SPORTKING2024-01-012024-03-31 SPORTKING2024-01-012024-03-31 SPORTKING2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SPORTKING2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member SPORTKING2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SPORTKING2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member SPORTKING2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 539221 SPORTKING NOTLISTED Sportking India Limited Equity 2023-04-01 2024-03-31 2024-04-27 2024-04-18 INR Lakhs Yearly 12:30:00 16:00:00 2024-04-27 2024-04-27 true Cash Flow Indirect Declaration of unmodified opinion Single segment TEXTILE 2024-01-01 2024-03-31 Audited Standalone 6111757000.00 29108000.00 6140865000.00 4151746000.00 379000.00 106617000.00 367139000.00 166025000.00 218536000.00 814624000.00 5825066000.00 315799000.00 0.00 315799000.00 76892000.00 10271000.00 87163000.00 0.00 228636000.00 0.00 0.00 0.00 0.00 228636000.00 1274000.00 229910000.00 0.00 0.00 128680000.00 10 17.72 17.72 0.00 0.00 17.72 17.72 1. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (IAS) Rules, 2015, (as amended) as specified in Section 133 of the Companies Act, 2013 read with relevant rules Issued thereunder and requirements of Regulation 33 of SEBI (LODR) Regulations, 2015 as amended.2. The company is a single segment company engaged in textile business.3. The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits has been notified in the Official Gazette on 29th September 2020. The draft rules have been released on November 13, 2020 and suggestions invited from stakeholders are under consideration by the Ministry. The impact of the change will be assessed and accounted in the period in which said rules are notified for implementation. 4. The Company is eligible for fiscal incentives under Industrial and Business Development Policy 2017 of Government of Punjab for its expansion project of manufacturing of cotton compact /PC Yarn completed in FY 2018-19 and FY 2022-23. Pursuant to the necessary approvals from the competent authorities resulting in satisfaction of recognition conditions for government grants in accordance with Ind AS 20, the company recognized Govt Grant amounting to Rs. 1811.89 lakhs during FY 2023-24 (Rs. 1583.76 lakhs during quarter ended 30th Sep 2023 and Rs.228.13 lakhs during quarter ended 31st December 2023) under the head Other Income towards fiscal Subsidy pretaining to FY 2018-19 to FY 2022-23.5. 31,85,200, 5% Non-Convertible Non-Cumulative Redeemable Preference Shares having face value of Rs. 10/- each (8,85,200 Preference Shares issued during FY 2006-07 and 23,00,000 Preference Shares issued during FY 2010-11 at premium of Rs. 25/- per Share ) have been redeemed at a premium of Rs. 90/- per share during the year ended 31st March 2023. The difference between the carrying amount of the liability component of the said redeemed Preference Shares and consideration paid has been recognised as exceptional item in the Statement of Profit and Loss for year ended 31st March 2023.6. After obtaining the approval from the Board of Directors on January 28, 2023, the Company initiated buyback process in accordance with the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 in respect of buyback of 5,80,000 equity shares having face value of of Rs.10/-each from the Shareholders of the Company on proportionate basis by way of tender offer route at a price of 950/- per share for an aggregate amount of 5510 lakhs (8.01% of the aggregate paid-up equity share capital and free reserves as per the latest audited financial statements of the Company for the financial year ended March 31, 2022) . The buy-back process has been completed on 17th April 2023.7 The Board has recommended a Final Dividend of Rs. 5/- per equity share of face value of Rs. 10/- each on fully paid equity shares amounting to Rs. 635.36 Lakhs and 5% on Non-Cumulative Non- Convertible Redeemable Preference Shares of face value of Rs.10/- each amounting to Rs. 34.16 Lakhs for FY 2023-24.8. The figures of the quarter ended 31st March, 2024 and 31st March,2023 are the balancing figures between the audited figures in respect to the said full financial year and the published unaudited figures upto nine months ended 31st December, 2023 and 31st, December,2022 respectively, which have been subject to limited review by the Statutory Auditors.9. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th April 2024.The Statutory Auditors of the Company have issued an Auditor’s Report with un-modified opinion on the above Financial Results. Single segment 2023-04-01 2024-03-31 Audited Standalone 23771419000.00 357055000.00 24128474000.00 17025626000.00 7922000.00 13680000.00 1394145000.00 590729000.00 858854000.00 3278475000.00 23169431000.00 959043000.00 0.00 959043000.00 210816000.00 44771000.00 255587000.00 0.00 703456000.00 0.00 0.00 0.00 0.00 703456000.00 1274000.00 704730000.00 0.00 0.00 128680000.00 10 8895574000.00 54.97 54.97 0.00 0.00 54.97 54.97 Other Expenses 426867000.00 POWER & FUEL 387757000.00 Other Expenses 1725957000.00 POWER & FUEL 1552518000.00 7856634000.00 0.00 0.00 0.00 1793000.00 0.00 0.00 0.00 0.00 0.00 0.00 195186000.00 195186000.00 20680000.00 7767000.00 8082060000.00 6450471000.00 0.00 3560632000.00 14458000.00 100000.00 0.00 180969000.00 3756159000.00 0.00 1343036000.00 11549666000.00 0.00 0.00 19631726000.00 128680000.00 8895574000.00 9024254000.00 9024254000.00 3944354000.00 0.00 4595000.00 3948949000.00 151900000.00 259700000.00 0.00 0.00 4360549000.00 4803836000.00 873262000.00 430831000.00 6107929000.00 52531000.00 9674000.00 76789000.00 0.00 6246923000.00 0.00 0.00 10607472000.00 19631726000.00 581616000.00 -2730689000.00 -1193169000.00 0.00 -463968000.00 -15419000.00 0.00 0.00 0.00 29397000.00 -159650000.00 -24539000.00 0.00 858854000.00 64054000.00 0.00 0.00 0.00 9113000.00 -9120000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -3053520000.00 -2094477000.00 0.00 0.00 -18627000.00 228872000.00 -15973000.00 -2357949000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10049000.00 1048783000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22784000.00 0.00 559830000.00 0.00 -456120000.00 0.00 0.00 0.00 0.00 551000000.00 0.00 0.00 0.00 4302349000.00 331383000.00 0.00 0.00 0.00 578491000.00 125147000.00 -3357000.00 2712971000.00 -101098000.00 0.00 -101098000.00 115556000.00 14458000.00 -1703000.00 -1703000.00 429000.00 429000.00