SPAL Q1 FY27 results at a glance
S. P. APPARELS LIMITED Q1 FY27 key results metrics| Quarter | Q1 FY27 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | ₹401 cr |
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| Revenue YoY | -0.6% |
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| Operating profit | ₹48.13 cr |
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| Operating margin | 12.0% |
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| Net profit | ₹24.87 cr |
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| Net profit YoY | +20.4% |
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| Net profit QoQ | +33.8% |
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| Net margin | 6.2% |
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| Basic EPS | ₹9.89 |
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| TTM revenue | ₹1,576 cr |
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| TTM net profit | ₹105 cr |
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| TTM net margin | 6.7% |
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SPAL Q1 FY27 results: what the numbers say
S. P. APPARELS LIMITED (SPAL) has reported its Q1 FY27 results for the quarter ended 2026-06-30. The company posted revenue of ₹401 cr and a net profit of ₹24.87 cr, translating into earnings per share of ₹9.89.
Compared with the same quarter a year earlier, revenue declined marginally by -0.6% and net profit grew strongly by +20.4%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹48.13 cr, an operating margin of 12.0% versus 10.3% a year ago — a gain of 1.7 percentage points.
SPAL quarter-wise results table
Net profit
₹24.87 cr
+20.4% YoY
Operating profit
₹48.13 cr
+15.6% YoY
S. P. APPARELS LIMITED (SPAL) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q1 FY272026-06-30 | ₹401 cr | ₹48.13 cr | ₹24.87 cr | 12.0% | 6.2% | ₹9.89 | +20.4% | +33.8% |
| Q4 FY262026-03-31 | ₹365 cr | ₹32.3 cr | ₹18.59 cr | 8.9% | 5.1% | ₹7.40 | — | -31.2% |
| Q3 FY262025-12-31 | ₹383 cr | ₹44.11 cr | ₹27 cr | 11.5% | 7.1% | ₹10.76 | — | -22.2% |
| Q2 FY262025-09-30 | ₹427 cr | ₹51.91 cr | ₹34.7 cr | 12.1% | 8.1% | ₹13.83 | — | +68.0% |
| Q1 FY262025-06-30 | ₹403 cr | ₹41.64 cr | ₹20.66 cr | 10.3% | 5.1% | ₹8.23 | — | — |
| TTM (last 4 quarters) | ₹1,576 cr | ₹176 cr | ₹105 cr | 11.2% | 6.7% | ₹41.88 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
SPAL quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
S. P. APPARELS LIMITED quarterly income statement| Particulars | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹401 cr | ₹365 cr | ₹383 cr | ₹427 cr | ₹403 cr |
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| Total expenses | ₹353 cr | ₹333 cr | ₹339 cr | ₹375 cr | ₹362 cr |
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| Gross profit | ₹231 cr | ₹200 cr | ₹224 cr | ₹247 cr | ₹231 cr |
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| Operating profit (EBIT) | ₹48.13 cr | ₹32.3 cr | ₹44.11 cr | ₹51.91 cr | ₹41.64 cr |
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| Operating margin | 12.0% | 8.9% | 11.5% | 12.1% | 10.3% |
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| Interest cost | ₹14.86 cr | ₹8.6 cr | ₹10.02 cr | ₹10.32 cr | ₹11.78 cr |
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| Profit before tax | ₹35.85 cr | ₹26.43 cr | ₹36.99 cr | ₹46.81 cr | ₹30.77 cr |
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| Tax expense | ₹10.98 cr | ₹7.84 cr | ₹9.99 cr | ₹12.1 cr | ₹10.12 cr |
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| Effective tax rate | 30.6% | 29.7% | 27.0% | 25.9% | 32.9% |
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| Net profit (PAT) | ₹24.87 cr | ₹18.59 cr | ₹27 cr | ₹34.7 cr | ₹20.66 cr |
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| Net profit margin | 6.2% | 5.1% | 7.1% | 8.1% | 5.1% |
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| Basic EPS | ₹9.89 | ₹7.40 | ₹10.76 | ₹13.83 | ₹8.23 |
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| Diluted EPS | ₹9.86 | ₹7.38 | ₹10.71 | ₹13.77 | ₹8.20 |
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SPAL results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | -0.6% | — | — | — | — |
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| Revenue QoQ | +9.9% | -4.7% | -10.4% | +5.9% | — |
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| Operating profit YoY | +15.6% | — | — | — | — |
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| Operating profit QoQ | +49.0% | -26.8% | -15.0% | +24.7% | — |
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| Net profit YoY | +20.4% | — | — | — | — |
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| Net profit QoQ | +33.8% | -31.2% | -22.2% | +68.0% | — |
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| EPS YoY | +20.2% | — | — | — | — |
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| EPS QoQ | +33.6% | -31.2% | -22.2% | +68.0% | — |
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SPAL annual results history
Full-year performance for S. P. APPARELS LIMITED, useful for reading each quarter in context.
