S.P. Apparels Q2 Results FY27: Revenue Rises 5.82% YoY to Rs 452.22 Cr, PAT Rs 37.06 Cr
- November 12, 2026
- Posted by: Harsh Piplani
- Category: Results
Quick Answer
S.P. Apparels Q2 Results FY27 were declared on 12 November 2026 on a Consolidated basis. The quarterly results show revenue of Rs 452.22 Cr, up 5.82% YoY from Rs 427.34 Cr, and net profit of Rs 37.06 Cr, up 6.8% YoY from Rs 34.70 Cr. Operating Profit was Rs 66.65 Cr, up 4.71% YoY, so YoY growth was positive on all three lines.
S.P. Apparels Ltd (SPAL) Q2 Results FY27 announced on 12 November 2026, covering the company’s financial performance for the July to September quarter. The results date brought the consolidated results into the public record, and S.P. Apparels Q2 Results FY27 list revenue of Rs 452.22 Cr and a net profit (PAT) of Rs 37.06 Cr, both higher than in the same quarter last year.
This S.P. Apparels Q2 Results analysis covers the financial highlights, business drivers, outlook and risks for the quarter. The results analysis relies only on the figures disclosed with the filing and opens with the highlights table that sets the quarter beside the same period a year earlier.
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S.P. Apparels Q2 Results FY27: Financial Highlights
| Metric | Q2 FY27 (Sep 26) | Q2 FY26 (Sep 25) | YoY Change |
|---|---|---|---|
| Revenue | Rs 452.22 Cr | Rs 427.34 Cr | +5.82% YoY |
| Operating Profit | Rs 66.65 Cr | Rs 63.65 Cr | +4.71% YoY |
| Net Profit (PAT) | Rs 37.06 Cr | Rs 34.7 Cr | +6.8% YoY |
Source: company filing for S.P. Apparels Q2 Results FY27, 12 November 2026. Figures in Rs Crore, Consolidated basis.
Key Takeaways from S.P. Apparels Q2 Results: What Stands Out
- Revenue rose 5.82% YoY to Rs 452.22 Cr from Rs 427.34 Cr in the same quarter of the previous year.
- Net profit grew 6.8% YoY to Rs 37.06 Cr, against Rs 34.70 Cr a year earlier, as reported in S.P. Apparels Q2 Results FY27.
- Operating Profit stood at Rs 66.65 Cr, up 4.71% from Rs 63.65 Cr, so YoY growth was positive on this profit line too.
- Net profit grew faster than revenue, since the 6.8% rise in net profit was larger than the 5.82% rise in revenue.
- Debt is high at 0.42 times total assets in FY26, a point the risk section returns to.
S.P. Apparels Q2 Results FY27: Performance Analysis
The numbers show steady growth on every reported line. Revenue of Rs 452.22 Cr was 5.82% above the Rs 427.34 Cr reported a year earlier, and net profit of Rs 37.06 Cr was 6.8% above Rs 34.70 Cr. That pattern is the core of the results analysis for the quarter.
S.P. Apparels Q2 Results FY27 also show Operating Profit of Rs 66.65 Cr against Rs 63.65 Cr, a 4.71% YoY increase. Net profit grew a little faster than revenue, and Operating Profit grew a little slower. The quarterly results confirm these movements but do not establish a specific cause.
Investors following S.P. Apparels Q2 Results can treat the YoY growth figures as the base for coming disclosures on revenue, Operating Profit and net profit. The Univest Screener lists such figures for other listed companies, and the next step of the results analysis is the set of business factors disclosed for the quarter.
The growth rates in S.P. Apparels Q2 Results FY27 are single-digit on every line. The consolidated results therefore describe a quarter of modest, steady expansion, and later filings will show whether revenue, Operating Profit and net profit keep moving up at a similar pace.
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Key Business Factors This Quarter
Revenue Growth – The results analysis points first to revenue, which grew 5.8% YoY to Rs 452.22 Cr in the latest quarter. This is a modest rise on the Rs 427.34 Cr base of the comparison quarter.
Net Profit Rise – Net profit rose 6.8% YoY to Rs 37.06 Cr in S.P. Apparels Q2 Results FY27. The rise in net profit was slightly larger than the rise in revenue, which shows up in the performance figures covered above.
FY27 Outlook After S.P. Apparels Q2 Results
Full-year FY27 results will depend on the quarters that follow. The second quarter provides a base of Rs 452.22 Cr in revenue and Rs 37.06 Cr in net profit, and this results analysis treats both as reference points, not forecasts. Later filings will show whether the YoY growth pace continues.
