Sportking India posts 64.9% yoy revenue growth at Rs2,154 crore in FY22; Stock rises

4 May 2022 , 09:16 AM

Sportking India Limited, one of India’s leading textile conglomerate has announced its Financial Results for the Quarter and Year ended on March 31, 2022.

Key Highlights:

• Revenues in FY22 increased by 64.9% yoy to Rs2154 crore and in Q4FY22 increased by 43.6% yoy to Rs593 crore
• EBITDA in FY22 increased by 185.2% yoy to Rs 596 crore and in Q4FY22 increased by 52.0% yoy to Rs154 crore. EBITDA Margin in FY22 stood at 27.7%
• PAT in FY22 increased by 384.1% yoy to Rs409 crore and in Q4FY22 increased by 134.5% yoy to Rs104 crore. PAT Margin in FY22 stood at 19.0%
• Long-term Debt to Equity stood at 0.18x
• Healthy return Ratios : ROE in FY22 is 72.8% and ROCE in FY22 is 76.4%

“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”, said company.

On Wednesday early trade, Sportking India was trading at Rs1,260 per piece higher by 0.24% on the BSE.