Leading textile company, Sportking India’s Q4, FY25 net profit increased by 58 per cent to Rs 360 million ($4.3 million), as against Rs 230 million in the same quarter last year.
The company registered a 3 per cent rise in revenue to Rs 6.29 billion during the quarter, compared to Rs 6.11 billion in the corresponding quarter of the previous fiscal year.
For full FY24, the company reported revenues worth Rs 25.24 billion with a net profit of Rs 1.09 billion.
According to Munish Avasthi, Chairman and Managing Director, the company’s Q4 performance continued the strong trajectory established in the earlier quarters, with strong export revenue growth and margin expansion due to softer input costs contributing to a 58 per cent Y-o-Y increase in profit after tax.”
Supported by healthy demand trends and stable input costs, domestic operating environment continues to be favorable, helping the company maintain yarn spread levels. Combined with its strength in efficient manufacturing, prudent resource management, and a steadfast commitment to quality, this enables the company to sustain its growth momentum into the next financial year, he adds.
Founded in 1989, Sportking owns three manufacturing facilities in India equipped to produce a diversified range of textiles to cater to the demands of the weaving and knitting industry.
