Skipper Limited , a leading manufacturer in the power transmission and distribution sector, has delivered its strongest first-quarter performance to date, showcasing impressive growth across key financial metrics.

Financial Highlights

• Net revenue surged by 15% year-on-year to INR 2,539.00 million
• EBITDA reached a record INR 272.00 million, up 22% from the previous year
• EBITDA margins improved to an all-time high of 10.1%
• Standalone PAT increased by 41% to INR 447.00 million, with margins expanding to 3.6%

Segment Performance

The company's growth was primarily driven by strong performances in its core segments:

• Engineering segment revenue grew by 24% to INR 1,248.00 million
• Polymer segment revenue surged by 34% to INR 272.00 million
• Export revenue in the engineering segment increased by 30% to INR 254.00 million

Order Book and Future Outlook

Skipper Limited has secured significant new orders, strengthening its market position:

• Order inflows of INR 1,977.00 million, up 158% year-on-year
• Current order book reached an all-time high of INR 8,520.00 million
• Secured three 765 kV transmission line projects from Power Grid Corporation

Capacity Expansion

To meet growing demand, Skipper has undertaken strategic capacity expansions:

• Commissioned 75,000 tons of additional capacity
• Plans to add another 75,000 tons by year-end
• Targeting 600,000 tons capacity by FY28

Management Commentary

During the earnings conference call, Mr. Sharan Bansal, Director of Skipper Limited, expressed confidence in the company's growth trajectory. He stated, "We are confident of delivering profitable revenue growth with consistent margins in the current year and expect to clock revenue growth in excess of 25% for the current financial year."

The management has provided guidance for 25% revenue growth and anticipates order inflows of INR 6,500.00-7,000.00 crores for the year.

Market Outlook

Skipper Limited remains optimistic about the future of the power transmission sector in India. The company is well-positioned to capitalize on the government's planned investment of INR 9.00 lakh crores in the transmission sector until 2032. This investment is expected to integrate about 500 gigawatts of renewable energy into the grid, presenting significant opportunities for companies like Skipper.

Conclusion

With its record-breaking quarterly performance, robust order book, and strategic capacity expansions, Skipper Limited appears well-positioned for sustained growth in the power transmission and distribution sector. The company's focus on both domestic and international markets, coupled with the positive industry outlook, suggests a promising future for Skipper Limited in the coming years.

Skipper Limited (NSE: SKIPPER, BSE: 538562), a leading manufacturer in the Power Transmission & Distribution and Polymer products segments, has announced its financial results for the first quarter of fiscal year 2026, showcasing robust growth across key metrics.

Financial Highlights

• Revenue from operations reached ₹12,538.62 million, marking a 14.9% increase from ₹10,917.44 million in Q1 FY'25.
• EBITDA rose by 22% year-over-year to ₹1,272.00 million, with margins improving to 10.1% compared to 9.6% in the previous year.
• Profit After Tax (PAT) surged by 41% to ₹447.00 million, up from ₹316.00 million in Q1 FY'25.
• Basic Earnings Per Share (EPS) increased to ₹3.96, compared to ₹3.00 in the same quarter last year.

Segment Performance

The company's growth was primarily driven by strong performances in its Engineering and Polymer segments:

Operational Highlights

• Order Book: Skipper Limited secured new orders worth ₹19,775 million during Q1 FY'26, pushing its order book to an all-time high of ₹85,205 million.
• Capacity Expansion: The company's new 75,000 MTPA capacity is now fully operational, with another 75,000 MTPA expansion underway.
• International Growth: Export revenue grew by 30% YoY to ₹3,254 million, constituting 32% of the engineering segment's revenue.
• Strategic Initiatives: The Board approved the incorporation of wholly-owned subsidiaries in the UAE, USA, and Brazil to boost global market presence.

Management Commentary

Mr. Sharan Bansal, Director of Skipper Limited, commented on the results: "FY'26 has commenced on an exceptional note for Skipper, with the company delivering its highest-ever Q1 revenue of ₹12,539 million and record quarterly EBITDA margins of 10.1%. This performance reflects the strength of our Engineering and Polymer businesses, underpinned by exceptional operational execution and customer focus."

He added, "With 75,000 MTPA of new capacity now fully operational, and an additional 75,000 MTPA expansion already underway, we are strategically positioned to reach our 6 lac MTPA capacity target by FY'28, enabling us to meet rising domestic and export demand with agility."

Future Outlook

Skipper Limited has set ambitious targets for FY'26, including:

• 25% revenue growth
• Total order inflows exceeding ₹65,000 million
• Enhancing engineering capacity by another 75,000 MT
• Targeted capex of approximately ₹2,500 million for expansion

The company remains optimistic about capitalizing on the growing demand in the Power Transmission & Distribution sector, both domestically and internationally, while continuing to strengthen its position in the Polymer segment.

As Skipper Limited continues to execute its growth strategy and expand its global footprint, investors and industry observers will be watching closely to see if the company can maintain its strong momentum throughout the fiscal year.