Skipper Q2 FY27: Record Revenue ₹1,384 Cr, PAT Jumps 56% to ₹57.5 Cr
Skipper Limited reported Q2 FY27 revenue of ₹1,384 Cr, up 10% YoY. PAT increased 56% to ₹57.5 Cr. Order book reached ₹10,066 Cr with Q2 inflows at ₹2,111 Cr. Capacity expansion to 450,000 MTPA is on track. The company acquired a small manufacturing firm for ₹15-16 Cr.
The announcement includes strong financial performance metrics (revenue, PAT growth), record order book, strategic capacity expansion, and a recent acquisition, all of which are material to investors and the company's future prospects.
The company reported record revenues, strong PAT growth, improved margins, a significantly strengthened order book, and a healthier balance sheet. Positive outlook on future growth and capacity expansion further contribute to the positive sentiment.
Skipper Limited reported a strong Q2 FY27 with record revenue of ₹1,384 crores, a 10% year-on-year growth. For the first half (H1) of FY27, revenue reached ₹2,694 crores, up 7% over the previous year.
Profitability saw significant improvement. EBITDA grew 11% to ₹145 crores, with margins expanding to 10.5%. Profit Before Tax (PBT) increased by 25% to ₹78 crores, and Profit After Tax (PAT) surged by 56% to ₹57.5 crores, with PAT margins improving to 4.2%. For H1 FY27, PAT reached a record ₹114 crores, a 40% year-on-year increase.
The company's financial position strengthened, with finance costs as a percentage of revenue declining to 3.2% from 4.2% a year ago. The debt-to-equity ratio improved to 0.38x, and gross debt decreased by ₹358 crores year-on-year to ₹964 crores. A recent ₹433.5 crores preferential equity raise and a CRISIL rating upgrade to A+/stable further bolstered financial flexibility.
Skipper's order book reached a new milestone of ₹10,066 crores as of September 2026. Q2 FY27 saw record order inflows of ₹2,111 crores, a 70% year-on-year increase, bringing H1 order inflows to ₹3,786 crores, up 18%. The bidding pipeline remains strong at over ₹35,000 crores.
Exports are a strategic priority, with a record Q2 export order inflow of ₹1,055 crores. The export order book is now diversified, with North America accounting for 44% and Australia 18-19%, reducing the Middle East's share to less than 18%. The company is witnessing strong customer traction in developed markets like the U.S. and Australia.
The ongoing 75,000 MTPA capacity expansion is on track for commissioning in H2 FY27, increasing total installed capacity to 450,000 MTPA. The company aims for a longer-term capacity of 600,000 tons by FY29. Management expressed confidence in achieving the full-year revenue growth target of 15%, with potential for a slight adjustment to 13-14% due to geopolitical uncertainties and elevated shipping freight.
The company acquired a small manufacturing company in South India for approximately ₹15-16 crores, funded by the recent preferential equity raise, which also aims to strengthen the balance sheet for future opportunities.
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Skipper Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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