S. P. APPARELS LIMITED annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹1,496 cr | ₹1,321 cr | ₹1,031 cr | ₹1,027 cr |
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| Total expenses | ₹1,307 cr | ₹1,174 cr | ₹904 cr | ₹908 cr |
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| Gross profit | ₹714 cr | ₹629 cr | ₹504 cr | ₹460 cr |
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| Operating profit (EBIT) | ₹189 cr | ₹148 cr | ₹128 cr | ₹119 cr |
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| Operating margin | 12.6% | 11.2% | 12.4% | 11.6% |
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| Interest cost | ₹23.92 cr | ₹22.12 cr | ₹13.83 cr | ₹12.27 cr |
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| Profit before tax | ₹141 cr | ₹123 cr | ₹118 cr | ₹111 cr |
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| Tax expense | ₹40.05 cr | ₹28.12 cr | ₹28.02 cr | ₹28.25 cr |
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| Effective tax rate | 28.4% | 22.8% | 23.8% | 25.5% |
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| Net profit (PAT) | ₹101 cr | ₹95.1 cr | ₹89.63 cr | ₹82.51 cr |
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| Net profit margin | 6.7% | 7.2% | 8.7% | 8.0% |
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| Basic EPS | ₹40.22 | ₹37.90 | ₹35.72 | ₹32.37 |
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| Diluted EPS | ₹40.09 | ₹37.90 | ₹35.72 | ₹32.37 |
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Revenue trend and demand read-through
Topline for Q1 FY27 came in at ₹401 cr against ₹403 cr in Q1 FY26, and ₹365 cr in the preceding Q4 FY26 quarter.
On a sequential basis revenue grew +9.9%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹353 cr, or 88.0% of revenue, with operating profit grew +15.6% year on year.
Margins, tax and profitability
Net profit of ₹24.87 cr works out to a net margin of 6.2% compared with 5.1% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, S. P. APPARELS LIMITED reported profit before tax of ₹35.85 cr, a tax charge of ₹10.98 cr (effective rate 30.6%), interest cost of ₹14.86 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹18.59 cr in Q4 FY26 to ₹24.87 cr in Q1 FY27, a change of +33.8%.
Trailing twelve months and annual context
Across the trailing four quarters S. P. APPARELS LIMITED has generated revenue of ₹1,576 cr and net profit of ₹105 cr, a trailing net margin of 6.7%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹1,496 cr with net profit of ₹101 cr and EPS of ₹40.22, versus the prior year where revenue grew +13.2% and profit grew +6.1%.
What to watch in the next SPAL quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
S. P. APPARELS LIMITED has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
SPAL results coverage
No results report published for SPAL yet — our desk covers each quarter within minutes of the filing.
SPAL quarterly results FAQs
What were S. P. APPARELS LIMITED (SPAL) Q1 FY27 results?
In Q1 FY27 (quarter ended 30 Jun 2026), S. P. APPARELS LIMITED reported revenue of ₹401 cr and net profit of ₹24.87 cr, a change of +20.4% year on year on -0.6% revenue growth. EPS stood at ₹9.89.
What is SPAL profit margin in Q1 FY27?
S. P. APPARELS LIMITED posted a net profit margin of 6.2% and an operating margin of 12.0% in Q1 FY27. On a trailing twelve-month basis, revenue is ₹1,576 cr and net profit ₹105 cr.
Did SPAL results beat the previous quarter?
S. P. APPARELS LIMITED net profit changed +33.8% quarter on quarter, from ₹18.59 cr in Q4 FY26 to ₹24.87 cr in Q1 FY27.
When are S. P. APPARELS LIMITED (SPAL) quarterly results?
S. P. APPARELS LIMITED has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see SPAL latest quarterly results?
Results coverage for SPAL will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the SPAL stock page.
What is S. P. APPARELS LIMITED annual revenue and profit?
For FY26, S. P. APPARELS LIMITED reported full-year revenue of ₹1,496 cr and net profit of ₹101 cr, with EPS of ₹40.22.
How many quarterly results has SPAL declared recently?
Past results dates for SPAL will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 12 Sept 2026. For information only, not investment advice.
