Skipper Limited Reports Record Q2 Revenue, Maintains Strong Growth Outlook

Skipper Limited , a leading manufacturer in the power transmission and distribution sector, has reported robust financial results for the second quarter of fiscal year 2026, showcasing strong revenue growth and an expanding order book.

Record-Breaking Q2 Performance

The company achieved its highest-ever second quarter revenue of INR 1,262.00 crores, marking a 14% year-on-year growth. This impressive performance was primarily driven by strong execution in the engineering product supply segment. Skipper's EBITDA reached INR 131.00 crores, representing a healthy margin of 10.4%.

Order Book Hits New Heights

Skipper's order book has soared to a record high of INR 8,820.00 crores as of September 2025. This robust order book provides strong visibility for future growth and underscores the company's competitive position in the market.

Management Outlook

The management remains optimistic about the company's growth trajectory. They have maintained their guidance of 25% revenue growth for FY26 and are targeting a closing order book of INR 9,000.00-10,000.00 crores by the end of the fiscal year.

Expansion and Future Plans

During the recent earnings call, Sharan Bansal, Director of Skipper Limited, shared insights on the company's expansion plans and market outlook:

Capacity Expansion: The company's new 75,000 tonnes capacity is now fully operational, with commercial production having commenced. Skipper has also initiated plans for an additional 75,000 tonnes expansion, aiming to reach a total capacity of 600,000 metric tons per year by FY28.
Export Market Focus: Skipper is actively pursuing opportunities in international markets, with a long-term aspiration to achieve a 50-50 split between domestic and export orders. The company has recently approved the establishment of three new foreign marketing subsidiaries in the US, UAE, and Brazil to support this goal.
Product Diversification: While maintaining its core focus on power transmission and distribution, Skipper is exploring opportunities in solar generation and the wind sector for some of its engineering products.

Financial Outlook

The company expects to maintain its EBITDA margins at around 10-10.5% for the full year FY26. Long-term, Skipper aims to improve its margins from the current levels to 12%.

Upcoming Corporate Actions

Skipper's Board of Directors has approved a Notice of Postal Ballot seeking shareholder approval for increasing the company's borrowing powers and for the creation of charges on the company's assets. The cut-off date for determining the list of shareholders eligible to receive the Notice of Postal Ballot has been set as November 14, 2025.

Skipper Limited's strong performance and ambitious growth plans position it well in the power transmission and distribution sector. With its focus on capacity expansion, international market penetration, and maintaining healthy margins, the company appears well-positioned for continued growth in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.84%	-7.98%	-7.14%	+2.20%	-8.13%	+892.91%

Skipper Limited , a prominent player in the Indian manufacturing sector, has announced its financial results for the second quarter, showcasing significant growth across key metrics and important board decisions.

Financial Highlights

Metric	Q2 (Current Year)	Q2 (Previous Year)	Year-over-Year Change
Revenue	₹12.60 billion	₹11.10 billion	+13.5%
EBITDA	₹1.31 billion	₹1.10 billion	+19.1%
EBITDA Margin	10.36%	10.13%	+23 basis points
Consolidated Net Profit	₹370.00 million	₹329.00 million	+12.5%

Skipper Limited has demonstrated a strong financial performance in the second quarter, with notable improvements across all key financial indicators.

Revenue Growth

The company reported a substantial increase in revenue, reaching ₹12.60 billion compared to ₹11.10 billion in the same quarter of the previous year. This represents a robust year-over-year growth of 13.5%, indicating enhanced business activities and potentially increased market demand for Skipper's products and services.

Profitability Improvements

Skipper's profitability metrics also showed positive trends:

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to ₹1.31 billion from ₹1.10 billion in the corresponding quarter last year, marking a significant 19.1% increase.
The EBITDA margin improved to 10.36% from 10.13%, reflecting enhanced operational efficiency and cost management.
Consolidated net profit grew to ₹370.00 million, up from ₹329.00 million in the previous year's Q2, representing a 12.5% increase.

Tax Settlement and Financial Impact

In a significant development, Skipper Limited settled a disputed entry tax of ₹142.39 million for ₹106.79 million under West Bengal Sales Tax settlement rules. This settlement resulted in an exceptional item that reduced the company's profit after tax by ₹79.91 million and basic EPS by ₹0.71 per share.

Board Decisions and Corporate Actions

The company's Board of Directors made several important decisions:

Approved the forfeiture of 33,198 partly paid-up equity shares where call money remains unpaid.
Designated Mr. Durga Singh Shekhawat as Senior Management Personnel with the role of President-Tower (Domestic).
Approved a postal ballot notice to seek member approval for increasing borrowing powers and mortgage/charge creation on company assets.

Financial Risk Management

Skipper Limited entered into commodity hedge contracts during the quarter, with ₹65.54 million recognized in other comprehensive income under cash flow hedge reserve. This move indicates the company's proactive approach to managing financial risks associated with commodity price fluctuations.

Market Implications

The robust financial performance of Skipper Limited may be indicative of broader positive trends in the manufacturing sector. The company's ability to grow revenue and improve profitability metrics suggests effective management strategies and potentially favorable market conditions.

Investors and market analysts may view these results as a positive signal, potentially impacting the company's stock performance and market valuation. However, it's important to note that future performance can be influenced by various internal and external factors.

Skipper Limited's strong Q2 results, combined with strategic decisions on tax settlement, management changes, and financial risk management, demonstrate the company's resilience and growth potential, positioning it well in the competitive landscape of the Indian manufacturing sector.