S P Apparels' Q1 FY 2025-26 Quarterly Results

Result Summary

• S P Apparels Ltd reported a 36.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 63.3%.
• Its expenses for the quarter were up by 39.9% QoQ and 64.3% YoY.
• The net profit decreased 27.4% QoQ and increased 14.5% YoY.
• The earnings per share (EPS) of S P Apparels Ltd stood at 8.2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

S P Apparels Ltd is an established entity in the textiles industry, specifically focusing on the manufacturing and export of knitted garments for infants and children. The company has a distinguished reputation for producing high-quality garments, primarily catering to the global market. Known for its integrated manufacturing operations, S P Apparels manages several stages of the garment production process in-house, including spinning, knitting, dyeing, and sewing. The firm is headquartered in India and has been expanding its reach through strategic partnerships and enhancements in production capabilities. As of recent developments, the company continues to focus on strengthening its market position by improving operational efficiencies and expanding its product offerings.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), S P Apparels Ltd reported a total income of ₹405.07 crores, a substantial increase from ₹296.77 crores in the previous quarter (Q4FY25) and ₹248.03 crores in the same quarter last year (Q1FY25). This represents a quarter-over-quarter (QoQ) growth of 36.5% and a year-over-year (YoY) increase of 63.3%. The robust growth in total income reflects the company's ability to enhance its revenue streams consistently over both the quarterly and annual periods.

Profitability

For Q1FY26, S P Apparels Ltd achieved a profit before tax (PBT) of ₹31.48 crores, which marked a 5.5% increase from ₹29.83 crores in Q4FY25 and a significant YoY increase of 52.8% from ₹20.60 crores in Q1FY25. However, the tax expenses surged to ₹10.12 crores this quarter, dramatically increasing from ₹1.37 crores in the previous quarter and ₹2.56 crores in the corresponding quarter of the previous year, reflecting a QoQ rise of 638.7% and a YoY rise of 295.3%. Consequently, the profit after tax (PAT) for Q1FY26 was ₹20.66 crores, representing a decline of 27.4% QoQ from ₹28.46 crores in Q4FY25, but a YoY increase of 14.5% from ₹18.05 crores in Q1FY25. The earnings per share (EPS) also mirrored this trend, with a value of ₹8.20 in Q1FY26, lower by 27.7% QoQ from ₹11.34 in Q4FY25 but higher by 14.0% YoY from ₹7.19 in Q1FY25.

Operating Metrics

S P Apparels Ltd's total expenses in Q1FY26 were reported at ₹373.58 crores, showing a QoQ increase of 39.9% from ₹266.94 crores in Q4FY25 and a YoY increase of 64.3% from ₹227.42 crores in Q1FY25. This substantial rise in expenses aligns with the increased total income, indicating operational scale-up. The company's operational strategies appear to have maintained a balance between income growth and expense management, supporting overall business expansion. However, the significant rise in tax liabilities in Q1FY26 affected the net profitability despite the growth in total income. The financial metrics suggest ongoing efforts to optimize operational efficiencies while managing costs amid fluctuating tax obligations.