S.P. Apparels Q2 Results FY27 also give Operating Profit of Rs 66.65 Cr as a reference line for later quarters. Net profit and revenue are the figures to compare when the next consolidated results are filed, and the Univest app lists these filings as they are declared. The risks around those comparisons come next.
A quarter with growth on every line gives later filings a clear point of comparison. Revenue, Operating Profit and net profit from S.P. Apparels Q2 Results FY27 can be set beside the next set of consolidated results to see how the pace of change evolves.
Key Risks to Watch After S.P. Apparels Q2 Results FY27
High Debt Level
Debt is high at 0.42 times total assets in FY26. This balance sheet figure is the first item to track alongside the profit lines in S.P. Apparels Q2 Results FY27 and in later filings.
Declining Return on Equity
Return on equity declined to 11.22% in FY26 from 11.74% in FY25. The change gives context to the quarterly figures, so the next consolidated results are worth checking for any shift.
Return on Equity Below 15%
Return on equity of 11.22% in FY26 is below 15%. Later filings will show whether this ratio moves higher as revenue and net profit keep growing.
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Conclusion
S.P. Apparels Q2 Results FY27 show consolidated revenue of Rs 452.22 Cr, Operating Profit of Rs 66.65 Cr and net profit of Rs 37.06 Cr, all higher YoY. Taken together, the consolidated results and quarterly results describe growth on every reported line. Investors should read S.P. Apparels Q2 Results alongside the filing and consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.
Frequently Asked Questions on S.P. Apparels Q2 Results FY27
What are S.P. Apparels Q2 Results FY27?
Ans. S.P. Apparels Q2 Results FY27 are consolidated results for the July to September 2026 quarter, with revenue of Rs 452.22 Cr and net profit of Rs 37.06 Cr, as the Quick Answer box sets out.
What is the results date for S.P. Apparels Q2 Results FY27?
Ans. The results date for S.P. Apparels Q2 Results FY27 is 12 November 2026, when S.P. Apparels declared its quarterly results, and the opening paragraphs cover that filing and its consolidated basis.
What revenue was reported in S.P. Apparels Q2 Results FY27?
Ans. S.P. Apparels reported revenue of Rs 452.22 Cr for the quarter against Rs 427.34 Cr a year earlier, so the top line moved higher, as the Financial Highlights table shows.
What net profit was reported in S.P. Apparels Q2 Results FY27?
Ans. S.P. Apparels reported net profit of Rs 37.06 Cr for the quarter against Rs 34.70 Cr a year earlier, while the Key Takeaways section lists this rise of 6.8% among the standout facts.
How much YoY growth did revenue show in S.P. Apparels Q2 Results FY27?
Ans. Revenue showed YoY growth of 5.82%, rising to Rs 452.22 Cr from Rs 427.34 Cr, and the Performance Analysis section explains how this sits next to the profit lines.
Did net profit rise or fall in S.P. Apparels Q2 Results?
Ans. S.P. Apparels Q2 Results show that net profit rose 6.8% YoY to Rs 37.06 Cr from Rs 34.70 Cr, which means profit grew slightly faster than revenue, as covered in the Performance Analysis section.
What was the Operating Profit in S.P. Apparels Q2 Results FY27?
Ans. Operating Profit was Rs 66.65 Cr compared with Rs 63.65 Cr in the same quarter last year, a rise of 4.71%, as shown in the Financial Highlights table and discussed in the Performance Analysis.
Are S.P. Apparels Q2 Results consolidated results or standalone results?
Ans. S.P. Apparels Q2 Results are consolidated results, so every revenue, Operating Profit and net profit figure in this article is on the consolidated basis, as the introduction states.
What business factors shaped S.P. Apparels Q2 Results FY27?
Ans. The disclosed business factors are the 5.8% YoY revenue growth and the 6.8% rise in net profit to Rs 37.06 Cr, both covered in the Key Business Factors section.
What are the key risks after S.P. Apparels Q2 Results FY27?
Ans. The key risks are the high debt of 0.42 times total assets in FY26 and the return on equity of 11.22%, which fell from 11.74% and sits below 15%, as the Key Risks section sets out.
What is the outlook after S.P. Apparels Q2 Results?
Ans. Full-year FY27 results will depend on the quarters that follow, so this quarter serves as a reference point, as the Outlook section explains, and the Univest app tracks later filings.
Where can I find the complete S.P. Apparels Q2 Results FY27 data?
Ans. The complete figures sit in the Financial Highlights table above, which compares this quarter with the same quarter last year, while the Univest Screener lists quarterly results for other companies.
