Construction & Engineering company Skipper announced Q3FY26 results Company registered its highest-ever quarterly revenue of Rs 13,706 million on back of strong execution across all its business segments, achieved growth of 20.7% over Q3FY25. The engineering business achieved its best-ever quarter revenue of Rs 10,881 million against Rs 9,067 million in the previous year quarter, registering a growth of 20%. EBITDA rose 27.5% YoY to Rs 1,414 million, highest ever for any quarter, compared to Rs 1,109 million in Q3FY25. EBITDA Margins improved to 10.3% against 9.8% in Q3FY25. Finance cost as% of sales improved to 4.1% against 4.4% in previous year quarter , with ongoing initiatives aimed at bringing it further down in subsequent quarters. Robust growth in bottom line – Operating PAT increased to Rs 502 million, the highest for any quarter, registering 40% YoY growth. PAT margin improved to 3.7% of sales against 3.2% in Q3FY25. Sharan Bansal, Director, said: “We have delivered yet another outstanding quarter and a strong nine-months performance with our highest-ever quarterly revenue, EBITDA and profitability, driven by strong execution across all major business segments. Revenues grew 21% YoY, while EBITDA increased 28% to Rs 1,414 million, with margins expanding to 10.3% on the back of operating leverage and tighter cost discipline. Finance cost as a percentage of sales declined to 4.1%, further reinforcing earnings quality. Net profit surged 40% YoY to Rs 502 million in Q3FY26, underpinned by continued improvement in return metrics and balance sheet stregth. Order inflows during the period stood at Rs 1,429 crore, led by Power Grid and key export markets, taking the order book to an all-time high of approximately USD 1 billion, with a bidding pipeline of USD 3 billion. This provides multi-year revenue visibility and positions us strongly for accelerated growth. Capacity expansion remains a key growth driver. The recently commissioned 75,000 MTPA capacity is fully operational, supporting higher export & domestic volumes and short-cycle orders, while additional expansion of 75,000 MTPA is underway, taking our total installed capacity to 450,000 MTPA by year end. Capacity utilization has already crossed 85%, underscoring strong demand momentum. Alongside financial performance, we continue to strengthen our organisation and systems. We are proud to be recognised as a “Great Place to Work” for the fifth consecutive year, reflecting the depth of our talent and culture. The successful go-live of our SAP implementation marks a major milestone in our digital transformation, enhancing process control, scalability and operational efficiency. With strong Power T&D; tailwinds, record backlog, expanding capacities and improving profitability, we are firmly positioned to deliver another record year and drive sustained value creation for our shareholders while building a globally competitive infrastructure solutions platform.” Result PDF
Construction & Engineering company Skipper announced Q2FY26 results Revenue: Rs 12,618 million compared to Rs 11,097 million during Q2FY25, change 14%. EBITDA: Rs 1,307 million compared to Rs 1,124 million during Q2FY25, change 16%. EBITDA Margin: 10.4% for Q2FY26. PBT: Rs 622 million compared to Rs 454 million during Q2FY25, change 37%. PAT: Rs 449 million compared to Rs 339 million during Q2FY25, change 32%. Sharan Bansal, Executive Director, Skipper, said: “Q2 has materially elevated the trajectory of this company, both financially and strategically. Our highest ever Q2 revenue of Rs 12,618 million and EBITDA of Rs 1,307 million are not just outcome metrics but are leading indicators of a structurally stronger Skipper. The mix upgrade into higher quality T&D; projects, pricing discipline and capacity readiness are now fully reflecting in margin expansion. We are scaling on both vectors – scale and quality – simultaneously.” “Our order book now at Rs 88,204 million gives us high visibility for the next 18 to 24 months with a significantly improved earnings profile. The new capacity blocks are commercial, test bed 2 is live & our R&D; alliance with IIT Kharagpur strengthens the deep science on galvanizing. We have entered an earnings compounding zone where margin stability and volume expansion will co-exist and FY’26 will be a defining year in that compounding curve.” Devesh Bansal, Executive Director, Skipper, said: “The momentum across both domestic and global markets is unprecedented. Winning 765 kV PGCIL projects back-to-back and clearing audits from large international utilities, reinforces our position in the top league of global manufacturers. With SAP S/4HANA RISE rolling out and ESG optimisations like Waste Heat Recovery already implemented, we are engineering a company that is not only performing today, but is architected for scale, transparency and global competitiveness in the decade ahead.” Result PDF
Construction & Engineering company Skipper announced Q1FY26 results Company registered its highest-ever first quarter revenue of Rs 12,539 million on back of strong execution in Engineering & Polymer business segments, achieved growth of 14.9 % over Q1FY25. EBITDA rose 22% YoY to Rs Rs 1,272 million, highest ever for any quarter, compared to Rs 1,047 million in Q1FY25. EBITDA margins improved to 10.1 % ( vs 9.6% YoY) driven by operating leverage and execution of higher quality T&D; contracts. PAT increased to Rs 447 million, registering 41 % growth over Rs 316 million reported in Q1FY25. PAT Margin improved to 3.6 % of sales against 2.9 % in previous year quarter. Finance cost as % of sales improved to 4.2 % against 4.7 % in Q1FY25, with ongoing initiatives aimed at bringing it further down in subsequent quarters. Sharan Bansal, Director, said: “We are thrilled to report an exceptional start to the financial year, with our highest-ever first-quarter revenue and profitability a clear validationof the strategic roadmap we’ve laid out. With a 15% YoY topline growth, the momentum across our core segments remains strong andbacked by solid execution across businesses. We are especially encouraged by the unprecedented momentum in the Power Transmission & Distribution (T&D;) sector, which