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
Construction & Engineering company Skipper announced Q3FY25 results Financial Highlights: Revenue: Rs 11,352 million compared to Rs 8,016 million during Q3FY24, change 42%. EBITDA: Rs 1,109 million compared to Rs 771 million during Q3FY24, change 44%. EBITDA margin: 9.8% for Q3FY25. PBT: Rs 484 million compared to Rs 291 million during Q3FY24, change 67%. PAT: Rs 361 million compared to Rs 205 million during Q3FY24, change 76%. Other Highlights: Closing Order Book: Stands at Rs 63,541 million, with 89% from domestic markets and 11% from exports. Quarterly Order Inflow: Rs 13,182 million for engineering products supplies and EPC works. Significant Domestic Contracts: Secured significant large domestic contracts from Power Grid Corporation of India Limited (PGCIL), and private TSO. Year-to-Date Order Inflows: Total Rs 37,433 million, reflecting strong traction across both domestic and international markets. Sharan Bansal, Director of Skipper, said: "Skipper Limited’s record-breaking performance in the third quarter and the first nine months of the fiscal year is a reflection of our relentless focus on operational excellence, innovation, and market-driven strategies. Our robust order book of Rs 63,541 million, with 89% from domestic markets and 11% from exports, showcases the trust and confidence that our customers place in us. Securing large-scale contracts from prestigious clients such as the Power Grid Corporation of India Limited (PGCIL) and private transmission operators further solidifies our position as a key player in India’s infrastructure development. These wins reinforce our ability to execute complex engineering projects with precision and reliability. As the nation moves towards strengthening its transmission and distribution network, Skipper remains fully committed to contributing to this transformative journey." "With sustained demand in the domestic market and steady traction in exports, we are confident of maintaining our growth momentum. Our focus remains on driving efficiencies, enhancing our technological capabilities, and exploring new opportunities that align with India’s infrastructure expansion goals." Devesh Bansal, Director, Skipper, said: " We are immensely proud of Skipper Limited’s outstanding performance in the third quarter. Achieving our highest-ever quarterly and 9M revenue is a testament to our strong execution capabilities, customer-centric approach, and strategic expansion in the engineering business segment. Our quarterly order inflow of Rs 13,182 million for engineering products and EPC works, along with a total year-to-date order inflow of Rs 37,433 million, highlights the sustained demand for our solutions. This strong traction across both domestic and international markets underscores our ability to meet evolving industry needs while maintaining superior quality and efficiency. Looking ahead, we aim to build upon this success by investing in innovation, strengthening partnerships, and further optimizing our operational efficiencies. We remain dedicated to delivering long-term value to our stakeholders while contributing to the nation’s infrastructure and energy ambitions." Result PDF
Conference Call with Skipper Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.