Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment.
Q2 FY26 Earnings Results
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Revenue from Operations: ₹1,261.79 crore, a modest sequential growth of 0.63% from ₹1,253.86 crore in Q1 FY26, and up 13.7% YoY from ₹1,109.74 crore in Q2 FY25. This marked the company’s highest-ever quarterly revenue.
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EBITDA: ₹130.69 crore, up 16.23% YoY and up 2.77% QoQ, translating to a margin improvement to 10.36%, highest in the trailing seven quarters.
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Profit After Tax (PAT): ₹37.03 crore, down 18.18% QoQ from ₹45.26 crore in Q1 FY26, but positive YoY performance.
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PAT margin compressed to 2.93% from 3.61% QoQ, impacted by elevated interest and tax expenses.
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Interest expenses remained high at ₹53.56 crore; effective tax rate increased to 28.31% from 25.05% QoQ.
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Export revenue grew 27% YoY, supporting topline growth.
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New orders worth ₹1,977.5 crores booked in H1 FY26, pushing order book to record ₹8,820 crore, reflecting demand momentum in engineering and polymer segments.
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ROCE for H1 FY26 stood at 21.28%, indicating improved capital efficiency.
Management Commentary & Strategic Insights
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Management highlighted ongoing strong revenue growth driven by order execution and new contract wins amidst challenging raw material cost and inflationary pressures.
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Efforts on cost optimization and better product mix helped margin expansion despite rising input costs.
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Focus continues on capacity expansion, enhancing production efficiency, and broadening geographic export footprint.
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Emphasis on sustaining positive earnings trajectory, deleveraging, and maintaining robust order pipeline to fuel growth going forward.
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Management expects continued strong second-half performance, potentially delivering 25% revenue growth for FY26.
Q1 FY26 Earnings Results
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Revenue from Operations: ₹1,253.86 crore, increased 15% YoY.
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EBITDA: ₹127.16 crore, with 10.14% margin.
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PAT: ₹45.26 crore, up 39.6% YoY, reflecting strong operational execution and cost discipline.
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EPS: ₹3.96.
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Order book strength and capacity commissioning supported performance.
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Management expressed confidence in sustaining growth momentum with robust demand environment.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.