Iconik Sports And Events Ltd (511260)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Iconik Sports' revenue was ₹18.4 Cr (+44.4% year on year, +30.0% on the previous quarter), and net profit ₹1.1 Cr (-64.0% year on year); the operating margin was 13.7%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹18.4 | +44.4% | +30.0% |
| Operating profit | ₹2.5 | -37.8% | +270.6% |
| Net profit | ₹1.1 | -64.0% | +67.6% |
| EPS (₹) | 0.34 | -78.9% | +70.0% |
| Operating margin | 13.7% | — | — |
📢 Recent Corporate Announcements
Iconik Sports And Events Limited held a Board meeting on August 31, 2026, approving the re-appointment of M/s. D G M S & Co., Chartered Accountants, as Statutory Auditors for a second term of 1 year. The appointment spans from the conclusion of the FY 2025-26 Annual General Meeting (AGM) to the FY 2026-27 AGM, subject to shareholder approval. The Board also approved the FY 2025-26 Directors' Report and scheduled the AGM for September 29, 2026 via video conference.
- Re-appointment of Statutory Auditors M/s. D G M S & Co. approved for a 1-year second term
- Auditor tenure will run from FY 2025-26 AGM to the conclusion of FY 2026-27 AGM
- Annual General Meeting (AGM) scheduled for September 29, 2026 at 03:00 p.m. via VC/OAVM
- Board meeting commenced at 04:30 p.m. and concluded at 05:10 p.m. on August 31, 2026
Iconik Sports And Events Limited announced the outcome of its Board meeting held on August 31, 2026. The Board approved the re-appointment of M/s. D G M S & Co., Chartered Accountants, as Statutory Auditors for a second term of 1 year, spanning the conclusion of the FY26 AGM to the FY27 AGM, subject to member approval. Additionally, the Annual General Meeting for FY 2025-26 has been scheduled for Tuesday, September 29, 2026, at 03:00 p.m. via video conferencing. The Directors' Report and AGM notice were also formally approved.
- Board approved re-appointment of M/s. D G M S & Co. as Statutory Auditors for a 1-year second term
- AGM for FY 2025-26 scheduled on Tuesday, September 29, 2026, at 03:00 p.m. via VC/OAVM
- Board meeting commenced at 04:30 p.m. and concluded at 05:10 p.m. on August 31, 2026
Iconik Sports reported zero revenue from operations for the quarter ended June 30, 2026, consistent with the same period last year but a sharp decline from the Rs 18.35 Cr reported in the preceding quarter. The company posted a net loss of Rs 1.09 Cr, primarily due to 'Other expenses' amounting to Rs 1.03 Cr. This performance highlights the extreme seasonality of the business, where revenue is concentrated in specific event windows. The loss per share for the quarter stood at Rs 0.32.
- Revenue from operations fell to Nil in Q1 FY27 from Rs 18.35 Cr in the preceding quarter (Mar 2026).
- Reported a net loss of Rs 1.09 Cr for the quarter, compared to a profit of Rs 1.14 Cr in the previous quarter.
- Other expenses of Rs 1.03 Cr constituted the majority of the quarterly cash burn.
- Basic EPS declined to -0.32 from 0.34 in the preceding quarter.
- Paid-up equity share capital remains stable at Rs 33.84 Cr.
Iconik Sports and Events Ltd reported zero revenue from operations for the quarter ended June 30, 2026, a sharp decline from Rs 18.35 Cr in the preceding quarter (March 2026). The company posted a net loss of Rs 1.09 Cr, reversing a profit of Rs 1.14 Cr in the previous quarter. Total expenses dropped significantly to Rs 1.09 Cr from Rs 15.83 Cr sequentially, primarily due to lower 'Other expenses'. This performance underscores the extreme seasonality of the company's sports management business, which is heavily dependent on specific event windows.
- Revenue from operations fell to Rs 0.00 for Q1 FY27 from Rs 18.35 Cr in Q4 FY26.
- Net loss for the quarter stood at Rs 1.09 Cr compared to a profit of Rs 1.14 Cr in the preceding quarter.
- Total expenses decreased by 93% sequentially to Rs 1.09 Cr, down from Rs 15.83 Cr.
- Employee benefit expenses remained relatively flat at Rs 6.08 Lacs vs Rs 6.00 Lacs in the previous quarter.
- Basic EPS declined to -0.32 from 0.34 in the preceding quarter.
