Sportking announces $120m expansion, reports strong Q1 results
Sportking India Ltd announced a Rs 1,000 crore ($120 million) greenfield expansion in Odisha, adding 1.50 lakh spindles to increase capacity by approximately 40% over existing 3.79 lakh spindles. The project will be completed in 12-15 months using term loans and internal funding.
The company reported Q1 FY26 profit after tax of Rs 35 crores, up 10% year-on-year. Revenue from operations reached Rs 586 crores with gross profit of Rs 157 crores. Export business contributed 58% of total revenue at Rs 341 crores.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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