Skipper Limited Delivers Highest Ever First Quarter Revenue

2026-08-12 06:17:02 Business

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11 August 2026: Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER) is one of the world's leading manufacturers for Power Transmission & Distribution structures. It is a major EPC player in 765 kV transmission lines and substation, and a prominent manufacturer of Telecom and Railway structures. Skipper, also a significant player in Polymer Pipes & Fittings industry, announced its results for the first quarter of FY 27, ended 30th June 2026.

Financial Highlights

Revenue crossed Rs. 13,098 million — the highest-ever first quarter in the Company history — up 4.5% YoY, led by strong execution across infrastructure business segments
Profitability strengthened across the board, with EBITDA, PBT and PAT margins all expanding YoY
Delivered a resilient quarter despite geopolitical headwinds impacting export markets, with disciplined execution driving continued margin expansion

Order Book & Bidding Pipeline

Highest ever closing order book: Rs. 92,166 million; up by 8.4% over March 2026 level of Rs. 85,019 million.
Q1 FY’27 order inflow of Rs. 16,744 million; Secured two (2) prestigious 765 kV transmission line projects from a reputed domestic developer in the state of Maharashtra, strengthening our position in the high voltage segment.
Bidding pipeline remains at an all-time high level of more than Rs 35 billion, driven by buoyant domestic and international market opportunities
Company is currently executing 5,200 approx. circuit kilometers of EHV & HVDC transmission line work as of June 2026.

Other Major Update

Successfully raised ₹4,335 Mn through a preferential equity issue to marquee global and domestic long-only institutional investors.
CRISIL upgraded company’s long-term rating credit rating to A+ / Stable and reaffirmed CRISIL A1 for short-term facilities.

Commenting on the results, Mr. Sharan Bansal, Director, Skipper Limited, said: “Q1 FY’27 gets our new financial year off to a disciplined start. Revenue for the quarter stood at Rs. 13,098 million and PAT at Rs. 565 million, building on the momentum we carried out of FY’26. During the quarter, we also took a decisive step to strengthen our balance sheet, raising Rs. 4,335 million through a preferential allotment to a high-quality set of institutional investors. These proceeds will materially reduce our reliance on working-capital borrowings and give us added flexibility to fund our ongoing growth plans. CRISIL’s upgrade of our long-term rating to A+/Stable is an independent affirmation of this improving financial profile. We remain firmly on track to deliver on our FY’27 guidance of around 15% revenue growth and approximately 30% PAT growth.”

Speaking on the results, Mr. Devesh Bansal, Director, Skipper Limited, said: “The first quarter of FY’27 was one of steady execution and continued capability build-out for our Engineering business. The ongoing 75,000 MTPA capacity expansion is progressing well and likely to be commissioned and operational by end Q2’26, taking our total installed capacity to 450,000 MTPA from existing 375,000 MTPA. We also deepened our international footprint with the formation of new wholly-owned subsidiaries in Brazil and UAE; USA entity is expected to be established soon. Our order book and bidding pipeline remain healthy, and we continue to see strong engagement from customers across the Middle East, Africa, Europe, North America and Latin America.”

ABOUT SKIPPER LIMITED

Established in 1981, Skipper Limited has grown into a global leader in the engineering and infrastructure sector, specialising in the manufacture of transmission and distribution (T&D) structures, including towers and poles. Over the past four decades, the Company expanded its presence across 65+ global locations serving multiple industries, including polymer pipes and fittings, railway electrification structures, telecom towers & poles and EPC projects. As India’s largest manufacturer of T&D structures and one of the world’s only fully integrated players in this sector, Skipper offers end-to-end solutions encompassing design engineering, steel hot rolling, fabrication, galvanizing, load testing and transmission line EPC services. With a strong commitment to innovation, quality and sustainability, the Company continues to play a crucial role in strengthening national infrastructure and positioning India as a preferred global sourcing hub. Skipper Limited was listed at BSE (538562) and NSE (Symbol: SKIPPER) in 2014 & 2015 respectively.