SPAL

March 7 (Reuters) - S.P.Apparels Ltd SPAP.NS:

• RE-APPOINTS SUNDARARAJAN CHENDURAN AS JOINT MANAGING DIRECTOR

• RE-APPOINTS SUNDARARAJAN SHANTHA AS JOINT MANAGING DIRECTOR

Source text: ID:nBSEsQkWZ

Further company coverage: SPAP.NS

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** S.P. Apparels SPAP.NS rises 5.6% to 880.20 rupees

** Q3 consol profit jumps 40.6% y/y, revenue soars 42.5%

** Around 44,082 shares traded, 1.6x the 30-day average

** SPAP gained 50.9% in 2024

(Reporting by Vijay Malkar)

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Nov 11 (Reuters) - S.P.Apparels Ltd SPAP.NS:

• SEPT-QUARTER CONSOL NET PAT 219.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.91 BILLION RUPEES

Source text: ID:nNSE8mGYn9

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May 21 (Reuters) - S.P.Apparels Ltd SPAP.NS:

• S.P. APPARELS LTD MARCH-QUARTER CONSOL NET PAT 284.6 MILLION RUPEES VERSUS 205.2 MILLION RUPEES

• S.P. APPARELS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.95 BILLION RUPEES VERSUS 2.75 BILLION RUPEES

Source text for Eikon: ID:nNSE8TFS8T

Further company coverage: SPAP.NS

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Feb 12 (Reuters) - S.P.Apparels Ltd SPAP.NS:

• S.P. APPARELS LTD DEC-QUARTER CONSOL NET PAT 176.1 MILLION RUPEES VERSUS 132.7 MILLION RUPEES

• S.P. APPARELS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.52 BILLION RUPEES VERSUS 2.51 BILLION RUPEES

Source text for Eikon: ID:nBSE1jxNSh

Further company coverage: SPAP.NS

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Feb 5 (Reuters) - S.P.Apparels Ltd SPAP.NS:

• ENTERED INTO MEMORANDUM OF UNDERSTANDING FOR PURCHASE OF YOUNG BRAND APPAREL

• DEAL FOR 950 MILLION RUPEES

Source text for Eikon: ID:nNSE24vcwD

Further company coverage: SPAP.NS

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** Shares of S.P. Apparels Ltd SPAP.NS fall as much as 4.1% to 443.3 rupees

** Apparel maker says June-qtr consolidated net profit-after-tax fell 50% as expenses rose; revenue from ops up 0.8%

** Trading volume at ~30,300 shares, 0.8x the 30-day avg of ~35,700 shares as of 2:15 p.m. IST

** Stock up 37.8% so far this year

(Reporting by Biplob Kumar Das in Bengaluru)

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** Indian textile sector poised to ride the next upcycle as home textiles and readymade garments players gain market share in key export markets of U.S., Europe amid receding global retail inventories, says brokerage Sharekhan

** Upgrades view on textile sector to "positive" from "neutral", citing brighter industry outlook from 2H of FY24

** "China Plus One" strategy, potential free trade agreements, falling cotton, crude prices can help earnings grow 20%-41% over FY23-25, for cos with focus on exports, higher capacity utilisation - Sharekhan analysts

** Gokaldas Exports Ltd GOKL.NS, KPR Mill Ltd KPRM.NS and S.P. Apparels Ltd SPAP.NS preferred picks in garment space, Himatsingka Seide Ltd HMSD.NS in home textile space

** Also initiates coverage on GOKL with "buy" rating, price target of 635 rupees

(Reporting by Nandan Mandayam in Bengaluru)

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