Board Meeting Details
The Board of Directors meeting was held on 30th October 2026, commencing at 12:30 p.m. and concluding at 01:50 p.m. The meeting approved:
1. Unaudited Financial Results (Standalone and Consolidated) for quarter and half year ended 30th September 2026
2. Acquisition of 100% equity stake in Sansha Fastener Private Limited
Standalone Financial Results (Q2 FY27)
- Revenue from Operations: ₹13,839.76 million (vs ₹12,617.87 million in Q2 FY26, +9.7% YoY)
- Total Revenue: ₹13,855.94 million
- Profit Before Tax: ₹776.35 million (vs ₹515.15 million in Q2 FY26)
- Tax Expense: ₹201.67 million
- Profit After Tax: ₹574.68 million (vs ₹368.91 million in Q2 FY26, +55.8% YoY)
- Basic EPS: ₹4.82 (vs ₹3.27 in Q2 FY26)
- Cash EPS: ₹6.91
Standalone Financial Results (H1 FY27)
- Revenue from Operations: ₹26,938.08 million (vs ₹25,156.49 million in H1 FY26, +7.1% YoY)
- Profit Before Tax: ₹1,532.86 million (vs ₹1,112.94 million in H1 FY26)
- Profit After Tax: ₹1,139.41 million (vs ₹815.51 million in H1 FY26, +39.7% YoY)
- Basic EPS: ₹9.82 (vs ₹7.22 in H1 FY26)
Segment Performance (Q2 FY27)
- Engineering Products: Revenue ₹10,403.76 million, Segment Result ₹1,248.96 million
- Polymer Products: Revenue ₹1,281.62 million, Segment Result ₹62.21 million
- Infrastructure Projects: Revenue ₹2,154.38 million, Segment Result ₹129.48 million
Consolidated Financial Results (Q2 FY27)
- Revenue from Operations: ₹13,839.76 million
- Profit Before Tax: ₹782.11 million
- Profit After Tax: ₹580.44 million
- Basic EPS: ₹4.87
Consolidated Financial Results (H1 FY27)
- Revenue from Operations: ₹26,938.08 million
- Profit Before Tax: ₹1,542.03 million
- Profit After Tax: ₹1,148.58 million
- Basic EPS: ₹9.90
Acquisition Details
- Acquisition of 100% equity stake in Sansha Fastener Private Limited for ₹15.50 crore
- Sansha Fastener will become a wholly owned subsidiary
- Target entity: Fastener manufacturing company incorporated on 27th August 2018
- Turnover: FY 2023-24: ₹208.18 lakhs, FY 2024-25: ₹465.80 lakhs, FY 2025-26: ₹693.06 lakhs
- Purpose: To add fastener capacity in South India to existing fasteners business
- Expected completion date: 31st December 2026
- Payment: Through banking channels
- Not a related party transaction
Capital Structure Changes
- Preferential allotment of 92,23,402 equity shares at ₹470 per share (including premium of ₹469) aggregating ₹4,335.00 million
- Shares allotted on 31st July 2026
- Listing approval received from NSE on 9th September 2026 and BSE on 10th September 2026
- Trading approval received on 7th October 2026
- Paid-up equity share capital increased to ₹122.13 million as of 30th September 2026 from ₹112.90 million as of 30th June 2026
Financial Position (Standalone)
- Total Assets: ₹46,166.69 million as of 30th September 2026 (vs ₹45,175.30 million as of 31st March 2026)
- Borrowings: ₹7,352.63 million as of 30th September 2026
- Cash and Cash Equivalents: ₹15.57 million as of 30th September 2026
- Equity: ₹19,267.05 million as of 30th September 2026
Cash Flow (Standalone H1 FY27)
- Net cash from operating activities: ₹608.75 million
- Net cash used in investing activities: ₹(2,069.13) million
- Net cash from financing activities: ₹1,446.59 million
- Net decrease in cash: ₹(13.79) million
Subsidiary Information
- SKIPPER LATAM LTDA (Brazil): Total assets ₹1.90 million, revenue ₹1.28 million, loss ₹0.15 million for H1 FY27
- Skipper Transmission and Distribution L.L.C-S.P.C (UAE): Incorporated 12th May 2026, no financial transactions during the period
- Skipper-Metzer India LLP (Joint Venture): Share of profit ₹9.32 million for H1 FY27
Auditor Review
- Limited review conducted by JKVS & Co., Chartered Accountants
- Review report states no material misstatements found
- Financial results prepared in accordance with Ind AS 34