S. P. Apparels quarterly results and financials

S. P. Apparels (SPAL)Garments & Apparels

Key facts

In the Jun 2026 quarter (consolidated), S. P. Apparels reported sales of ₹400 Cr, down 0.5% from Jun 2025, and net profit of ₹25.04 Cr, up 19.1% year on year. For the year to Mar 2026, sales were ₹1,575 Cr and net profit ₹101 Cr.

Sales (Jun 2026): ₹400 Cr
Net profit (Jun 2026): ₹25.04 Cr
Sales (FY Mar 2026): ₹1,575 Cr
Net profit (FY Mar 2026): ₹101 Cr
EPS (Jun 2026): ₹9.88
Borrowings (Mar 2026): ₹418 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

S. P. Apparels quarterly results

₹ crore unless stated; each column is a quarter.

S. P. Apparels Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	291	251	294	244	390	358	398	402	426	382	364	400
Expenses	247	219	255	213	343	309	346	352	366	330	322	342
Operating Profit	47.15	34.14	41.14	33.12	50.15	51.20	54.22	53.22	62.21	54.23	44.12	60.22
OPM %	16.0%	14.0%	14.0%	13.0%	12.9%	14.0%	13.9%	13.0%	15.0%	13.9%	12.0%	14.9%
Other Income	6.01	5.01	2.01	3.01	2.01	3.01	4.01	2.01	7.01	6.01	4.01	4.01
Interest	3.99	4.99	2.99	4.99	10.96	7.98	9.98	11.97	9.97	9.96	8.97	14.97
Depreciation	9.99	8.99	8.99	9.99	10.98	11.99	10.98	10.98	11.99	11.99	11.99	12.97
Profit before tax	38.13	24.08	30.13	21.06	30.10	34.10	37.11	31.13	47.20	37.14	26.09	36.16
Tax %	26.1%	28.1%	5.0%	12.1%	28.1%	29.1%	19.1%	32.1%	26.0%	27.1%	30.0%	31.1%
Net Profit	29.04	18.01	28.05	18.02	22.02	24.02	30.02	21.03	35.01	27.05	19.03	25.04
EPS (Rs)	11.36	7.01	11.33	7.18	8.72	9.62	12.09	8.51	13.80	10.71	7.33	9.88

S. P. Apparels profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

S. P. Apparels Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	530	630	660	823	805	650	857	1,078	1,084	1,391	1,575	1,572
Expenses	448	530	557	693	727	549	710	937	931	1,212	1,372	1,361
Operating Profit	85.36	104	106	134	84.32	105	152	147	159	189	212	221
OPM %	16.0%	15.9%	16.0%	15.9%	10.0%	16.0%	18.0%	14.0%	15.0%	12.9%	13.0%	14.1%
Other Income	−12.01	21.03	16.02	3.01	13.02	1.01	9.01	20.03	16.02	12.02	18.03	21.04
Interest	24.95	17.93	28.94	5.98	22.93	13.97	11.97	18.96	18.94	32.93	40.86	43.87
Depreciation	19.98	18.96	21.96	21.99	29.95	31.93	34.93	35.94	37.97	42.93	47.97	48.94
Profit before tax	28.12	87.25	71.30	109	44.18	59.26	115	111	119	123	142	147
Tax %	33.0%	38.0%	33.0%	33.1%	−6.0%	27.1%	26.1%	26.1%	24.1%	23.1%	28.0%	—
Exceptional items	−9.98	0.99	0.99	0.00	−7.98	0.00	0.00	0.00	6.99	0.00	0.00	—
Net Profit	19.02	54.02	48.04	73.13	47.06	43.04	85.13	83.03	90.17	95.07	101	106
EPS (Rs)	10.95	21.24	18.95	28.50	18.22	16.76	32.90	32.80	35.65	37.80	40.02	41.72
Dividend payout %	0.0%	0.0%	3.0%	0.0%	0.0%	13.0%	0.0%	9.0%	0.0%	0.0%	0.0%	—

S. P. Apparels balance sheet

₹ crore, at each year end.

