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SPORTKING Q4 Results 2024
Sportking's Q4 Results shows that the sales grew from exports. They recommended a dividend, and their net income rose. They make clothes and fabrics, and their earnings improved.
by S Samayanka
Updated Apr 29, 2024
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Sportking India Limited
Sportking India Limited is a big company in India that makes and sells things made of yarn, like clothes and fabrics. They started in 1977 and have grown to have several factories in India.
They make high-quality products using advanced technology and sell them in India and to other countries around the world. They have been known for being creative and following the most recent textile and fashion trends.
SPORTKING Q4 Results
QUARTERLY RESULTS OF SPORTKING INDIA (in Rs. Cr.) |
MAR '24 |
DEC '23 |
SEP '23 |
JUN '23 |
MAR '23 |
|
| Net Sales/Income from operations | 611.18 | 598.70 | 628.34 | 538.92 | 533.67 | |
| Other Operating Income | -- | -- | -- | -- | -- | |
| Total Income From Operations | 611.18 | 598.70 | 628.34 | 538.92 | 533.67 | |
| EXPENDITURE | ||||||
| Consumption of Raw Materials | 415.17 | 434.15 | 441.24 | 412.00 | 380.10 | |
| Purchase of Traded Goods | 0.04 | 0.01 | 0.32 | 0.42 | 0.00 | |
| Increase/Decrease in Stocks | 10.66 | -9.28 | 28.40 | -28.42 | 0.15 | |
| Power & Fuel | -- | -- | -- | -- | -- | |
| Employees Cost | 36.71 | 36.31 | 34.25 | 32.15 | 31.13 | |
| depreciat | 21.85 | 22.13 | 21.65 | 20.26 | 13.88 | |
| Excise Duty | -- | -- | -- | -- | -- | |
| Admin. And Selling Expenses | -- | -- | -- | -- | -- | |
| R & D Expenses | -- | -- | -- | -- | -- | |
| Provisions And Contingencies | -- | -- | -- | -- | -- | |
| Exp. Capitalised | -- | -- | -- | -- | -- | |
| Other Expenses | 81.46 | 88.85 | 84.55 | 72.98 | 66.55 | |
| P/L Before Other Inc. , Int., Excpt. Items & Tax | 45.27 | 26.53 | 17.93 | 29.54 | 41.85 | |
| Other Income | 2.91 | 7.69 | 19.84 | 5.26 | 2.28 | |
| P/L Before Int., Excpt. Items & Tax | 48.18 | 34.22 | 37.78 | 34.80 | 44.14 | |
| Interest | 16.60 | 15.58 | 16.47 | 10.42 | 2.29 | |
| P/L Before Exceptional Items & Tax | 31.58 | 18.64 | 21.31 | 24.38 | 41.85 | |
| Exceptional Items | -- | -- | -- | -- | -- | |
| P/L Before Tax | 31.58 | 18.64 | 21.31 | 24.38 | 41.85 | |
| Tax | 8.72 | 4.84 | 5.80 | 6.20 | 10.99 | |
| P/L After Tax from Ordinary Activities | 22.86 | 13.80 | 15.51 | 18.18 | 30.86 | |
| Prior Year Adjustments | -- | -- | -- | -- | -- | |
| Extra Ordinary Items | -- | -- | -- | -- | -- | |
| Net Profit/(Loss) For the Period | 22.86 | 13.80 | 15.51 | 18.18 | 30.86 | |
| Equity Share Capital | 12.87 | 12.87 | 12.87 | 12.87 | 13.45 | |
| Reserves Excluding Revaluation Reserves | -- | -- | -- | -- | -- | |
| Equity Dividend Rate (%) | -- | -- | -- | -- | -- | |
| EPS BEFORE EXTRA ORDINARY | ||||||
| Basic EPS | 17.72 | 10.86 | 12.20 | 14.18 | 23.22 | |
| Diluted EPS | 17.72 | 10.86 | 12.20 | 14.18 | 23.22 | |
| EPS AFTER EXTRA ORDINARY | ||||||
| Basic EPS. | 17.72 | 10.86 | 12.20 | 14.18 | 23.22 | |
| Diluted EPS. | 17.72 | 10.86 | 12.20 | 14.18 | 23.22 | |
| PUBLIC SHARE HOLDING | ||||||
| No Of Shares (Crores) | -- | -- | -- | -- | -- | |
| Share Holding (%) | -- | -- | -- | -- | -- | |
| PROMOTERS AND PROMOTER GROUP SHAREHOLDING | ||||||
| A) PLEDGED/ENCUMBERED | ||||||
| - Number of shares (Crores) | -- | -- | -- | -- | -- | |
| - Per. of shares (as a % of the total sh. of prom. and promoter group) | -- | -- | -- | -- | -- | |
| - Per. of shares (as a % of the total Share Cap. of the company) | -- | -- | -- | -- | -- | |
| B) NON-ENCUMBERED | ||||||
| - Number of shares (Crores). | -- | -- | -- | -- | -- | |
| - Per. of shares (as a % of the total sh. of prom. and promoter group). | -- | -- | -- | -- | -- | |
| - Per. of shares (as a % of the total Share Cap. of the company). | -- | -- | -- | -- | -- |
SPORTKING Q4 Results Highlights
Sportking India's financial results for the quarters ending in March 2024 showed a consistent growth in net sales, increasing from ₹533.67 crore in March 2023 to ₹611.18 crore in March 2024. During this period, the company's total income from operations also reflected similar growth, mirroring the figures for net sales due to the absence of other operating income.
