S P Apparels' Q2 FY 2025-26 Quarterly Results

Result Summary

• S P Apparels Ltd reported a 7.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.3%.
• Its expenses for the quarter were up by 3.3% QoQ and 6.2% YoY.
• The net profit increased 68.0% QoQ and increased 58.4% YoY.
• The earnings per share (EPS) of S P Apparels Ltd stood at 13.77 during Q2 FY 2025-26.

Financial Statments for Q2 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 a company operating in the textile and apparel industry, primarily engaged in the manufacturing and export of garments. The company specializes in the production of knitted garments for infants and children, catering to both domestic and international markets. S P Apparels Ltd is known for its vertically integrated operations, which include knitting, dyeing, printing, and garment manufacturing. The company focuses on delivering quality products and maintaining strong relationships with global brands. As of the information available up to October 2023, there are no recent major developments or changes in the company's business operations or strategic direction.

Revenue

For the quarter ending Q2FY26, S P Apparels Ltd reported a total income of ₹434.14 crores. This represents a 7.2% increase from the previous quarter, Q1FY26, where the total income was ₹405.07 crores. Compared to the same quarter in the previous fiscal year, Q2FY25, the total income increased by 10.3% from ₹393.68 crores. This consistent growth in revenue over both the quarterly and annual periods indicates a positive trajectory in the company's ability to generate sales. The increase in total income could be attributed to a variety of factors such as higher demand, increased production capacity, or expanded market reach.

Profitability

S P Apparels Ltd's profitability has shown significant improvement in Q2FY26. The profit before tax (PBT) for this quarter was reported at ₹48.38 crores, which is a 53.7% increase from the previous quarter's PBT of ₹31.48 crores. Year-over-year, the PBT increased by 59.3% from ₹30.37 crores in Q2FY25. After accounting for taxes, the profit after tax (PAT) for Q2FY26 stood at ₹34.70 crores, marking a 68.0% increase from Q1FY26 and a 58.4% increase from the same quarter last year. The earnings per share (EPS) also rose significantly, reaching ₹13.77 in Q2FY26, compared to ₹8.20 in Q1FY26 and ₹8.73 in Q2FY25. These figures indicate robust performance in the company's profitability metrics over the observed periods.

Operating Metrics

The total expenses for S P Apparels Ltd in Q2FY26 were ₹385.75 crores, which shows an increase of 3.3% from Q1FY26, where expenses were ₹373.58 crores. Compared to Q2FY25, the expenses increased by 6.2% from ₹363.32 crores. Despite the rise in expenses, the company's operating margin has improved, as indicated by the higher growth rates in profit metrics relative to expenses. The tax expense for Q2FY26 was ₹12.10 crores, which is an increase from both the previous quarter (₹10.12 crores) and the same quarter last year (₹8.45 crores), reflecting the higher taxable income. The observed financial data suggests effective management of operational costs relative to revenue growth, contributing to the company's overall financial performance improvements.