Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER) is one of the world’s leading manufacturers for Power Transmission & Distribution structures. It is a major EPC player in 765 kV transmission lines and substation, and a prominent manufacturer of Telecom and Railway structures. Skipper, also a significant player in Polymer Pipes & Fittings industry, announced its results for the first quarter of FY 27, ended 30th June 2026.
Stand Alone Financials (Rs. in Million)
| Particulars | Q1 FY’27 | Q1 FY’26 | Change % |
| Revenue | 13,098 | 12,539 | 4.5% |
| EBITDA | 1,401 | 1,272 | 10.2% |
| EBITDA Margin % | 10.7% | 10.1% | +60 bps |
| Profit Before Tax | 757 | 598 | 26.6% |
| PBT Margin % | 5.8% | 4.8% | +100 bps |
| Profit After Tax | 565 | 447 | 26.5% |
| PAT Margin % | 4.3% | 3.6% | +70 bps |
Financial Highlights
Revenue crossed Rs. 13,098 million — the highest-ever first quarter in the Company history — up 4.5% YoY, led by strong execution across infrastructure business segments
Profitability strengthened across the board, with EBITDA, PBT and PAT margins all expanding YoY
Delivered a resilient quarter despite geopolitical headwinds impacting export markets, with disciplined execution driving continued margin expansion
Order Book & Bidding Pipeline
Highest ever closing order book: Rs. 92,166 million; up by 8.4% over March 2026 level of Rs. 85,019 million.
Q1 FY’27 order inflow of Rs. 16,744 million; Secured two (2) prestigious 765 kV transmission line projects from a reputed domestic developer in the state of Maharashtra, strengthening our position in the high voltage segment.
Bidding pipeline remains at an all-time high level of more than Rs 35 billion, driven by buoyant domestic and international market opportunities
Company is currently executing 5,200 approx. circuit kilometers of EHV & HVDC transmission line work as of June 2026.
Other Major Update
Successfully raised ₹4,335 Mn through a preferential equity issue to marquee global and domestic long-only institutional investors.
CRISIL upgraded company’s long-term rating credit rating to A+ / Stable and reaffirmed CRISIL A1 for short-term facilities.
Director Speaks
Commenting on the results, Mr. Sharan Bansal, Director, Skipper Limited, said: “Q1 FY’27 gets our new financial year off to a disciplined start. Revenue for the quarter stood at Rs. 13,098 million and PAT at Rs. 565 million, building on the momentum we carried out of FY’26. During the quarter, we also took a decisive step to strengthen our balance sheet, raising Rs. 4,335 million through a preferential allotment to a high-quality set of institutional investors. These proceeds will materially reduce our reliance on working-capital borrowings and give us added flexibility to fund our ongoing growth plans. CRISIL’s upgrade of our long-term rating to A+/Stable is an independent affirmation of this improving financial profile. We remain firmly on track to deliver on our FY’27 guidance of around 15% revenue growth and approximately 30% PAT growth.”
Speaking on the results, Mr. Devesh Bansal, Director, Skipper Limited, said: “The first quarter of FY’27 was one of steady execution and continued capability build-out for our Engineering business. The ongoing 75,000 MTPA capacity expansion is progressing well and likely to be commissioned and operational by end Q2’26, taking our total installed capacity to 450,000 MTPA from existing 375,000 MTPA. We also deepened our international footprint with the formation of new wholly-owned subsidiaries in Brazil and UAE; USA entity is expected to be established soon. Our order book and bidding pipeline remain healthy, and we continue to see strong engagement from customers across the Middle East, Africa, Europe, North America and Latin America.”