\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2380"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=180631"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180631\/revisions"}],"predecessor-version":[{"id":180632,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180631\/revisions\/180632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=180631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=180631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=180631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}