Leading textile firm Sportking India Ltd reported strong profitability amid 96% utilization.
Q3 FY26 (₹ Cr): Revenue 646 (+6% YoY), exports 48% (₹309). Gross profit 151 (23.4% margin), EBITDA 66 (+11% YoY, 10.2% margin), PAT 25 (+33% YoY, 3.8% margin).
9M FY26: Revenue 1,859 (-2% YoY), exports 53% (+6% YoY ₹985). Gross profit 459 (+3% YoY, 24.7% margin), EBITDA 201 (+4% YoY, 10.8% margin), PAT 87 (+12% YoY, 4.7% margin).
Ops: Q3 production 21,073 MT (+4% YoY), yarn sales 21,278 MT (+0.3% YoY); 96% utilization.
Highlights:
Domestic sales +29% YoY offsets export softness.
Greenfield capex (~₹1,000 Cr spindle expansion): Land paid, machinery advances, groundbreaking done.
CMD Munish Avasthi: "Stable ops via efficiency/cost control. Domestic momentum; US/EU pacts boost exports. Expansion cements leadership."
Sportking breaks ground for capacity surge.