S.P. Apparels Limited to report Q2 FY27 results November 12

S.P. Apparels Limited is scheduled to report its Q2 FY27 results on November 12, 2026, following consolidated net sales of ₹401.08 crore in the June 2026 quarter, up 9.91% sequentially but down 0.59% from a year earlier. The update will provide the next reported measure of sales, profitability and operating performance.

When will S.P. Apparels report its Q2 FY27 results?

S.P. Apparels will consider and approve its unaudited standalone and consolidated financial results for the quarter ended September 30, 2026 at a board meeting on November 12. The company disclosed the meeting date in an NSE filing dated November 6.

The results date follows the company’s last reported earnings for the June quarter. Its earnings schedule identifies the June quarter as Q1 FY26-27, with results dated August 11, 2026. The November announcement is therefore the next scheduled quarterly financial update for investors tracking the company.

S.P. Apparels has also scheduled an earnings call on November 16, 2026, at 12:00 PM IST. The call will cover Q2 and H1 FY27 performance, and the company has invited analysts and investors through dial-in details provided by DAM Capital Advisors.

What did S.P. Apparels report in the June 2026 quarter?

S.P. Apparels reported consolidated June 2026 net sales of ₹401.08 crore, compared with ₹403 crore in June 2025 and ₹365 crore in March 2026. This translated into a 0.59% year-on-year decline and 9.91% quarter-on-quarter growth.

Reported net profit for the June quarter was ₹24.87 crore, up 20% year-on-year. EBITDA was reported at ₹58 crore, rising 12.71% from the corresponding quarter and 41.58% sequentially, while profit before tax stood at ₹35.85 crore.

The quarterly data also showed an improvement in operating profitability. Operating profit was ₹60 crore in June 2026, compared with ₹44 crore in March 2026, and the operating profit margin was 15%, against 12% in the preceding quarter.

Which operating costs and trends are relevant before the results?

S.P. Apparels reported total expenses of ₹352.95 crore for the June 2026 quarter, an increase of 6.12% year-on-year. Cost of materials consumed rose 37.22% to ₹134.08 crore, while employee benefit expense increased 10.45% to ₹98.50 crore.

These cost movements are relevant because the company’s reported sales were marginally lower than the year-earlier June quarter, while EBITDA and net profit increased. The November results will show whether the operating margin reported in June was maintained in the September quarter.

For the trailing 12 months ended FY26, revenue from operations was ₹1,395.13 crore, up 28.30% from the previous trailing period. Net profit was ₹95.10 crore, up 6.10%, while EBITDA was ₹175.62 crore and profit before tax was ₹123.22 crore.

What are the company’s disclosed business targets and operations?

S.P. Apparels has stated that it maintains revenue guidance of ₹2,000 crore despite challenges related to US tariffs. In earnings-call commentary, the company said its main garment business is expected to reach ₹1,300 crore to ₹1,400 crore, compared with ₹1,100 crore in FY26.

The company previously reported consolidated revenue of ₹427 crore and profit after tax of ₹34.70 crore for another reported Q2 period, with garment division revenue increasing 10.2% year-on-year. It also reported export quantity growth of 24% to 18.9 million pieces, 83% capacity utilisation in India, and positive EBITDA in its SPUK and retail divisions.

The next financial release will be important for assessing progress against the disclosed revenue guidance and garment-business target. It will also provide updated information on the company’s India capacity utilisation, Sri Lanka operations and the effect of tariff conditions on its export business, if management addresses these topics.

How does the Q2 FY27 date affect investors?

The November 12 release gives shareholders a defined date for updated standalone and consolidated figures, while the November 16 call gives investors an opportunity to hear management discuss the quarter and the first half of FY27. The company has specifically said the call will address quarterly performance and outlook.

Investors can compare the forthcoming sales and margin data with the June-quarter base of ₹401.08 crore in consolidated net sales and a 15% operating profit margin. They can also assess any changes in expenses, especially material and employee costs, which rose in the June quarter.

The company’s operating cash flow was ₹44.42 crore in FY26, compared with ₹79.20 crore in FY25. Alongside reported profit, cash-flow trends remain relevant to understanding how earnings are translating into cash generation.

Conclusion

S.P. Apparels enters its November 12 Q2 FY27 results announcement after a June quarter in which consolidated sales were ₹401.08 crore, modestly below the prior-year level but higher than the preceding quarter. Reported net profit, EBITDA and operating margin were higher than the relevant comparative figures cited for the period, while material and employee costs also increased.

The key disclosed dates are the November 12 board meeting for unaudited Q2 FY27 results and the November 16 earnings call at 12:00 PM IST. Investors will watch the reported September-quarter sales, margins, cost movements, cash generation and management’s comments on the ₹2,000 crore revenue guidance and garment-business target.