has emerged as apowerful multi-decade growth opportunity both in India and globally. The accelerating energy transition, massive grid modernization, and risinginvestments in renewables and cross-border interconnections are driving a structural upswing in T&D; capex across key markets. Our business isperfectly aligned to capitalize on this shift. This quarter, we secured Rs 9,775 million in fresh orders, including marquee wins from PGCIL and international customers, and our order book nowstands at an all-time high level of Rs 85,205 million, providing long-term visibility and execution strength. With a bidding pipeline exceeding Rs 300,000 million,we are participating in a wide range of high-value tenders across domestic, Middle East, LATAM, Asia Pacific, North America andAfrican markets many of which are significantly larger in size and more complex in scope than ever before. We see this as a transformationalperiod for the company, where scale, cost leadership, and trust will define the winners—and we are exceptionally well-positioned on all threefronts. Our 75,000 MTPA new capacity is now fully installed and commercially operational. This is a strategic enabler that now allows us to target fasttrack export orders and short-cycle demand, segments where we faced constraints last year. In addition, we have embarked on another 75,000MTPA capacity expansion, with a bold vision to become the world’s largest transmission tower manufacturer with 600,000 MTPA capacity by FY28.On the financial front, our bottom-line saw a 41 % YoY growth, supported by improving EBITDA margins, stronger working capitalefficiency, and disciplined control over finance costs. This performance reaffirms our ability to grow profitably even as we scale rapidly. We believe we are entering a golden era for power infrastructure, and our company stands at the forefront of this opportunity—leveraging itsscale, credibility, and cost advantage to lead in both traditional and new-age markets. With a record order book, growing execution muscle, andan unmatched manufacturing footprint, we are confident of delivering another landmark year of performance and creating sustained value forour investors” Result PDF
Construction & Engineering company Skipper announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Company registered its highest-ever quarterly revenue of Rs 12,878 million on back of strong execution in Engineering & Polymer business segments, achieved growth of 11.6 % over Q3FY25. EBITDA increased to Rs 1,237 million against Rs 1,085 million, up by 14 %. Consolidated EBITDA margins improved to 9.6 % against 9.4% in Q3FY25. Finance cost as % of sales improved to 4.4% against 4.5% in Q3FY25. Robust growth in bottom line – Consolidated PAT increased to Rs 479 million, the highest for any quarter, registering 90% growth over Rs 252 million reported in Q4FY24; PAT Margin improved to 3.7 % of sales against 2.2% in Q4FY24. FY25 Financial Highlights: Achieved its best ever annual revenue performance; Revenue increased to Rs 46,245 million against Rs 32,820 million, registering a stupendous growth of 41 % Consolidated EBITDA margins stood at 9.8 % for FY25. Consolidated PBT increased to Rs 1,987 million, the highest ever, registering a strong growth of 55% compared to Rs 1,285 million in FY24; PBT margin to sales increased to 4.3 % of sales against 3.9 % in FY24. Consolidated PAT surged 83% YoY to an all time high of Rs 1,493 million, compared to Rs 817 million in FY24 period ; The PAT margin to sales improved to 3.2 % against 2.5 % in corresponding period, showcasing an improvement of 70 bps. Finance cost was stable at 4.6% of sales, with ongoing initiatives aimed at bringing it down in subsequent quarters. Sharan Bansal, Director, Skipper, said: “I am pleased to report that our company has continued its strong performance trajectory, delivering record-breaking results and reinforcing our position as a leading force in the power infrastructure space. During the fourth quarter, we recorded our highest-ever revenue of Rs 12,878 million, up 12% YoY. For the full year, revenue stood at Rs 46,245 million, reflecting a solid 41% growth. Our engineering business continues to be a key growth driver. Profitability also improved significantly—PAT rose by 90% YoY in Q4 to Rs 479 million, and full-year PAT reached Rs 1,493 million, up 83%, both being the highest in our history. We have further cemented our leadership in the domestic power transmission & distribution (T&D;) segment with significant wins from PGCIL, private TSOs, SEBs and International markets. We secured Rs 15,920 million in new orders during the quarter, bringing our FY25 order inflow to Rs 53,353 million, up 24% YoY. Our order book now stands at Rs 74,584 million, an all-time high, providing strong revenue visibility and a diversified pipeline. Our capacity expansion plan is on schedule, with 75,000 MT of additional capacity becoming expected to be operational by May 2025, supporting both domestic growth and international expansion. The sector’s outlook remains highly favorable, with the CEA projecting Rs 9.15 lakh crore of investments in transmission infrastructure by 2032. Coupled with the global shift toward renewable energy, we are well-positioned to capitalize on emerging opportunities. During the year, we also made strategic progress on new growth vectors. Our entry into Substation EPC has been validated with our first major order, and we marked a breakthrough in the U.S. market with a multi-million dollar pole supply contract from a top-tier EPC player—laying the foundation for long-term global growth. In line with our commitment to digital transformation, we are in the advanced stages of implementing SAP S/4HANA RISE, a key step in strengthening enterprise-wide efficiencies and future-readiness. As we look ahead, we remain confident in our ability to deliver sustainable value creation, powered by strong fundamentals, a robust order pipeline, and a sharp focus on growth-driven execution. On behalf of the board and the leadership team, I thank our stakeholders for their continued trust and support as we strive to shape the future of power infrastructure—domestically and globally” Result PDF