Skipper Limited Reports Strong Q1 FY27 Results with Revenue Margin Expansion and Record Order Book

Skipper Limited Reports Strong Q1 FY27 Results with Revenue Margin Expansion and Record Order Book​

Skipper Limited, a leading manufacturer of Power Transmission and Distribution structures, announced its results for the first quarter of Fiscal Year 2027, ended June 30, 2026. The company reported significant strengthening across profitability metrics, alongside reporting a higher-than-ever closing order book.

The infrastructure player, which is specialized in T&D structures and EPC projects for 765 kV transmission lines and substations, saw its revenue climb to Rs. 13,098 million, marking the highest first quarter revenue ever achieved by the company. This growth came despite geopolitical headwinds affecting export markets, driven instead by disciplined execution across business segments.

The stand-alone financial performance highlights are presented below:

Order Book and Growth Pipeline Update​

Skipper Limited reported a record-high closing order book of Rs. 92,166 million, which is an increase of 8.4% compared to the March 2026 level of Rs. 85,019 million.

In terms of new business and execution, the company secured Q1 FY'27 order inflows totaling Rs. 16,744 million. This included two prestigious 765 kV transmission line projects from a reputed domestic developer in Maharashtra. Furthermore, the bidding pipeline remains high, exceeding Rs 35 billion, supported by opportunities in both domestic and international markets. As of June 2026, Skipper Limited is executing approximately 5,200 circuit kilometers of EHV & HVDC transmission line work.

Financing and Strategic Milestones​

The company also successfully raised ₹4,335 million through a preferential equity issue directed towards global and domestic long-only institutional investors, which aims to reduce reliance on working-capital borrowings and increase flexibility for growth plans.

Credit rating actions provided independent affirmation of the improving financial profile. CRISIL upgraded the company’s long-term credit rating to A+/Stable and reaffirmed its short-term facilities at A1.

Management Commentary​

Mr. Sharan Bansal, Director, commented on the results, stating that Q1 FY'27 offered a disciplined start with revenue standing at Rs. 13,098 million and PAT at Rs. 565 million. He highlighted that the proceeds from the preferential allotment would materially reduce working capital borrowing, while the CRISIL upgrade was an affirmation of the improving financial status.

Mr. Devesh Bansal, Director, further elaborated on the company's strategic development. He noted that ongoing capacity expansion is progressing well and is anticipated to be commissioned by the end of Q2’26, bringing total installed capacity from 375,000 MTPA to 450,000 MTPA (including a 75,000 MTPA expansion). He also pointed out that the company deepened its international presence through new wholly-owned subsidiaries in Brazil and UAE, with a US entity expected soon.

Skipper Limited has been established since 1981 and operates as one of India's largest manufacturers of T&D structures, offering end-to-end solutions spanning design engineering, fabrication, galvanizing, load testing, and transmission line EPC services across multiple global locations.

SKIPPER Stock Price Movement​

Skipper Limited today slipped by 0.57% to settle at ₹526.25 after post-market trading sessions closed. The stock accounted for a total traded volume of 1.1 million shares during the market session.