Skipper Delivers Record Q1 Results with Rs. 12,539 Million Revenue and All-Time High Order Book of Rs. 85,205 Million
Kolkata (West Bengal) [India], July 31: Skipper Limited (BSE: 538562) (NSE: SKIPPER) is one of the world's leading manufacturers for Power Transmission & Distribution structures and a prominent manufacturer of Telecom and Railway structures. Skipper, also a significant player in Polymer Pipes & Fittings industry, announced its results for Q1'26, ended 30th June 2025.
Key Business Highlights
- Closing Order Book (June -25): Highest ever Closing Order Book Rs. 85,205 million, constitutes 90% domestic & 10% export.
- Q1 FY'26 Order Inflow: Rs. 19,775 mn for engineering products supplies & EPC works. During the quarter secured significant large size domestic EPC contracts from PGCIL and International market.
- Significant Contracts: Secured three (3) prestigious 765 kV transmission line projects from PGCIL in the states of Rajasthan and Andhra Pradesh, strengthening our position in the high voltage segment.
- Tower Testing Order Win: Secured a major tower testing and design order approval from the Middle East's largest utility, reflecting the growing acceptance of our in-house design capabilities among global utilities and strengthening our international positioning.
- Market Traction: Strong traction in both domestic and international market continues.
Other Business Highlights
- Powering Ahead: New capacity of 75,000 MTPA is now fully operational, with commercial production commenced.
- Capacity Expansion Plan: An additional 75,000 MTPA capacity addition plan already underway. The company aims to attain capacity of 6 lac MTPA by FY'28 end.
- Digital Transformation Underway: Ongoing implementation of SAP S4 HANA RISE.
- Green Goals: Received Green Co & Green Pro Certification through CII.
- Engineering ESG: Installed Waste Heat recovery system & Bag filter for better fuel consumption & ESG Goals.
- Revenue Growth Outlook: Expect 25% Revenue CAGR growth in current year.
Director Speaks
Commenting on the Q1 FY26 performance, Mr. Sharan Bansal, Director of Skipper Limited said, "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.
We continue to gain momentum in the EPC space with significant wins from PGCIL, including three prestigious 765 kV transmission line projects across Rajasthan and Andhra Pradesh. These projects further strengthen our leadership in the high-voltage segment. Our order inflow of ₹19,775 million this quarter, along with the highest-ever closing order book of ₹85,205 million, reaffirms our alignment with India's infrastructure ambitions and our increasing global relevance."
Mr. Bansal also added, "Our international business continues to scale new frontiers, marked by a landmark tower testing and design order from the Middle East's largest utility, reflecting the growing acceptance of our in-house design capabilities among global utilities and strengthening our international positioning. 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."
Speaking on the developments, Mr. Devesh Bansal, Director, Skipper Limited said, "Our Q1 performance goes beyond numbers - it reflects momentum, transformation, and future-readiness. With strong traction across domestic and international markets, we are shaping the future of power infrastructure through sustainable, scalable, and tech-driven solutions.
We are proud to have received GreenCo and GreenPro certifications from CII and have advanced our ESG goals with Waste Heat Recovery and Bag Filter systems to boost fuel efficiency.
On the digital front, the SAP S/4HANA RISE rollout is underway, bringing greater transparency and agility. With a 25% revenue CAGR target for FY'26, Skipper is firmly on a high-growth path, driven by innovation and execution excellence."
