Skipper Limited announced its Q1 FY’27 financial results, highlighting a record-breaking first quarter with revenues reaching ₹13,098 million, a 4.5% year-on-year increase. Profit After Tax (PAT) saw a substantial growth of 26% to ₹565 million. The company also reported a robust order book of ₹9,217 crore and a strong bidding pipeline exceeding ₹35,000 crore, underscoring a positive outlook and sustained growth trajectory.
Skipper Reports Record Q1 FY’27 Performance
Skipper Limited has unveiled its financial results for the first quarter of FY’27 (ending June 30, 2026), demonstrating significant operational and financial strength. The company achieved its highest-ever first-quarter revenue, totaling ₹13,098 million, marking a 4.5% increase compared to the same period last year. This performance was driven by strong execution across its Power Transmission & Distribution (T&D) and infrastructure businesses, despite geopolitical uncertainties impacting exports.
Profitability and Margin Expansion
Profitability saw a notable improvement, with reported EBITDA growing by 10% year-on-year to ₹1,401 million, resulting in an expanded EBITDA margin of 10.7% (up 60 bps). Profit Before Tax (PBT) surged by 26.5% to ₹757 million, with PBT margins improving by 100 bps to 5.8%. Profit After Tax (PAT) increased by 26% to ₹565 million, with PAT margins expanding by 70 bps to 4.3%. The company attributed margin expansion to improved operating leverage, a better product mix, and prudent cost management.
Financial Strength and Funding
The company further strengthened its balance sheet by successfully raising ₹433.5 crore through a preferential equity issue from marquee global and domestic institutional investors. This move, coupled with a recent CRISIL credit rating upgrade to A+/Stable, enhances financial flexibility and lowers the cost of capital. Finance costs were reduced to 3.6% of revenue, down from 4.2%.
Robust Order Book and Future Outlook
Skipper Limited boasts a record-high closing order book of ₹9,217 crore, with Q1’27 order inflows amounting to ₹1,674 crore. The bidding pipeline stands at over ₹35,000 crore, providing strong multi-year revenue visibility. Capacity expansion remains on track, with a target to reach 450,000 MTPA by FY27 and a long-term roadmap to 600,000 MTPA by FY29. The outlook remains positive, driven by strong Power T&D tailwinds, an expanding global footprint, and a strengthened balance sheet.
Segmental Performance
In the segmental performance for Q1 FY’27, the Engineering Products segment reported net sales of ₹9,401.3 million, while Polymer Products registered net sales of ₹1,170.0 million. The Infra Projects segment showed significant growth with net sales reaching ₹2,527.0 million, an increase of 148.0% year-on-year, with EBITDA also growing by 251.1%.
Source: BSE
