Dear Members
The Directors of your Company are pleased to present their 34th Annual Report on the affairs of the Company together with Financial
Statement of the Company for the year ended 31st March, 2023.
1. CORPORATE OVERVIEW AND INFORMATION
The Company was incorporated in in 1989 and emerged as one of Indias leading textile company & owns 3 state-of-the-art manufacturing facilities in India equipped with latest machinery, producing yarns that are a benchmark in quality. The company produces well diversified range of grey and dyed textile yarns to cater to the demands of weaving and knitting industry in domestic as well as international markets. With presence in more than 30 countries, Sportking India Ltd. is representing India on a world stage with a commitment to deliver superior quality products among evolving trends in customer preferences.
2. FINANCIAL RESULTS
The Financial Statements of the Company for the year ended 31st March, 2023 had been prepared in accordance with Indian Accounting Standards (Ind performance of your Company for Financial Year(s) 2022-23 and 2021-22 are as AS). Thefinancial under:
(Rupees in Lakhs)
Particulars |
F.Y. 2022-23 | F.Y. 2021-22 |
Revenue from Operations (Net) | 220502.30 | 215401.18 |
Other Income | 1152.42 | 2415.12 |
Earnings before Interest , Depreciation, Tax and Amortization (EBIDTA) and Exceptional | 29035.00 | 61984.58 |
Items | ||
Interest and Financial Expenses | 2304.89 | 2857.81 |
Profit before Depreciation, Amortization , Tax (PBDT) and Exceptional Items | 26730.11 | 59126.77 |
Depreciation and Amortization | 4815.00 | 4385.91 |
Profit before Tax (PBT) and Exceptional Items | 21915.11 | 54740.86 |
Exceptional Items | 2965.31 | 0.00 |
Profit before Tax (PBT) | 18949.80 | 54740.86 |
Provision for Tax | ||
-Current Tax | 4887.18 | 13852.65 |
-Prior Period Tax | 7.64 | (31.62) |
-Deferred Tax | 856.78 | (5.09) |
Profit after Tax (PAT) | 13198.20 | 40924.92 |
Other Comprehensive Income (Net of Tax of Rs. 24.22 Lakhs in Current Year and | 72.00 | 134.09 |
Rs. 45.09 Lakhs in previous year) | ||
Total Comprehensive Income for the year | 13270.20 | 41059.01 |
Earnings Per Equity Share (In Rs.) | ||
-Basic | 99.33 | 308.00 |
-Diluted | 99.33 | 308.00 |
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.