S. P. Apparels Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16.99	16.97	24.93	24.95	25.94	25.95	25.95	25.94	24.96	24.91	24.94	24.95
Reserves	59.08	96.13	332	372	458	499	534	612	650	739	832	922
Borrowings	304	279	184	222	211	226	193	230	245	202	380	418
Other Liabilities	141	170	135	190	193	144	161	194	180	176	220	227
Total Liabilities	520	562	677	811	888	893	913	1,063	1,098	1,142	1,457	1,592
Fixed Assets	276	278	299	308	318	445	445	451	460	454	596	687
CWIP	0.00	4.01	0.00	6.01	54.15	0.00	10.02	8.02	10.02	19.06	31.10	4.01
Investments	1.01	1.01	58.19	31.09	0.00	0.00	0.00	3.01	113	51.13	10.02	58.13
Other Assets	244	280	319	465	515	448	458	602	515	617	821	843
Inventories	107	128	102	187	248	228	241	332	297	265	371	310
Trade receivables	74.01	82.04	134	166	128	93.99	117	116	105	165	251	253
Cash & equivalents	7.01	11.01	34.99	46.01	58.08	46.02	41.02	60.03	63.99	78.99	41.03	59.07
Total Assets	520	562	677	811	888	893	913	1,063	1,098	1,142	1,457	1,592

S. P. Apparels cash flow

₹ crore, for each year.

S. P. Apparels Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	84.12	49.09	26.03	−1.01	82.08	83.14	80.14	27.03	216	79.14	44.06	209
Cash from investing activity	−5.99	−27.96	−116	−14.98	−59.96	−38.93	−20.99	−28.96	−160	5.99	−170	−189
Cash from financing activity	−77.05	−20.02	92.01	19.02	−17.02	−45.06	−42.03	24.03	−48.06	−67.01	82.06	−1.01
Net cash flow	1.01	1.01	2.01	3.01	5.02	−1.01	17.07	21.08	8.03	19.06	−44.14	18.07
Capex	14.97	25.98	37.96	38.97	85.92	51.95	43.96	32.95	51.91	54.91	81.85	108
Free cash flow	69.20	23.04	−11.02	−40.10	−3.01	32.08	36.10	−6.02	164	25.06	−37.08	103
CFO / OP %	125.9%	63.9%	42.9%	19.9%	71.9%	114.0%	89.9%	33.9%	166.9%	70.9%	42.0%	116.9%

S. P. Apparels ratios

Working-capital days and returns, by year.

S. P. Apparels Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	58	56	78	91	57	42	65	49	35	55	66	59
Inventory days	190	228	147	268	277	233	327	342	223	214	234	167
Days payable	173	209	101	145	122	86	123	116	74	80	83	69
Cash conversion cycle	74	75	123	215	212	189	269	275	184	190	216	156
Working capital days	−78	−57	21	40	43	47	75	81	27	54	51	28
ROCE %	14.0%	18.0%	22.9%	16.9%	17.9%	10.9%	10.0%	15.9%	15.0%	12.9%	13.9%	14.0%

S. P. Apparels: frequently asked questions

What are the latest quarterly results of S. P. Apparels?

For the Jun 2026 quarter, S. P. Apparels reported sales of ₹400 Cr, down 0.5% year on year and net profit of ₹25.04 Cr, up 19.1% year on year. The operating margin was 14.9%.

What is the annual revenue of S. P. Apparels?

S. P. Apparels' sales for the year to Mar 2026 were ₹1,575 Cr; over the last twelve months they were ₹1,572 Cr.

What is the net profit of S. P. Apparels?

Net profit for the year to Mar 2026 was ₹101 Cr, and ₹106 Cr over the last twelve months. Earnings per share over the same trailing period were ₹41.72.

How much debt does S. P. Apparels have?

S. P. Apparels reported borrowings of ₹418 Cr at Mar 2026, against cash and equivalents of ₹59.07 Cr.

What is the free cash flow of S. P. Apparels?

Cash from operations was ₹209 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹103 Cr.

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