Textiles company Sportking India announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from operations stood at Rs 651.6 crore for Q2FY25, up 4% YoY. Exports contributed 46.0% in Q2FY25. EBITDA for Q2FY25 was Rs 57.7 crore – an increase of 45.8% YoY. EBITDA Margin for the quarter improved by 255 bps on a yearly basis to reach 8.9%. Profit After Tax for the quarter was Rs 25.0 crore – registering a growth of 61.4% YoY. PAT Margin expanded by 137 bps on a yearly basis. H1FY25 Financial Highlights: Revenue from operations stood at Rs 1,285.7 crore for H1FY25, up 10.1% YoY. Exports contributed 45.9% in H1FY25. EBITDA for H1FY25 was Rs 131.5 crore – an increase of 47.2% YoY. EBITDA Margin for the half year improved 257 bps on a yearly basis to reach 10.2%. Profit After Tax for H1FY25 was Rs 56.8 crore – registering a growth of 68.8% YoY. PAT Margin is 4.4% - expanding by 154 bps on a yearly basis. Munish Avasthi, Chairman & Managing Director, Sportking India, said: “It pleases me to report that our export sales have registered a growth sequentially whilst being relatively resilient. This achievement becomes even more noteworthy in the context of the quarter being fraught with uncertainties relating to turmoil gripping our key export market of Bangladesh. While Bangladeshi cotton mills did face some disruption early in the quarter the situation gradually recovered and there were no booking, financial and order issues from our customers thereon. While we do not perceive any structural slowdown in the textile industry of Bangladesh, any further stress does open an opportunity for the Indian textile industry to cater to the demand shift from end users We share long-standing relation with various domestic players combined with a strong marketing presence in the local market and thus the current exports turmoil would have, if any, only a transient impact on our performance. As evidenced in the current quarter’s results, our domestic market performance offset the temporary challenges faced from the export market thus achieving a topline that registered growth both on a year-on-year basis as well as sequentially. With an eye towards the future, we took two important decisions which I believe are critical in the value accretion towards our company. First is the amalgamation of certain private entities within the listed company equipping us with the ability to climb up the value chain in terms of Fabric processing and manufacturing & retailing of Garments leveraging our decades of expertise of the textile industry. Second is investment in an SPV to secure supply of solar power to not only save on power costs but also to further our commitment to sustainable operations. On the operational front we have executed our de-bottlenecking plans per schedule with benefits of the same reflecting in our operational performance from Q3FY25. Our margins showed stark improvement over the previous year on account of improving demand scenario, stable input prices and lower interest costs. Festivities and wedding season will fuel domestic demand in the upcoming quarter while inventory liquidation and sourcing shift should provide impetus to export demand. We will continue to focus on operational efficiencies while striving to unlock the full potential of the now merged companies.” Result PDF