Infrastructure Surge Lifts Quarterly Profit 26 per cent as Finance Costs Ease

Skipper Ltd reported a 25.5 per cent year-on-year increase in consolidated profit for the quarter ended June 30, 2026, as rapid growth in its Infrastructure Projects segment offset weaker revenue from its two product businesses. Profit for the period reached Rs 56.81 crore, compared with Rs 45.26 crore a year earlier. Revenue from operations rose 4.5 per cent to Rs 1,309.83 crore from Rs 1,253.86 crore, while total revenue increased at the same rate to Rs 1,314.25 crore. Profit before Tax climbed 25.9 per cent to Rs 75.99 crore from Rs 60.37 crore. Basic and diluted earnings per share increased 25.7 per cent to Rs 5.03 from Rs 4.01. Total expenses rose 3.4 per cent to Rs 1,238.59 crore from Rs 1,197.36 crore, a slower increase than total revenue. Finance costs declined to Rs 46.69 crore from Rs 52.96 crore, while depreciation and amortisation increased to Rs 22.18 crore from Rs 17.7 crore. The consolidated results included a Rs 0.34 crore share of profit from the company’s joint venture, down from Rs 0.6 crore in the corresponding quarter. Infrastructure Projects delivered the strongest segment performance. Revenue surged 148.0 per cent to Rs 252.7 crore from Rs 101.89 crore a year earlier. The segment result increased more than fourfold to Rs 19.54 crore from Rs 4.27 crore, making the business the principal source of incremental segment revenue and earnings during the quarter. Engineering Products remained Skipper’s largest segment but recorded lower sales. Revenue declined 8.3 per cent to Rs 940.13 crore from Rs 1,024.78 crore, while the segment result eased to Rs 116.24 crore from Rs 118.02 crore. Polymer Products revenue fell 8.0 per cent to Rs 117 crore from Rs 127.19 crore, although its segment result improved to Rs 4.37 crore from Rs 3.85 crore. For the year ended March 31, 2026, Skipper recorded consolidated revenue from operations of Rs 5,552.82 crore and total revenue of Rs 5,563.38 crore. Annual profit before tax was Rs 281.47 crore, while profit for the year stood at Rs 213.13 crore. Basic and diluted EPS was Rs 18.88. Those annual results included a Rs 5.8 crore share of profit from the joint venture and an exceptional item of Rs 10.68 crore. Separately, Skipper allotted 92,23,402 equity shares on July 31 through a preferential private placement at Rs 470 per share, including a securities premium of Rs 469 per share. The transaction aggregated to Rs 433.5 crore and followed shareholder approval on June 26, 2026. The allotment occurred after the close of the reported quarter. Skipper had also incorporated wholly owned subsidiaries in Brazil and Abu Dhabi during 2026. Neither entity had started business operations by June 30, and no capital contribution, share allotment or financial transaction involving the subsidiaries occurred during the quarter. The entities therefore had no effect on the consolidated financial results. Skipper Limited is a diversified engineering and infrastructure company operating across engineering products, infrastructure projects and polymer products. Its manufacturing-led business is complemented by project execution in power transmission and substation infrastructure. The company serves Indian and international markets, has an established export presence and operates a joint venture, Skipper-Metzer India LLP.

Skipper Ltd was at Rs 526.3 as of August 11, 2026, at 2:37 PM, versus the previous close of Rs 529.8, declining 0.66 per cent. One-year, two-year and three-year returns were 5.47 per cent, 24.91 per cent and 213.21 per cent; it outperformed the BSE 500 (5.40 per cent). The 52-week high/low was Rs 575.05/Rs 330.50. FII holdings fell to 4.11 per cent from 6.07 per cent, while DII holdings rose to 1.92 per cent from 1.66 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.