Skipper Ltd net sales up by 15 per cent
Skipper Limited announced its results for the fourth quarter and twelve months ended March 31, 2017. Performance Highlights – Q4 FY’17 are as follows:
Net Sales: Rs 564.66 crore as against Rs 522.73 crore in the previous year quarter, up by 8.0 per cent.
Operating EBITDA: Rs 74.87 crore as against Rs 73.41 crore in the previous year quarter, up by 2.0 per cent.
Profit Before Tax: Rs 69.67 crore as against Rs 52.64 crore in the previous year quarter, up by 32.3 per cent.
Profit After Tax : Rs 52.78 crore against Rs 36.12 crore in the previous year quarter, up by 46.2 per cent.
The company also shared the news of securing fresh new orders worth Rs 500.21 crore in its engineering and infrastructure business segment. The order value includes projects worth Rs 376.48 crore from national and Rs 123.73 crore from international markets for transmission tower supply.
Commenting on the developments, Sharan Bansal, Director, Skipper Limited said “We have consistently delivered healthy margins with our sustained focus on profitability. We are happy that our top line has grown by over 15 per cent and has been improving on the expected lines. Our new international orders clearly affirm our efforts to diversify the geographical spread of our order book. In our pursuit to diversify our geographic spread we started with far west like Peru, Chile & Columbia and now our network has grown to far east countries like Philippines. We are confident of maintaining our growth targets on the back of our robust order book and consistent focus on strengthening the bottom line.”