Sportking India Ltd Q3 net profit rises 18 percent to Rs 16 crore

Sportking India Ltd, a leading textile conglomerate reported an 18 percent increase in net profit to Rs 16 crore ($2 million) for the third quarter ended December 2024, as against Rs 14 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 2 percent to Rs 610 crore, as against Rs 599 crore in the corresponding quarter of the previous fiscal year.

Sportking’s exports contributed 57 percent in Q3 FY25 registering a growth of 18.7 percent on a yearly basis.

Commenting on the results, Munish Avasthi, chairman managing director of Sportking in a statement said, “We continued to deliver on the growth front in a quarter that saw mixed consumer sentiment. Persistent inflationary headwinds curtailed discretionary spending during the festive quarter. While demand in the domestic market remained subdued, I am pleased to note that we achieved our highest quarterly export performance.”

“The domestic and global markets presented different economic environments. Our performance during the quarter, despite such varying conditions, is a testament to the inherent resilience of our operations. This resilience is supported by our long-standing experience in both domestic and export markets, combined with deep relationships and quality manufacturing, which enabled us to achieve an improved margin profile,” he added.

Founded in 1989, Sportking owns 3 manufacturing facilities in India equipped that produces diversified range of textiles to cater to the demands of weaving and knitting industry.