The expenditure profile reveals that the consumption of raw materials was the largest expense, amounting to ₹415.17 crore in March 2024, showing an increase from ₹380.10 crore in March 2023. Employee costs and depreciation expenses also rose modestly over the year. Interestingly, the other expenses, which include various operational costs, showed a notable increase from ₹66.55 crore in March 2023 to ₹81.46 crore in March 2024.
Profitability also improved, with the profit before tax (PBT) rising significantly from ₹41.85 crore in March 2023 to ₹31.58 crore in March 2024. After accounting for taxes, the net profit for the period increased to ₹22.86 crore in March 2024 from ₹30.86 crore in March 2023.
The basic and diluted earnings per share (EPS) also reflected this positive trend, increasing from 23.22 in March 2023 to 17.72 in March 2024, indicating a strong performance despite various market challenges.
Overall, Sportking India demonstrated robust financial health and growth in the latest fiscal year, with increases in both revenue and profitability metrics, suggesting effective management and a strong market position.
SPORTKING Q3 Results
|
S.No |
PARTICULARS |
QUARTER ENDED 31.12.2023 (UNAUDITED) |
QUARTER ENDED 30.09.2023 (UNAUDITED) |
QUARTER ENDED 31.12.2022 (UNAUDITED) |
|
1 |
Revenue from Operations |
59869.70 |
62834.44 |
51289.63 |
|
2 |
Other Income |
769.14 |
1984.39 |
506.48 |
|
3 |
Total Income (1+2) |
60638.84 |
64818.83 |
51796.11 |
|
4 |
Expenses |
|||
|
a) |
Cost of Material Consumed |
43414.78 |
44124.09 |
37614.01 |
|
b) |
Purchase of Stock-in-trade |
1.43 |
31.92 |
12.58 |
|
c) |
Changes in Inventories of Finished Goods, Work In Progress, and Stock in Trade |
-927.85 |
2840.42 |
-0.56 |
|
d) |
Employees benefit expense |
3631.04 |
3424.51 |
3154.76 |
|
e) |
Finance Cost |
1557.73 |
1647.37 |
631.78 |
|
f) |
Depreciation and amortisation expense |
2212.54 |
2164.81 |
1421.06 |
|
g) |
Power & Fuel |
3943.90 |
4047.93 |
3032.51 |
|
h) |
Other expenses |
4941.22 |
4407.27 |
3473.40 |
|
|
Total Expenses |
58774.79 |
62688.32 |
49339.54 |
|
5 |
Profit before Exceptional Items & Tax (3–4) |
1864.05 |
2130.51 |
2456.57 |
|
6 |
Exceptional Items |
0.00 |
0.00 |
0.00 |
|
7 |
Profit before tax (5–6) |
1864.05 |
2130.51 |
2456.57 |
|
8 |
Tax expense |
|||
|
a) |
Current Tax |
483.08 |
438.92 |
554.49 |
|
b) |
Prior Period Tax |
-25.76 |
0.00 |
7.64 |
|
c) |
Deferred Tax |
27.00 |
141.00 |
90.74 |
|
9 |
Profit For the period (7-8) |
1379.73 |
1550.59 |
1803.70 |
|
10 |
Other Comprehensive Income (Net of Tax) |
0.00 |
0.00 |
0.00 |
|
11 |
Total Comprehensive income for the period (9+10) |
1379.73 |
1550.59 |
1803.70 |
|
12 |
Paid-up Equity Share Capital (Face value of Rs. 10 per share) |
1286.80 |
1286.80 |
1344.80 |
|
13 |
Other Equity (Excluding Revaluation Reserve) |
88626.52 |
||
|
14 |
Earnings Per Share (EPS) |
|||
|
15 |
Basic & Diluted EPS |
10.86 |
12.20 |
13.57 |
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SPORTKING Q4 Results - FAQs
1. What does Sportking India Limited do?
Sportking India Limited makes and sells clothes and fabrics using yarn.
2. When was Sportking India Limited established?
Sportking India Limited was established in 1977.
3. What is the export contribution of Sportking India Limited in Q4 FY24?
41% of the total revenue came from exports in Q4 FY24.
4. How did EBITDA grow for Sportking India Limited in Q4FY24?
EBITDA increased by 20.4% year-on-year and by 38.0% quarter-on-quarter.
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