Skipper FY26 Record Results: Revenue ₹55,528 Mn, Targets 12% EBITDA Margin
Skipper Limited achieved record-breaking FY26 financial performance with revenue growing 20% to ₹55,528.22 million and profit after tax surging 42% to ₹2,073.25 million. The company has set ambitious forward guidance targeting 12% long-term EBITDA margin, 15% revenue growth and around 30% profit increase for FY27, while expecting to resume 20-25% growth rate from FY28 supported by export market opportunities despite current geopolitical challenges affecting export growth.
*this image is generated using AI for illustrative purposes only.
Skipper Limited's Board of Directors approved the company's audited financial results for FY26 at their meeting held on April 28, 2026, confirming record-breaking performance across all key metrics. The Board also declared significant corporate actions including dividend recommendations and key management appointments, while providing forward guidance for sustainable growth.
FY26 Financial Performance Highlights
The company delivered exceptional financial results for the year ended March 31, 2026, marking its strongest performance in company history:
| Annual Metric: | FY26 | FY25 | Growth Rate |
|---|---|---|---|
| Revenue: | ₹55,528.22 million | ₹46,244.80 million | 20% |
| EBITDA: | ₹5,727 million | ₹4,517 million | 27% |
| EBITDA Margin: | 10.30% | 9.80% | +55 bps |
| Profit After Tax: | ₹2,073.25 million | ₹1,458.28 million | 42% |
Q4 FY26 Quarterly Results
The fourth quarter demonstrated strong momentum with significant growth across all financial parameters:
| Q4 Metric: | FY26 | FY25 | Growth Rate |
|---|---|---|---|
| Revenue: | ₹16,665.82 million | ₹12,877.52 million | 29% |
| EBITDA: | ₹1,734 million | ₹1,236 million | 40% |
| Profit After Tax: | ₹756.05 million | ₹443.89 million | 70% |
| EPS (Basic): | ₹6.73 | ₹3.93 | 71% |
Forward Guidance and Growth Strategy
The company has outlined ambitious targets for sustainable growth over the medium term. Management aims for a 12% long-term EBITDA margin and expects margin growth in FY27 despite rising costs, though no specific guidance was provided for the immediate term.
| Growth Projections: | FY27 Forecast | Long-term Target |
|---|---|---|
| Revenue Growth: | 15% | - |
| Profit Growth: | Around 30% | - |
| EBITDA Margin Target: | Improvement expected | 12% long-term |
| Growth Rate from FY28: | 20%-25% | Export opportunities |
The company expects to resume its historical 20%-25% growth rate from FY28, supported by anticipated export market opportunities and active bidding activities. However, geopolitical issues are currently affecting export growth prospects.
Segment Performance Analysis
The engineering business achieved its best-ever quarter revenue of ₹12,487 million against ₹9,376 million in the previous year quarter, registering growth of 33.2%. For the full year FY26, the engineering segment achieved its best-ever 12M revenue of ₹43,590 million against ₹35,185 million in the previous year, registering growth of 24%. The polymer segment reported its highest-ever annual revenue, crossing ₹5,000 million (+17% YoY), with volumes also reaching a record 39,686 MT (+20% YoY).
Order Book and Strategic Updates
The company secured its highest-ever closing order book of ₹85,019 million, with Q4 FY26 order inflow of ₹10,290 million. The highest-ever YTD inflows reached ₹56,780 million (+6%), reinforcing strong execution visibility. The company is currently executing approximately 5,000 circuit kilometers of EHV & HVDC transmission line work as of March 2026.
Board Decisions and Corporate Actions
The Board approved several key resolutions during the meeting:
| Decision Type: | Details |
|---|---|
| Dividend Recommendation: | 10% (₹0.10 per equity share) |
| Total Dividend Amount: | ₹11.29 million on 11,29,04,035 shares |
| Article Amendment: | Alignment with Companies Act 2013 provisions |
| Postal Ballot: | Electronic voting facility for members |
| Cut-off Date: | May 1, 2026 for e-voting eligibility |
Historical Stock Returns for Skipper
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.57% | +5.92% | +41.84% | -4.20% | +8.42% | +815.38% |
How will ongoing geopolitical tensions impact Skipper's ability to achieve its projected 20-25% growth rate from FY28 through export market expansion?
What specific strategies will Skipper implement to reach its ambitious 12% long-term EBITDA margin target while managing rising operational costs?
Which international markets is Skipper targeting for export opportunities, and how will this diversification affect its revenue mix going forward?
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