Iconik Sports and Events Ltd has scheduled a board meeting for August 13, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The company reported a TTM revenue of ₹46 Cr and a PAT of ₹4 Cr, recovering from a zero-revenue quarter in June 2025. Investors should monitor if the revenue momentum from the March 2026 quarter (₹18.35 Cr) continues, especially given the low promoter holding of 8.68%. The trading window has been closed since July 1, 2026, in compliance with SEBI regulations.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Trading window closed from July 1, 2026, until 48 hours post-announcement
- Company reported TTM revenue of ₹46 Cr and TTM PAT of ₹4 Cr
- Promoter holding remains low at 8.68% as of March 2026
- Stock has experienced a 50.7% price decline over the last 12 months
Financial Performance
Revenue Growth by Segment
Total revenue reached INR 12.71 Cr (1271.19 Lakhs) in FY25, representing an exponential growth of 46,981% from INR 0.027 Cr (2.70 Lakhs) in FY24. Segment-wise performance was reported as not applicable for the current period.
Geographic Revenue Split
Not disclosed in available documents, though the company is headquartered in Mumbai and identifies infrastructure gaps outside metro areas as a key risk, implying a heavy concentration in major urban centers.
Profitability Margins
Operating Profit Margin improved to 27.36% in FY25 from a negative (227.41%) in FY24. Net Profit Margin stood at 20.47% in FY25 compared to a negative (238.52%) in the previous year, driven by the successful pivot to sports management.
EBITDA Margin
EBITDA Margin was 27.36% (INR 3.47 Cr) in FY25, a significant turnaround from an EBITDA loss of INR 0.06 Cr in FY24. This shift is attributed to the commencement of large-scale operations like the World Padel League.
Capital Expenditure
Total assets increased by INR 53.82 Cr, rising from INR 0.49 Cr to INR 54.31 Cr in FY25. This growth was largely fueled by cash and cash equivalents from operations and a further issue of equity shares at a premium.
Credit Rating & Borrowing
Not disclosed in available documents; however, the Debt-Equity ratio shifted to 13.76 in FY25 from (1.13) in FY24 due to significant changes in the capital structure.
Operational Drivers
Raw Materials
As a service-oriented sports management firm, traditional raw materials are not applicable. Primary costs are Employee Benefit Expenses and Operating Expenses, which totaled INR 9.23 Cr in FY25.
Import Sources
Not applicable for the sports management and events service model.
Capacity Expansion
Not applicable in traditional manufacturing terms; however, the company expanded its operational capacity by successfully organizing Season 1 of the World Padel League and is scaling into Cricket and Tennis formats.
Raw Material Costs
Operating expenses increased to INR 9.23 Cr in FY25 from INR 0.09 Cr in FY24, representing 72.6% of total revenue, primarily due to the costs of organizing large-scale sporting events.
Manufacturing Efficiency
Not applicable; however, the company leverages operational expertise from niche sports (Padel) to scale into more popular arenas like Cricket.
Strategic Growth
Growth Strategy
The company plans to achieve growth by expanding into emerging leagues such as Padel and Tennis, offering data analytics and performance tools to teams, and developing digital fan engagement platforms. It also aims to scale through corporate sports events and athlete branding services, leveraging government initiatives like Khelo India.
Products & Services
Sports infrastructure development, league management (e.g., World Padel League), commercial sports ventures, digital innovation tools, athlete branding, and event management solutions.
Brand Portfolio
World Padel League, Iconik Sports and Events.
New Products/Services
Upcoming ventures in Cricket and Tennis leagues are expected to be major revenue contributors, building on the track record established by the World Padel League.
Market Expansion
Strategic expansion across multi-sport formats and tapping into grassroots events to strengthen market presence beyond niche sports.
External Factors
Industry Trends
The Indian sports management industry is evolving through digital adoption and AI. New monetization avenues like fantasy sports and esports are expanding the market, while government reforms aim for transparency in governance.
Competitive Landscape
The market is seeing growth from firms focusing on grassroots development and athlete analytics, though specific competitors are not named.
Competitive Moat
The company possesses a first-mover advantage and operational expertise in niche sports leagues (e.g., World Padel League), which is sustainable due to the specialized knowledge required for end-to-end event solutions and sponsorship management.
Macro Economic Sensitivity
Highly sensitive to private investment trends in sports and government initiatives like Khelo India which drive demand for organized sports management.
Consumer Behavior
Increasing interest in diverse sports beyond cricket and rising engagement with digital fan platforms and fantasy sports.
Regulatory & Governance
Industry Regulations
Operations are subject to sports governance reforms and regulatory requirements for event management and infrastructure development.
Risk Analysis
Key Uncertainties
Regulatory uncertainty and seasonal revenue fluctuations are primary risks. Infrastructure gaps outside metro areas could limit growth potential by restricting event locations.
Geographic Concentration Risk
Operations appear concentrated in metro areas, with the registered office in Mumbai.
Third Party Dependencies
Dependency on the availability of sports infrastructure and stadium facilities managed by third parties or government bodies.
Technology Obsolescence Risk
Risk of falling behind in the rapidly evolving sports-tech landscape, specifically in AI-driven analytics and fan engagement tools.
Credit & Counterparty Risk
Debtors Turnover Ratio was NA for FY25, indicating no credit sales were recorded, which minimizes immediate counterparty credit risk.
