Sportking India LimitedQ2 FY27 Results & Financial Update
Sportking India Limited: Q2 FY27 standalone results and company financials – revenue ₹781.05 Cr, PAT ₹96.36 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Sportking India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Sportking India Limited posted revenue from operations of INR 781.05 crore for the quarter ended September 30, 2026, marking an increase of 10.63% from INR 705.99 crore reported in the preceding quarter ended June 30, 2026.
Total income for Q2 FY27 stood at INR 781.88 crore, compared to INR 705.99 crore in Q1 FY27, inclusive of other income of INR 0.83 crore.
Profit before tax (PBT) expanded by 26.87% sequentially to INR 129.66 crore from INR 102.20 crore in the previous quarter.
Profit after tax (PAT) for the quarter rose by 26.83% sequentially to INR 96.36 crore, compared to INR 75.97 crore in Q1 FY27.
Basic and diluted earnings per share (EPS) for Q2 FY27 rose to INR 7.58, up from INR 5.98 in the previous quarter.
The net profit margin improved significantly during the quarter, moving from 10.76% in Q1 FY27 to 12.34% in Q2 FY27, reflecting an expansion of roughly 158 basis points.
Profitability was notably supported by an accounting estimate revision regarding plant and machinery useful life, which reduced the quarterly depreciation charge by INR 8.02 crore.
01 · Business model
What does Sportking India do?
Sportking India Limited operates as a single-segment textile business engaged in manufacturing and exporting yarn and related textile products, holding a government-recognised Four Star Export House status.
The company's primary manufacturing footprints are located across Punjab, operating facilities such as Sportking Synthetics near Sahnewal, Sportking Processor near Barmalipur, and Sportking Industries in Bathinda.
Revenue generation is predominantly anchored in textile production and sales, supported by domestic and international distribution channels serving diverse textile markets.
02 · Historical context
What shaped the business before this quarter
Previously, the company maintained an estimated useful life of 7.50 years for specific categories of plant and machinery computed on a triple shift basis.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹781.05 Cr | ₹705.99 Cr |
| Total income | ₹781.88 Cr | ₹705.99 Cr |
| Profit before tax | ₹129.66 Cr | ₹102.20 Cr |
| Profit after tax | ₹96.36 Cr | ₹75.97 Cr |
| EPS | ₹7.58 | ₹5.98 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 12.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 16.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.83 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations grew by 10.63% quarter-on-quarter to reach INR 781.05 crore in Q2 FY27.
What drove margins
The company reassessed the useful life of specific plant and machinery assets from 7.50 years to 10 years on a triple shift basis effective July 01, 2026, reducing depreciation expense for Q2 FY27 by INR 8.02 crore.
PAT margin improved by approximately 158 basis points sequentially, rising from 10.76% in Q1 FY27 to 12.34% in Q2 FY27.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates entirely within a single primary business segment focused on the textile industry.
06 · Reported developments
What changed operationally
Both PBT and PAT registered double-digit sequential growth rates exceeding 26% compared to the quarter ended June 30, 2026.
07 · Items worth noticing
The line items that can distort a quick read
A prospective revision in the useful life of plant and machinery under Ind AS 8 lowered the depreciation charge by INR 8.02 crore during the quarter.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash flows from operating activities stood at INR 218.73 crore, backed by a profit before tax of INR 231.87 crore.
Cash outflow towards the purchase of property, plant, and equipment (including capital work-in-progress) reached INR 208.62 crore for the half-year period.
Capital allocation & funding
Non-current borrowings were reported at INR 294.94 crore as of September 30, 2026.
Current borrowings stood at INR 250.25 crore as of September 30, 2026.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Review
The standalone unaudited financial results for the quarter and half year ended September 30, 2026, were subjected to a limited review by statutory auditors SCV & Co. LLP.
10 · Previous-quarter changes
What changed since the previous quarter
Operating revenue increased from INR 705.99 crore in Q1 FY27 to INR 781.05 crore in Q2 FY27.
11 · Key Q&A
The quarter, answered directly
What does Sportking India do?
Sportking India Limited operates as a single-segment textile business engaged in manufacturing and exporting yarn and related textile products, holding a government-recognised Four Star Export House status.
What is the clearest takeaway from Q2 FY27?
Sportking India Limited posted revenue from operations of INR 781.05 crore for the quarter ended September 30, 2026, marking an increase of 10.63% from INR 705.99 crore reported in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Revenue from operations grew by 10.63% quarter-on-quarter to reach INR 781.05 crore in Q2 FY27.
What mattered most for margins or profitability?
The company reassessed the useful life of specific plant and machinery assets from 7.50 years to 10 years on a triple shift basis effective July 01, 2026, reducing depreciation expense for Q2 FY27 by INR 8.02 crore.
What changed operationally beyond the headline numbers?
The standalone unaudited financial results for the quarter and half year ended September 30, 2026, were subjected to a limited review by statutory auditors SCV & Co. LLP.
What should the next disclosure help confirm?
Monitor future gross and net margins to assess whether operational profitability holds post the depreciation accounting revision.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sustained Operational Margins: Monitor future gross and net margins to assess whether operational profitability holds post the depreciation accounting revision.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.