Skipper Limited announced its financial results for the quarter and half-year ended 30th September, 2026 through a regulatory filing to the National Stock Exchange of India Limited and BSE Limited.

Financial Performance (Standalone)

Q2 FY27 Results (₹ in million):

  • Revenue: ₹13,840 (up 10% YoY from ₹12,618 in Q2 FY26)
  • EBITDA: ₹1,448 (up 11% YoY from ₹1,307)
  • EBITDA Margin: 10.5% (improved by 10 bps from 10.4%)
  • Profit Before Tax: ₹776 (up 25% YoY from ₹622)
  • Profit After Tax: ₹575 (up 56% YoY from ₹369)

H1 FY27 Results (₹ in million):

  • Revenue: ₹26,938 (up 7% YoY from ₹25,157 in H1 FY26)
  • EBITDA: ₹2,849 (up 11% YoY from ₹2,579)
  • EBITDA Margin: 10.6% (improved by 30 bps from 10.3%)
  • Profit Before Tax: ₹1,533 (up 26% YoY from ₹1,220)
  • Profit After Tax: ₹1,139 (up 40% YoY from ₹816)
  • PAT Margin to Sales: 4.2% (improved from 3.2%)

Operational Highlights

Order Book & Bidding Pipeline:

  • Record Closing Order Book as of September 2026: ₹100,657 million
  • Domestic: 83%
  • Export: 17%
  • H1 FY27 YTD New Order Inflows: ₹37,855 million
  • Q2 FY27 Order Inflow: ₹2,111 million (up 70% over last year quarter)
  • Highest ever quarterly Export Order Inflows: ₹10,540 million
  • Record Bidding Pipeline: Over ₹350,000 million
  • EPC Division currently executing approximately 5,500 circuit kilometers of EHV & HVDC transmission line work
  • Secured a multi-million-dollar contract, the largest order to date in the North American market with a top-tier utility company

Business Updates & Capacity Expansion

  • Established USA subsidiary, complementing existing subsidiaries in Brazil and UAE
  • Successfully charged Sikar II Khetri TL 03 765 KV line (144 KM approx.) in Rajasthan during the quarter
  • Ongoing 75,000 MTPA capacity expansion on track, likely to be commissioned and operational by H2 FY27
  • Total installed capacity will increase to 450,000 MTPA from existing 375,000 MTPA
  • Export order book significantly diversified with Middle East contributing under 18% of export mix, while developed markets (North America and Australia) account for majority share
  • Successfully raised ₹4,335 million through preferential equity issue to marquee global and domestic long-only institutional investors at issue price of ₹470 per share
  • Investors include Small cap World Fund & American Fund Insurance (Backed by Capital Group), Bandhan Small Cap Fund, Cohesion MK Best Ideas and Emerge Private Opportunities Trust
  • Appointed Mr. R N Nayak, former CMD of Power Grid Corporation of India Ltd (PGCIL), as Independent Director
  • Received Great Place to Work certification for the 5th consecutive year

Management Commentary

Mr. Sharan Bansal, Director: Noted continued focus on profitable growth with record Q2 revenue of ₹13,840 million and PAT growth of 56% to ₹575 million. Highlighted highest-ever half-yearly revenue of ₹26,938 million and PAT of ₹1,139 million for H1 FY27. Mentioned improved EBITDA margins reflecting operating leverage and disciplined execution. Acknowledged geopolitical developments in West Asia impacting exports but emphasized strong business fundamentals supported by record closing order book of over ₹100,657 million and all-time high bidding pipeline exceeding ₹350,000 million.

Mr. Devesh Bansal, Director: Emphasized strength of execution capabilities and continued demand for Engineering business. Highlighted highest-ever quarterly export order inflows of ₹10,540 million and multi-million-dollar North American contract. Confirmed ongoing 75,000 MTPA capacity expansion on track for H2 FY27 commissioning. Noted establishment of US subsidiary positions the company to deepen global reach and capitalize on emerging opportunities across key markets.

Company Background

Skipper Limited, established in 1981, is a leading company in Power Transmission & Distribution and Polymer segments. It is the largest manufacturer in India and fifth largest globally based on manufacturing capacity. The company has international presence across 65+ countries with operations in Latin America, Europe, and Africa. Listed on BSE (538562) since 2014 and NSE (Symbol: SKIPPER) since 2015.