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.

Skipper Limited , a leading manufacturer in the power transmission and distribution sector, has reported robust financial results for the first quarter, alongside announcing significant expansion plans to strengthen its global presence.

Record-Breaking Q1 Performance

The company achieved its highest-ever first-quarter revenue of Rs 12,538.62 million, marking a 14.9% increase compared to the same period last year. This growth was primarily driven by strong execution in both the Engineering and Polymer business segments.

The Engineering business segment, in particular, posted an impressive 24% year-on-year growth, reaching Rs 10,247.83 million. Export revenue in this segment grew by 30% to Rs 3,254.00 million, accounting for 32% of the total engineering revenue.

Profitability Boost

Skipper's bottom line saw a significant uptick, with profit after tax (PAT) increasing by 41% to Rs 446.60 million, compared to Rs 315.90 million in the corresponding quarter of the previous year. The PAT margin improved to 3.6% of sales, up from 2.9% in the previous year's quarter.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 22% year-on-year to Rs 1,271.65 million, with EBITDA margins improving to 10.1% from 9.6% in the same period last year.

Order Book at All-Time High

The company secured new orders worth Rs 19,774.00 million during the quarter, including three prestigious 765 kV transmission line projects from Power Grid Corporation of India Limited (PGCIL) in Rajasthan and Andhra Pradesh. This propelled Skipper's order book to an all-time high of Rs 85,205.00 million, providing strong visibility for future execution.

Global Expansion Plans

In a strategic move to accelerate its international growth, Skipper's Board of Directors has approved the incorporation of three wholly-owned subsidiaries in the United Arab Emirates (UAE), United States of America (USA), and Brazil. These subsidiaries will focus on selling towers and poles, including accessories, in their respective regions.

The company plans to invest up to USD 10,000 in the UAE, USD 50,000 in the USA, and USD 20,000 in Brazil to establish these subsidiaries. This expansion is part of Skipper's long-term strategy to create dedicated platforms for trading and marketing its products in the global marketplace.

Corporate Guarantees for Subsidiaries and Joint Venture

To support its expansion plans, the Board has approved corporate guarantees totaling Rs 500.00 crore. This includes Rs 350.00 crore for the upcoming wholly-owned subsidiaries in the USA, UAE, and Brazil, and Rs 150.00 crore for its joint venture, Skipper-Metzer India LLP.

Capacity Expansion and Future Outlook

Skipper has completed the installation of its new 75,000 MTPA capacity, which is now fully operational. The company has already initiated another 75,000 MTPA capacity expansion, aiming to become the world's largest transmission tower manufacturer with a 600,000 MTPA capacity by FY28.

Management Commentary

Mr. Sharan Bansal, Director of Skipper Limited, commented on the results: "We are thrilled to report an exceptional start to the financial year, with our highest-ever first-quarter revenue and profitability—a clear validation of the strategic roadmap we've laid out. With a 15% year-on-year topline growth, the momentum across our core segments remains strong and backed by solid execution across businesses."

He further added, "We believe we are entering a golden era for power infrastructure, and our company stands at the forefront of this opportunity—leveraging its scale, credibility, and cost advantage to lead in both traditional and new-age markets."

As Skipper Limited continues to expand its global footprint and strengthen its market position, investors and industry observers will be watching closely to see how these strategic moves translate into long-term growth and value creation.