Construction & engineering firm Skipper announced Q3FY23 results: Q3FY23 & 9MFY23: Strong revenue performance across major business segments in spite of inflationary cost-push and geopolitical-related challenges; achieved growth of 11% over the previous year's quarter and 15% growth in a 9M period. Standalone operating EBITDA margins improved to 11.2% in comparison to 10.2% in Q3FY22 and 11.4% in 9MFY23 against 7.7% in 9MFY22. Engineering Segment Operating EBITDA margins improved to 13.3% in comparison to 11.5% in Q3FY22 and 13.5% in 9MFY23 against 9.7% in 9MFY23; Clocked the desired margin range now for the last many quarters. Improvement continues on the back of better quality contracts and an Increased share of Engineering export business and parting away with the majority of old legacy and CIF contracts aided in better margin performance in the engineering business. Export sales of 4,970 million in 9MFY23, achieved growth of 85% over the previous year's quarter and 96% growth in the 9M period. Export share in overall engineering revenue stood at 51% in Q3FY23 and 48% in 9MFY23. Our JV “Skipper-Metzer India LLP” (50:50) engaged in the business of manufacturing drip and micro irrigation systems has turned profitable and reported a PBT of Rs 47 million during the quarter, the consolidated Financial Results (CFS) results include our portion of the same. Order Book: Secured Our largest single order win valuing Rs 25,700 million from Bharat Sanchar Nigam Ltd. (BSNL) for the Supply and erection of Ground Based Telecom Towers, and subsequent O&M; for 5 years extendable to 5 more years in the uncovered villages of India under 4G saturation projects. Secured new order inflow of Rs 28,640 million during the quarter and YTD inflows of 37,270 million. The closing order book as on Q3FY23 stands at 47,050 million which is the highest ever in the company’s history and is well diversified across sectors and segments. Bidding Pipeline continues to remain strong - Actively pursuing projects worth Rs 52,000 million on the international front and about Rs 31,200 million on the Domestic front. Mr. Sajan Kumar Bansal, Managing Director, Skipper Ltd, Speaks on our largest order win ever and historic achievement: “ We are glad that we are playing a crucial role and contributing our bit towards India’s infrastructure development and proud to be part of government vision to provide mobile connectivity in rural areas. The project will promote the delivery of various e-governance services, banking services, telemedicine, tele education etc through mobile broadband and promote employment in rural areas” “ Our Company is the largest manufacturer of Telecom Tower in India, Backed by our forte in executing projects for the Telecom sector; this is another significant win for us. Our large engineering capacity to support captive manufacturing of telecom structures and decades of experience in building Tower sites on turnkey basis will vastly complement the execution of this prestigious project and will establish our company as a front runner in this domain. ” Result PDF