PAT Before Exceptional Items Grows 32% YoY To ₹449 Mn
• Strong Q2 inflow strengthens growth visibility across domestic & international markets
• H1 revenue hits all-time high at ₹25,156 Mn as margins expand sharply on higher quality T&D execution
• Closing order book hits ₹88,204 Mn & margin profile structurally improving with EBITDA margin at 10.4% in Q2
Mumbai, Divya rasthra. Skipper Limited (BSE: 538562 | NSE: SKIPPER), one of the world’s leading manufacturers for Power Transmission & Distribution structures and a prominent manufacturer of Telecom and Railway structures, today announced its financial results for Q2 FY’26, ended 30th September 2025.
Stand Alone Financials (Rs in Million)
Particulars Q2 Fy’26 Q2 FY’25 Change % H1 Fy’26 H1 Fy’25 Change %
Revenue 12,618 11,097 14% 25,156 22,015 14%
EBITDA 1,307 1,124 16% 2,579 2,171 19%
EBITDA Margin % 10.4% 10.1% +30 bps 10.3% 9.9% +40 bps
Profit Before Tax (Before Exceptional) 622 454 37% 1,220 877 39%
Profit After Tax (Before Exceptional) 449 339 32% 895 655 37%
Reported PAT 369 339 9% 816 655 24%
Q2’ Highlights
• Recorded highest ever second quarter Revenue at ₹12,618 Mn, up 14% YoY
• Achieved highest ever quarterly EBITDA at ₹1,307 Mn, up 16% YoY, margin improved to 10.4%
• PAT before exceptional jumps 32% YoY to ₹449 Mn
H1’ Highlights
• Highest ever first half Revenue at ₹25,156 million, up 14% YoY, Export revenue grew 27% YoY to ₹ 5,234 million
• Achieved Strong Profitability and Margin growth Stand Alone EBITDA margin improved to 10.3% vs 9.9% YoY driven by operating leverage and execution of higher quality T&D contracts
• PBT (Before Exceptional) registered a growth of 39% YoY to ₹1,220 million With PBT margins to sales improving to 4.8 against 4.0% in previous year period
• PAT before exceptional jumps 37% YoY to ₹895 Mn, PAT margin to sales improved to 3.6% against 3.0%
Order Book & Bidding
• Highest ever Closing Order Book (September -25) – ₹88,204 million, constitutes 89% domestic & 11% export.
• Q2 Fy’26 order inflow ₹12,430 Mn majorly for engineering products supplies & EPC works, during the quarter secured significant large size domestic EPC contracts from PGCIL and International market
• Secured two (2) prestigious 765 kV transmission line projects from PGCIL in the states of Rajasthan and Madhya Pradesh, Strengthening our position in the high voltage segment.
• H1’26 YTD new order inflows at ₹32,205 Mn, up 33% YoY.
• Strong traction in both domestic and international market continues, Strong Bidding pipeline exceeding ₹300,000 Mn.
• Skipper EPC Division is currently executing approx. 5,000 circuit kilometres of EHV & HVDC transmission line work as of September 2025.
• Completed successful plant audits by new potential customers from Middle East & North America.
Capacity Expansion & Other Business Updates
• New capacity of 75,000 MTPA is now fully operational, with commercial production commenced.
• Further an additional 75,000 capacity MTPA capacity addition plan already underway, Company aims to attain capacity of 6 lac MTPA by Fy’28 end.
• Inaugurated the 2nd Test bed facility and successfully completed the first testing from new test bed which is a key milestone towards our journey to engineering excellence and holding a place in the top league of globally capable manufacturers.
• Our R&D division has signed an MOU with IIT Kharagpur for research on galvanizing processes and predictive modelling development.
• Ongoing implementation of SAP S4 HANA RISE.
• Waste Heat recovery system & Bag filter installation for better fuel consumption & ESG Goals.
• Expect 25% Revenue CAGR growth in current year, with even stronger performance in 2nd half.
