Also trades as: SPAL.NS (NSE) · $vol 2M

₹936.65 ($9.73)

-3.85 (-0.41%)

BSE · Consumer Cyclical · Apparel - Manufacturers · Tech Score Sell · Power 35 · ₹23.6B mcap · 9M float · 0.137% daily turnover

Revenue

$15.8B +13.2% ▲

5Y CAGR: +20.1%

Gross Profit

$4.5B -44.3% ▼

5Y CAGR: +8.3%

Operating Income

$1.7B +17.6% ▲

5Y CAGR: +26.6%

Net Income

$1.0B +6.1% ▲

5Y CAGR: +18.5%

EPS (Diluted)

$40.22 +6.2% ▲

5Y CAGR: +19.1%

EBITDA

$2.3B +14.8% ▲

5Y CAGR: +17.3%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$8.2B	$10.3B	$10.3B	$14.0B	$15.8B
YoY Growth	+30.1%	+25.0%	+0.4%	+35.3%	+13.2%
Cost of Revenue	$4.3B	$5.7B	$5.3B	$5.8B	$11.2B
Gross Profit	$3.9B	$4.6B	$5.0B	$8.2B	$4.5B
Gross Margin	48.0%	44.7%	48.9%	58.5%	28.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$193M	$227M	$283M	$424M	$2.8B
Operating Expenses	$2.8B	$3.4B	$3.8B	$6.7B	$2.8B
Operating Income	$1.1B	$1.2B	$1.3B	$1.4B	$1.7B
Operating Margin	13.6%	11.6%	12.4%	10.4%	10.8%
Interest Expense	$127M	$176M	$187M	$319M	$407M
Income Before Tax	$1.1B	$1.1B	$1.2B	$1.2B	$1.4B
Tax Expense	$301M	$283M	$280M	$281M	$401M
Net Income	$847M	$825M	$896M	$951M	$1.0B
Net Margin	10.3%	8.0%	8.7%	6.8%	6.4%
EPS (Diluted)	$32.96	$32.37	$35.72	$37.88	$40.22
EBITDA	$1.6B	$1.6B	$1.7B	$2.0B	$2.3B
Shares Outstanding	26M	25M	25M	25M	25M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$2.5B	$3.9B	$3.6B	$4.0B	$4.0B	$4.3B	$3.8B	$3.6B
Cost of Revenue	$849M	$1.7B	$1.5B	$1.7B	$1.7B	$3.0B	$1.6B	$4.9B
Gross Profit	$1.6B	$2.2B	$2.1B	$2.2B	$2.3B	$1.3B	$2.2B	-$1.3B
Gross Margin	65.4%	56.3%	58.8%	56.2%	57.3%	30.1%	58.5%	-35.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$585M	$0	$0	$767M	$0	$0	$0	$657M
Operating Expenses	$1.4B	$1.8B	$1.7B	$1.8B	$1.9B	$766M	$1.8B	-$1.6B
Operating Income	$232M	$387M	$397M	$429M	$416M	$519M	$441M	$323M
Operating Margin	9.5%	9.9%	11.1%	10.8%	10.3%	12.1%	11.5%	8.9%
Interest Expense	$53M	$107M	$78M	$97M	$118M	$103M	$100M	$86M
Income Before Tax	$206M	$304M	$348M	$375M	$308M	$468M	$370M	$264M
Tax Expense	$26M	$85M	$100M	$71M	$101M	$121M	$100M	$78M
Net Income	$180M	$219M	$248M	$304M	$207M	$347M	$270M	$186M
Net Margin	7.4%	5.6%	6.9%	7.6%	5.1%	8.1%	7.1%	5.1%
EPS (Diluted)	$7.19	$8.73	$9.86	$12.10	$8.20	$13.77	$10.71	$7.40
EBITDA	$357M	$521M	$538M	$585M	$538M	$705M	$595M	$474M
Shares Outstanding	25M	25M	25M	25M	25M	25M	25M	25M

SPAL.BO BSE