Sportking India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SPORTKING · price
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Sportking India reported FY2026 revenue of Rs 2,52,423 Lakhs vs Rs 2,49,586 Lakhs in FY2025, showing marginal ~1% growth. PAT improved to Rs 11,972 Lakhs from Rs 11,315 Lakhs (~5.8% increase). The company received an un-modified (clean) audit opinion from statutory auditors SCV & Co. LLP with no qualifications. The board recommended a dividend of Rs 1 per share (Rs 1,270.72 Lakhs) subject to shareholder approval. The company also approved two related party acquisitions - majority stake in Marvel Dyers (dyeing business, turnover Rs 5,583 Lakhs) and slump sale acquisition of Sobhagia Sales manufacturing facilities (readymade garments, turnover Rs 9,972 Lakhs). Financial statements were restated retrospectively due to a change in raw material valuation policy to weighted average basis. A fire incident caused a loss of Rs 3,171 Lakhs netted against insurance recoveries. Separately, the Odisha greenfield expansion (150,000 spindles) achieved financial closure with construction commenced.
Clean audit with PAT growth provides stability; however, revenue growth is modest at ~1%. The strategic acquisitions and expansion signal growth ambitions but involve related party transactions requiring shareholder scrutiny. Restatement of prior period figures may attract regulatory attention.