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| 01.02.1948 | Real Murcia | - | CD Málacitano | 3:0 | ||
| Real Valladolid | - | Barakaldo CF | 4:1 | |||
| RCD Mallorca | - | Levante UD | 0:0 | |||
| CD Castellón | - | Hércules CF | 5:2 | |||
| Deportivo La Coruña | - | RCD Córdoba | 6:0 | |||
| Granada CF | - | Racing Ferrol | 4:2 | |||
| CD Mestalla | - | CF Badalona | 6:3 |
| » Classement | équipe recevante | à l'extérieur | Premier tour | Second tour |
| # | Équipe | M. | G. | N. | P. | Buts | Diff. | Pts. | |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
Real Valladolid | 18 | 11 | 4 | 3 | 37:23 | 14 | 26:10 |
| 2 |
|
Deportivo La Coruña | 18 | 11 | 2 | 5 | 46:18 | 28 | 24:12 |
| 3 |
|
CD Málacitano | 18 | 10 | 1 | 7 | 50:37 | 13 | 21:15 |
| 4 |
|
Hércules CF | 18 | 10 | 0 | 8 | 55:46 | 9 | 20:16 |
| 5 |
|
CD Mestalla | 18 | 8 | 3 | 7 | 44:42 | 2 | 19:17 |
| 6 |
|
Racing Ferrol | 18 | 8 | 2 | 8 | 39:31 | 8 | 18:18 |
| 7 |
|
Real Murcia | 18 | 7 | 4 | 7 | 29:34 | -5 | 18:18 |
| 8 |
|
CF Badalona | 18 | 7 | 3 | 8 | 46:52 | -6 | 17:19 |
| 9 |
|
CD Castellón | 18 | 7 | 2 | 9 | 37:39 | -2 | 16:20 |
| 10 |
|
Levante UD | 18 | 6 | 3 | 9 | 39:38 | 1 | 15:21 |
| 11 |
|
RCD Córdoba | 18 | 6 | 3 | 9 | 26:36 | -10 | 15:21 |
| 12 |
|
RCD Mallorca | 18 | 6 | 3 | 9 | 28:48 | -20 | 15:21 |
| 13 |
|
Granada CF | 18 | 6 | 2 | 10 | 32:41 | -9 | 14:22 |
| 14 |
|
Barakaldo CF | 18 | 7 | 0 | 11 | 29:52 | -23 | 14:22 |
