Skipper Ltd demonstrates robust growth in Q1 with record revenue, expanding order pipeline, and strategic capacity upgrades, signalling positive outlook despite near-term challenges.
Skipper Ltd reported a sharp rise in first-quarter profit as stronger margins, record revenue and a swelling order book helped offset a mixed operating backdrop.
According to the company’s statement, standalone profit after tax rose 26.5 per cent year on year to Rs 56.5 crore in the quarter ended June. Revenue from operations increased 4.5 per cent to Rs 1,309.8 crore, the highest first-quarter figure in the company’s history, while EBITDA climbed 10.2 per cent to Rs 140.1 crore and the margin widened to 10.7 per cent from 10.1 per cent a year earlier.
The company said closing orders reached a record Rs 9,216.6 crore as of June 30, up from Rs 8,501.9 crore a year earlier. New inflows during the quarter totalled Rs 1,674.4 crore, including two 765 kV transmission line projects in Maharashtra, and Skipper said its bidding pipeline was above Rs 3,500 crore. Arthneeti said the company still expects about 15 per cent revenue growth for the year, though it flagged export headwinds and slower domestic tendering as near-term constraints.
Skipper also raised Rs 433.5 crore through a preferential equity issue to institutional investors during the quarter. Director Sharan Bansal said the group remained on course to meet FY27 targets of roughly 15 per cent revenue growth and about 30 per cent PAT growth. Director Devesh Bansal said the company’s 75,000-MTPA expansion was progressing and would lift installed capacity to 450,000 MTPA from 375,000 MTPA, with new subsidiaries formed in Brazil and the UAE and a US unit due soon.
The latest quarter extends a run of strong results for the Kolkata-based manufacturer, which in earlier quarters had already posted record revenue, margin expansion and a growing order pipeline. Company disclosures cited by analysts indicate that the polymer business has been gaining share outside eastern India, while management has linked future growth to higher capacity utilisation, a broader export base and continued wins in transmission projects.
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