Skipper Achieves Record Q3 Revenue and EBITDA with Sustained Margin Expansion

2026-07-06 10:38:20 Business

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Mumbai, January 29th, 2026: Skipper Limited (BSE: 538562 | NSE: SKIPPER), one of the world’s leading manufacturers of Power Transmission & Distribution structures and a prominent player in Telecom and Railway structures, announced its financial results for the third quarter ended 31st December 2025.

Q3 FY’26 Highlights

* Recorded highest ever quarterly revenue at ₹13,706 Mn, up 21% YoY
* Achieved highest ever quarterly EBITDA at ₹1,414 Mn, up 28% YoY; EBITDA margin improved to 10.3%
* PAT before exceptional items jumps 40% YoY to ₹502 Mn, reflecting strong operating leverage and disciplined execution

9M FY’26 Highlights

* Highest ever first nine months revenue at ₹38,862 Mn, up 17% YoY
* Standalone EBITDA margin improved to 10.3% vs 9.8% YoY, driven by execution of higher-quality T&D contracts and operating efficiencies
* PBT (before exceptional) grew 38% YoY to ₹1,874 Mn, with PBT margin improving to 4.8
* PAT before exceptional increased 38% YoY to ₹1,397 Mn; PAT margin expanded to 3.6% from 3.0%

Order Book & Bidding

* Highest ever closing order book (Dec’25) at approximately US$ 1 billion (₹90,093 Mn), comprising 90% domestic and 10% export orders
* Q3 FY’26 order inflow of ₹14,286 Mn, primarily driven by engineering products supply and EPC works across domestic and international markets
* Secured two prestigious 765 kV transmission line EPC projects from PGCIL in Uttar Pradesh and Karnataka, strengthening leadership in the high-voltage segment
* 9M FY’26 YTD order inflows stood at ₹46,490 Mn, up 24% YoY
* Robust bidding pipeline of approximately US$ 3 billion (> ₹270,000 Mn)
* EPC division currently executing ~5,000 circuit kilometres of EHV & HVDC transmission line projects
* Successfully completed plant audits by new customers from the Middle East and North America

Capacity Expansion & Other Business Updates

* New 75,000 MTPA capacity fully operational, with commercial production commenced
* Additional 75,000 MTPA capacity expansion underway, taking total capacity to 450,000 MTPA by end of FY’26
* Awarded Great Place to Work® certification for the fifth consecutive year
* Successfully gone live with SAP S/4HANA RISE across key business functions, marking a significant milestone in Skipper’s digital transformation journey
* Company expects 20%+ revenue CAGR growth in the current year, with momentum expected to further strengthen in the coming quarters

Directors’ Comment

Commenting on the Q3 FY’26 performance, Mr. Sharan Bansal, Executive Director, Skipper Limited, said: “Q3 represents another decisive step in Skipper’s earnings compounding journey. Delivering our highest-ever quarterly revenue and EBITDA reflects the structural improvements we have made across project quality, execution discipline and capacity readiness. Margin expansion this quarter is a direct outcome of our strategic shift towards higher complexity and higher value T&D projects.”

Mr. Devesh Bansal, Executive Director, Skipper Limited, added: “Our record order book and strong bidding pipeline provide high visibility for sustained growth across domestic and international markets. Winning marquee 765 kV PGCIL projects and expanding our global customer base reinforces Skipper’s position as a globally competitive engineering and EPC partner. With capacity expansion, digital transformation through SAP S/4HANA, and a sharp focus on execution excellence, we are well positioned for accelerated and profitable growth.”

ABOUT SKIPPER LIMITED

Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment. With over 44+ years of domain knowledge it is largest in India and tenth globally basis the manufacturing capacity. Skipper differentiates its offerings with high quality but cost-effective solution for infrastructure providers and telecom operators. Its international footprint spans across continents such as Latin America, Europe, and Africa and is spread across 65+ countries with presence across sub-segments such as Towers, EPC, Monopoles, Poles and Railway Electrification Structures. Skipper Limited is a national powerhouse in the Polymer pipe business. Under the brand name of ‘Skipper’, the company manufactures premium quality polymer pipes & fittings, which serve both the agricultural as well as plumbing sectors. Skipper Limited is listed at BSE (538562) and NSE (Symbol: SKIPPER) in 2014 & 2015 respectively.