ABOUT SKIPPER LIMITED
Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment. With over 44+ years of domain knowledge it is largest in India and tenth globally basis the manufacturing capacity. Skipper differentiates its offerings with high quality but cost-effective solution for infrastructure providers and telecom operators. Its international footprint spans across continents such as Latin America, Europe, and Africa and is spread across 65+ countries with presence across sub-segments such as Towers, EPC, Monopoles, Poles and Railway Electrification Structures. Skipper Limited is a national powerhouse in the Polymer pipe business. Under the brand name of 'Skipper', the company manufactures premium quality polymer pipes & fittings, which serve both the agricultural as well as plumbing sectors. Skipper Limited is listed at BSE (538562) and NSE (Symbol: SKIPPER) in 2014 & 2015 respectively. For more information visit www.skipperlimited.com/
Logo: https://mma.prnewswire.com/media/2471709/4835555/Skipper_Limited_Logo.jpg
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
a minute ago
- Economic Times
PSU banks write off loans over Rs 5.82 lakh cr in last 5 years: MoS Finance
Agencies Representative image Public sector banks (PSBs) have written off bad loans of about Rs 5.82 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2024-25, the loan write-off of PSBs was at Rs 91,260 crore, compared to Rs 1.15 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. The write-off was highest at Rs 1.33 lakh crore during 2020-21, declining to Rs 1.16 lakh crore in the following year and to Rs 1.27 lakh crore in 2022-23. In contrast to write-offs, PSBs have recovered around Rs 1.65 lakh crore over the last five years. Recovery is around 28 % of the total write-off in the previous five financial years. Banks write off NPAs, including those in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India (RBI) guidelines and policy approved by banks' Boards, Chaudhary said. "Such write-off does not result in waiver of liabilities of borrowers and therefore, it does not benefit the borrower. The borrowers continue to be liable for repayment, and banks continue to pursue recovery actions initiated in these accounts," he said. Further, he said, recovery in written-off loans is an ongoing process and banks continue pursuing their recovery actions initiated against borrowers under the various recovery mechanism available to them, such as filing of a suit in Civil Courts or in Debts Recovery Tribunals, and filing of cases in the National Company Law Tribunal under the Insolvency and Bankruptcy Code, etc. Replying to another question, Chaudhary said that more than Rs 21.68 lakh crore has been disbursed under Pradhan Mantri Mudra Yojana (PMMY) across the country over the last five years. In response to another question, Chaudhary said, according to provisional data provided by the RBI for the financial year 2024-25, Scheduled Commercial Banks have recovered a total of Rs 32,466 crore through actions initiated in 2,15,709 cases under the SARFAESI Act.
Time of India
4 minutes ago
- Time of India
Honasa Q1 results: Mamaearth parent's net profit rises 3%
Synopsis Honasa Consumer, parent of Mamaearth, saw a profit increase in June 2025. The company's net profit rose by 2.7%. Revenue reached a record high of Rs 595 crore, marking a 7% increase. Mamaearth showed double-digit growth across key categories. The Derma Co.'s face cleanser category grew significantly. Focus remains on innovation and offline distribution, says Varun Alagh.
Economic Times
4 minutes ago
- Economic Times
Suzlon Energy Q1 results: Cons PAT jumps 7% YoY to Rs 324 crore; revenue soars 55%
Suzlon Energy kicked off FY26 on a positive note, posting a 7% year-on-year rise in its consolidated net profit to Rs 324 crore for the June quarter, compared to Rs 302 crore in the same period last year. ADVERTISEMENT The wind energy major's revenue from operations surged nearly 55% to Rs 3,117 crore from Rs 2,016 crore a year ago, while the net volumes rose to 444 MW in Q1FY26, up from 274 MW in Q1FY25. The company's EBITDA stood at Rs 599 crore, marking a solid 62% jump over Rs 370 crore last year, as the company benefited from operating leverage and cost efficiencies. The EBITDA margin improved to 19.2% from 18.4% a year earlier, underlining Suzlon's efforts to keep expenses in check while scaling operations. Suzlon Energy achieved its highest-ever Q1 deliveries at 444 MW, supported by a robust order pipeline. This marked the 10th consecutive quarter of order book growth, with the company receiving 1 GW of new orders during the total order book now stands at 5.7 GW, with 75% comprising Commercial & Industrial (C&I) and PSU orders. Target of 122 GW wind capacity by FY32 with wind dominant in hybrid, RTC, and FDRE projects. C&I sector to require 78 GW renewable energy by FY30. India is poised to become a global export hub for wind turbine components. Significant repowering opportunity of ~25.4 GW in existing projects. 'The energy sector is undergoing a structural shift where winddominant FDRE and RTC solutions are essential for delivering firm, reliable, and affordable clean power to India. The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon's technology leadership and execution capabilities. India achieving 50% non-fossil fuel capacity well ahead of its target are reshaping the manufacturing ecosystem. With our integrated domestic value chain, Suzlon is best positioned to leverage this momentum and drive India's clean energy economy forward,' said Girish Tanti, Vice Chairman of Suzlon Group. ADVERTISEMENT Suzlon Energy shares on Tuesday closed flat at Rs 63.12 on the BSE. Unlock 500+ Stock Recos on App (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
