Q3 2026 Sportking India Ltd Earnings Call Transcript
Key Points
- Sportking India Ltd (BOM:539221) reported a 6% year-over-year increase in revenue for Q3 FY26, reaching INR645.9 crores.
- The company's operational EBITDA for Q3 FY26 increased by 10.8% year-over-year, with an EBITDA margin expansion of 45 basis points.
- PAT for Q3 FY26 rose by 33% year-over-year, with a PAT margin increase of 77 basis points.
- The company achieved a high capacity utilization rate of 96%, among the highest in the industry.
- Sportking India Ltd is expanding its renewable energy usage, with a 40-megawatt solar capacity plan set to increase renewable power consumption to 40%-45% of total consumption.
- A fire incident at the Bathinda plant resulted in a financial impact of INR1.5 crores to the bottom line.
- The company faced challenges due to a 50% U.S. tariff, which negatively impacted demand and sentiment.
- Gross margins saw a marginal decline quarter-over-quarter due to raw material volatility and a decrease in other income.
- The company is exposed to risks from potential changes in trade agreements, such as Bangladesh's shift to a developing nation status, which could affect export dynamics.
- Cotton prices remain a headwind, with ongoing discussions with the government to remove duties for better competitiveness.
Ladies and gentlemen, good day, and welcome to Sportking India Limited Q3 and 9M FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Darshi Jain from MUFG Intime. Thank you, and over to you.
Thank you. Good afternoon, everyone. Welcome to the Sportking India Limited Q3 and 9M FY26 earnings conference call. Today on the call, we have Mr. Munish Avasthi, Chairman and Managing Director; Mr.
Sandeep Sachdeva, Chief Financial Officer; and Mr. Lovlesh Verma, the Company Secretary.
A short disclaimer before we start this call. This call will contain some forward-looking statements, which may be based upon our beliefs, opinions and expectations of the company as of today. These statements are not a guarantee of future performance and will involve unforeseen risks and uncertainties.
With that, I would now like to hand over the conference call to Mr. Sandeep Sachdeva for -- the Chief Financial Officer,
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