Skipper LimitedQuarter Ended 30-Sep-26 Results & Financial Update
Skipper Limited: Quarter Ended 30-Sep-26 consolidated results and company financials – revenue ₹1,383.98 Cr, PAT ₹58.04 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Skipper price & chart
Quarter overview
Quarterly earnings analysis
Skipper Limited reported consolidated revenue from operations of Rs. 1,383.98 crore for the quarter ended September 30, 2026, alongside total income of Rs. 1,385.59 crore.
Basic and diluted earnings per share (EPS) for the quarter were identical at Rs. 4.87 on a face value of Re. 1 per share, not annualized.
During the quarter, the company's Engineering Products segment contributed Rs. 1,040.38 crore to segment revenue, while Polymer Products and Infrastructure Projects added Rs. 128.16 crore and Rs. 215.44 crore respectively.
The Board of Directors approved the acquisition of 100% equity stake in Sansha Fastener Private Limited for a cash consideration of Rs. 15.50 crore to expand fastener manufacturing capacity into South India.
The company's paid-up equity share capital increased to Rs. 12.21 crore following the allotment of preferential equity shares during the period.
01 · Business model
What does Skipper do?
Skipper Limited is an engineering manufacturing and infrastructure company operating primarily across three core segments: Engineering Products, Polymer Products, and Infrastructure Projects.
The Engineering Products division manufactures power transmission towers, telecom towers, poles, and industrial fasteners, serving large power utilities, developers, and industrial customers globally.
The Polymer Products division produces piping solutions including PVC and CPVC pipes and fittings for agricultural, plumbing, and housing applications.
The Infrastructure Projects segment undertakes engineering, procurement, and construction (EPC) execution for power transmission and distribution lines, substations, and related infrastructure works.
02 · Historical context
What shaped the business before this quarter
The Board of Directors approved a preferential issue of 9,223,402 equity shares at Rs. 470 per share aggregating to Rs. 433.50 million on June 3, 2026, which was subsequently allotted on July 31, 2026 and received trading approval in October 2026.
The company incorporated a wholly owned subsidiary, Skipper Transmission and Distribution L.L.C-S.P.C, in Abu Dhabi, UAE on May 12, 2026, which remained non-operational as of September 30, 2026.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Quarter Ended 30-Sep-26 |
|---|---|
| Revenue from operations | ₹1,383.98 Cr |
| Total income | ₹1,385.59 Cr |
| Profit before tax | ₹78.21 Cr |
| Profit after tax | ₹58.04 Cr |
| EPS | ₹4.87 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 4.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 5.7% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.62 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove margins
Primary operational expenditures for the quarter included material consumption costs of Rs. 896.17 crore, employee benefits expense of Rs. 93.21 crore, and finance costs of Rs. 44.00 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Engineering Products segment reported a segment result of Rs. 124.88 crore, Polymer Products contributed Rs. 6.22 crore, and Infrastructure Projects delivered Rs. 12.95 crore for the quarter.
06 · Reported developments
What changed operationally
The company recorded a share of profit from its joint venture (Skipper-Metzer India LLP) amounting to Rs. 5.91 million for the quarter.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Total borrowings including term loans and working capital loans stood at Rs. 7,352.63 million as of September 30, 2026.
08 · Beyond the numbers
What changed beyond the numbers
Derivative Hedges
The company designated certain commodity and currency derivative contracts as cash flow hedges under Ind AS 109, recognizing an effective portion of fair value changes of Rs. 94.92 million in other comprehensive income for the quarter.
09 · Key Q&A
The quarter, answered directly
What does Skipper do?
Skipper Limited is an engineering manufacturing and infrastructure company operating primarily across three core segments: Engineering Products, Polymer Products, and Infrastructure Projects.
What is the clearest takeaway from Quarter Ended 30-Sep-26?
Skipper Limited reported consolidated revenue from operations of Rs. 1,383.98 crore for the quarter ended September 30, 2026, alongside total income of Rs. 1,385.59 crore.
What drove revenue or demand?
Engineering Products segment reported a segment result of Rs. 124.88 crore, Polymer Products contributed Rs. 6.22 crore, and Infrastructure Projects delivered Rs. 12.95 crore for the quarter.
What mattered most for margins or profitability?
Primary operational expenditures for the quarter included material consumption costs of Rs. 896.17 crore, employee benefits expense of Rs. 93.21 crore, and finance costs of Rs. 44.00 crore.
What changed operationally beyond the headline numbers?
The company designated certain commodity and currency derivative contracts as cash flow hedges under Ind AS 109, recognizing an effective portion of fair value changes of Rs. 94.92 million in other comprehensive income for the quarter.
What should the next disclosure help confirm?
The acquisition of Sansha Fastener Private Limited is scheduled for completion by December 31, 2026.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sansha Fastener Acquisition Completion: The acquisition of Sansha Fastener Private Limited is scheduled for completion by December 31, 2026.
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