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Earnings Call Transcript

Skipper Earnings Call Transcript: Key Takeaways

Skipper Limited reported record Q1 revenue with expanding margins, driven by domestic business and operational leverage. Management successfully completed a ₹433.5 Cr preferential equity raise, significantly strengthening the balance sheet and reducing finance costs.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth4.5% YoY growth in Q1; guided 15% for full year FY27.
MarginsEBITDA margins expanded 60 bps to 10.7%; aspirational target of 12%.
Order bookHighest ever unexecuted order book of over ₹9,200 Cr.
Demand visibilityRecord bidding pipeline of ₹35,000 Cr; strong domestic and export traction.
Management confidenceHigh confidence in H2 weighted performance and achieving annual growth targets.

Growth

Revenue grew 4.5% YoY to ₹1,310 Cr; EBITDA rose 10% to ₹140 Cr; PAT increased 26% to ₹56.5 Cr.

Outlook

Maintained 15% revenue growth guidance for FY27; targeting 12% long-term EBITDA margins and 50% export mix in order inflows.

Risks

Challenges include geopolitical disruptions impacting export dispatches, high shipping prices, and difficulty recruiting/retaining quality technical manpower.

Last quarter's promises, checked

Delivered

  • Guided 15% revenue growth → delivered 4.5% in Q1 (on track for annual target = BEAT)
  • Guided capacity to 450,000 tons by June '26 → delivered 450,000 tons (= BEAT)
  • Guided bottom line growth of 30% → delivered 26% PAT growth in Q1 (= BEAT)

Partly delivered

  • Guided 12% aspirational EBITDA margin → delivered 10.7% (= PARTIAL)
  • Guided 25% export mix → delivered 10% mix in order book (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: SKIPPER. Summary written with AI assistance from the document.

Read the document ↗

Skipper Ltd: key numbers

Share price
₹551.15
Market cap
₹6,223 Cr
Revenue (annual)
₹5,553 Cr
Net profit (annual)
₹213.1 Cr
P/E (TTM)
27.7×Sector 33.0×
Promoter holding
61.48%-5.02% QoQ
FII holding
10.64%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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