Skipper hits 1-yr high on orders worth Rs 500 cr, strong Q4 numbers

DSIJ Intelligence / 16 May 2017

Skipper hits 1-yr high on orders worth Rs 500 cr, strong Q4 numbers

On May 15, Skipper reported net profit of Rs 52.78 crore for the fourth quarter ending March 17 and in its board meeting for the financial year ended March 31 , 2017 company recommended a dividend of 155 percent (Rs 1.55 ) , subject to the approval of shareholders in the ensuing annual general meeting.
 

Skipper Limited jumped over 5.61% to Rs 207.25 and opened at Rs 214.00 on NSE at 11:06 hours .
 
On May 15, Skipper reported net profit of Rs 52.78 crore for the fourth quarter ending March 17 and in its board meeting for the financial year ended March 31 , 2017 company recommended a dividend of 155 percent (Rs 1.55 ) , subject to the approval of shareholders in the ensuing annual general meeting .
 
Skipper is expanding its presence in the overseas markets as it has secured new orders worth Rs 123.73 crore from international markets and also secured orders worth Rs 376.48 crore from national for the supply of the power transmission towers and telecom poles .
  
As Skipper has secured new orders worth Rs 500 crore and strong fourth quarter results, the company has gained 9 percent intraday on Tuesday as it’s shares reached 52 week high of Rs 214 .
 
The company's EBITDA was 24.4 percent of Rs 91.2 crore and its margin is at 15.6 percent FY17versus 13.8 percent FY16. The company’s total income was 10.2 percent of Rs 583.7 crore compared to Rs 529.7 crore . Q4FY17 Net profit of the company jumped 46.3 percent at Rs 52.8 crore versus to Rs 36.1 crore .  

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