Earnings Release
Skipper Delivers Record FY26; Revenue Crosses ₹5,552 Cr with Strong Margin Expansion
NSE
skipper
BSE
538562
Skipper Limited reported its strongest-ever financial performance, with record revenue, profit growth, and margin expansion, backed by strong EPC execution and global order momentum.
PRICE-SENSITIVE TRIGGER
Event: Q4 & FY26 Result Announcement
Type: Earnings Release
Impact: Strong Positive
Immediate Effect: Record performance + strong order visibility
Key Metrics:
Q4 FY26:
- Revenue → ₹1,666.6 Cr (+29% YoY)
- EBITDA → ₹173.4 Cr (+40% YoY)
- EBITDA Margin → 10.4%
- PAT → ₹75.6 Cr (+70% YoY)
FY26:
- Revenue → ₹5,552.8 Cr (+20% YoY)
- EBITDA → ₹572.7 Cr (+27% YoY)
- EBITDA Margin → 10.3%
- PAT → ₹207.3 Cr (+42% YoY)
- PBT → ₹286.4 Cr (+47% YoY)
Order Book & Pipeline:
- Order Book → ₹8,502 Cr (highest ever)
- FY26 Order Inflow → ₹5,678 Cr
- Bidding Pipeline → ₹33,000 Cr
Highlight:
- Record all-time high revenue and profitability across all levels
- Strong operating leverage → margin expansion to 10%+
- Massive ₹33,000 Cr bidding pipeline ensures future growth visibility
- Order book at record levels → multi-year revenue visibility
- Global expansion traction (North America + LATAM entry)
What Happened ?
The company reported strong quarterly and annual performance, driven by operational efficiency, EPC execution strength, and robust order inflows.
key highlights
Performance Drivers:
- Operational excellence & execution discipline
- Strong EPC segment growth
- Margin expansion due to better contract mix
- Increasing global footprint
Order Book Strength:
- Highest-ever closing order book
- Strong domestic (90%) + export mix
- Continuous large EPC wins
Business Expansion:
- Entry into North America with largest-ever order
- LATAM expansion via Brazil subsidiary
- UAE & USA subsidiaries nearing execution
Operational Milestone:
- Execution of ~5,000 circuit km transmission lines
- Commissioned 765 kV projects worth ₹1,500 Cr
- Capacity expansion toward 450,000 MTPA
Risk Analysis
Key Risks
- EPC execution delays
- Raw material price volatility
- Export market dependency
- Working capital intensity
Risk Level: Medium
Company Commentary
- FY26 marked highest-ever revenue and profitability
- EBITDA margins improved due to operational efficiency
- Strong order book ensures future revenue visibility
- Global expansion gaining traction across regions
- Focus remains on long-term value creation and execution
Official Exchange Filing: Skipper Limited