Sportking India Reports Steady Growth In Q3 FY25 With Record Exports

Sportking India Limited, one of India’s prominent textile conglomerates, has announced its financial results for the third quarter (Q3) and nine months ending December 31, 2024. The company delivered steady growth in revenue, achieved its highest-ever quarterly exports, and reported improved margins across all fronts on a yearly basis.
For Q3 FY25, Sportking reported revenue from operations of ₹609.7 crore, reflecting a 1.8% year-on-year (YoY) growth. Exports played a significant role, contributing approximately 57% of the revenue and registering an impressive 18.7% growth compared to Q3 FY24. The company’s EBITDA stood at ₹57.0 crore, marking a 17.2% YoY increase, with the EBITDA margin improving by 123 basis points (bps) to reach 9.4%. Profit After Tax (PAT) for the quarter was ₹16.3 crore, showcasing an 18.0% YoY rise, and the PAT margin expanded by 37 bps.
For the nine months of FY25, revenue from operations grew by 7.3% YoY to ₹1,895.4 crore, with exports contributing 50% of the total revenue. EBITDA for the period increased by 36.6% to ₹188.6 crore, with the margin improving by 213 bps to 9.9%. The PAT for the nine months was ₹73.1 crore, up by an impressive 54.0% YoY, with the PAT margin expanding by 117 bps.
Operationally, the company reported a total production volume of 20,336 MT for the quarter, while yarn sales volume reached 21,214 MT. Capacity utilization remained strong at 95%, further emphasizing the efficiency of its operations.
Commenting on the results, Mr. Munish Avasthi, Chairman and Managing Director of Sportking India, highlighted the company’s resilience amidst mixed market conditions. He noted that while domestic demand was subdued due to inflationary pressures during the festive quarter, the company achieved its highest-ever export performance, supported by robust demand in key markets like Bangladesh. He added that inflationary pressures showed signs of easing in the latter part of the quarter, while cotton prices remained stable, with some softening towards the end of the harvest season.
Mr. Avasthi expressed optimism about the future, citing favorable market conditions, stable cotton prices, and potential improvements in cotton-yarn spreads as key growth drivers. He emphasized the company’s ability to adapt to different economic environments and its strong foundation in both domestic and export markets, supported by quality manufacturing and deep industry relationships.
Looking ahead, Sportking India remains committed to leveraging its operational strengths and market expertise to drive sustained growth in both domestic and international markets. With easing inflation and robust export demand, the company is well-positioned to maintain its growth trajectory in the coming quarters.