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.

NSE: SKIPPERPublished 30 Oct 2026Reported 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹1,383.98 CrReported Quarter Ended 30-Sep-26
Profit after tax₹58.04 CrReported Quarter Ended 30-Sep-26
EPS₹4.87Reported Quarter Ended 30-Sep-26

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Quarterly Results AnalysisExplore Skipper Quarter Ended 30-Sep-26 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

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.

03

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.

04

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.

05

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

Preferential Share Allotment

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.

International Subsidiary Incorporation

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

MetricQuarter 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 conversion

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.

Pre-tax earnings

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.

Operating revenue versus total income

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

Cost Components

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

Segment Results

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

Joint Venture Contribution

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

Borrowing Levels

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

Reported update

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?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Sansha Fastener Acquisition Completion: The acquisition of Sansha Fastener Private Limited is scheduled for completion by December 31, 2026.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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