Skipper Limited Records Highest-Ever Q2 Revenue; PAT Rises 56%

30th October 2026: 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 second quarter of FY 27, ended 30th September 2026.

Q2 Highlights

Recorded highest ever Q2 Revenue at ₹13,840 mn , up 10 % YoY
EBITDA at ₹1,448 mn , up 11 % YoY, margin improved to 10.5%
PAT jumps 56 % YoY to ₹ 575 mn.

H1’27 Highlights

Highest ever half yearly revenue at ₹ 26,938 million, up 7 % YoY
Achieved Strong Profitability and Margin growth, Stand Alone EBITDA margin improved to 10.6% vs 10.3% YoY driven by operating leverage and execution of higher quality T&D contracts
Highest ever half year PAT - jumps 40 % YoY to ₹ 1,139 mn, PAT margin to sales improved to 4.2% against 3.2%

Order Book & Bidding Pipeline

Record Closing Order Book (Sep -26) –₹ 100,657 million, constitutes 83 % domestic & 17 % export
H1’27 YTD new order inflows at ₹ 37,855 mn, secured significant large size domestic EPC contracts from PGCIL and International market
Q2 FY’27 order inflow ₹ 2,111 mn up 70% over last year quarter
Highest ever Exports Order inflows for any quarter - ₹ 10,540 Mn
Strong traction in both domestic and international market continues, highest ever Bidding pipeline over ₹ 350,000 mn
Skipper EPC Division is currently executing approx. 5,500 circuit kilometers of EHV & HVDC transmission line work as of Sep 2026
Secured a multi-million-dollar contract – our largest order to date in the North American market – with a top-tier utility company

Other Business update & Capacity Expansion

Strengthened global presence with the establishment of USA subsidiary; complementing existing subsidiaries in Brazil and UAE
Successfully charged Sikar II - Khetri TL 03 765 KV line (144 KM approx.) line in the state of Rajasthan during the quarter
The ongoing 75,000 MTPA capacity expansion is on track and likely to be commissioned and operational by H2’27, taking our total installed capacity to 450,000 MTPA from existing 375,000 MTPA
Significantly diversified export order book, with the middle east now contributing just under 18% in export mix, while developed markets, particularly North America and Australia, account for the majority share
Successfully raised ₹4,335 Mn through a preferential equity issue to marquee global and domestic long-only institutional investors at an issue price of ₹470 per share, Investors include Small cap World Fund & American Fund Insurance (Backed by Capital Group), Bandhan Small Cap Fund, Cohesion MK Best Ideas and Emerge Private Opportunities Trust.
Strengthened Board leadership and governance with the appointment of Mr R N Nayak, former CMD of Power Grid Corporation of India Ltd (PGCIL), as an Independent Director, bringing invaluable leadership excellence and deep domain expertise in the power transmission sector
Received Great Place to Work certification for the 5th consecutive year

Commenting on the results, Mr. Sharan Bansal, Director, Skipper Limited, said: “Q2 FY’27 reflects our continued focus on profitable growth, with revenue reaching a record Rs. 13,840 million for the quarter, up 10% year-on-year, and PAT growing 56% to Rs. 575 million. For H1 FY’27, we recorded our highest-ever half-yearly revenue of Rs. 26,938 million and PAT of Rs. 1,139 million, up 40% year-on-year. Our EBITDA margins also improved, reflecting operating leverage and disciplined execution. Despite geopolitical developments in West Asia impacting exports during the period, our business fundamentals remain strong, supported by a record closing order book of over Rs. 100,657 million and an all-time high bidding pipeline exceeding Rs. 350,000 million. We remain focused on sustaining our growth momentum, strengthening profitability and expanding our presence across domestic and international markets.”

Speaking on the results, Mr. Devesh Bansal, Director, Skipper Limited, said: “Our performance in Q2 and H1 FY’27 reflects the strength of our execution capabilities and continued demand for our Engineering business. During the period, we secured our highest-ever quarterly export order inflows of Rs. 10,540 million and a multi-million-dollar contract in North America, our largest order to date in the region, further strengthening our international presence. The ongoing 75,000 MTPA capacity expansion is on track and likely to be commissioned and operational by H2’27, taking our total installed capacity to 450,000 MTPA from existing 375,000 MTPA. With the establishment of our US subsidiary, complementing our presence in Brazil and the UAE, we are well positioned to deepen our global reach and capitalise on emerging opportunities across key markets.”


ABOUT SKIPPER LIMITED

Established in 1981, Skipper Limited is one of the leading companies in the Power Transmission & Distribution and Polymer segments. With over 45 years of domain knowledge, it is the largest in India and fifth largest globally based on manufacturing capacity. Skipper differentiates its offerings with high-quality yet cost-effective solutions for infrastructure providers and telecom operators. Its international footprint spans continents such as Latin America, Europe, and Africa, and covers 65+ countries, with a 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. The company manufactures premium-quality polymer pipes and fittings under the 'Skipper’ brand for the agricultural and plumbing sectors. Skipper Limited is listed on the BSE (538562) and NSE (Symbol: SKIPPER), since 2014 and 2015 respectively.

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