Sportking India Limited has informed the Exchange about Financial Results (Revised)
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sportking India Limited reported audited standalone financial results for FY 2025-26 ending March 31, 2026. Revenue from operations stood at Rs. 252,422.94 Lakhs, representing strong growth compared to the previous year. Profit Before Tax was Rs. 16,094.90 Lakhs and Profit After Tax was Rs. 11,972.38 Lakhs with EPS of Rs. 9.39. The company has voluntarily changed its raw material valuation accounting policy to weighted average basis with retrospective effect, resulting in restatement of prior period figures. A fire incident at one manufacturing facility caused a loss of Rs. 3,171.29 Lakhs, netted with insurance recoveries. The Board also approved two related party acquisitions: majority stake in Marvel Dyers and Processors Private Limited (dyeing/finishing business, FY25 turnover Rs. 5,582.80 Lakhs) and a slump sale acquisition of manufacturing facilities from Sobhagia Sales Private Limited (readymade garments business, FY25 turnover Rs. 9,972.27 Lakhs). A final dividend of Rs. 1 per share was recommended. The Odisha greenfield expansion (150,000 spindles) is progressing with financial closure completed.
Clean audit opinion confirms financial reliability. Strong revenue growth signals healthy business momentum. Related party acquisitions in new business segments (garments) expand the company's scope, though details and valuation terms are yet to be finalized. The accounting restatement is voluntary and management-driven for better reporting quality.