Skipper

The rally comes after Skipper promoter group entity Ventex Trade Private Ltd raised its stake in the company from 4.86 per cent to 5.02 per cent over March 19-20

Skipper Limited, leading manufacturers for power transmission and distribution structures, on Sunday said it has secured an order worth Rs 737 crore from Power Grid Corporation of India Limited (PGCIL) for design, supply and construction of a cutting-edge 765 kV transmission line for the central PSU. Skipper director Sharan Bansal expressed enthusiasm about this latest achievement in the power transmission and distribution sector, emphasising the company's optimistic outlook on the industry. He highlighted the substantial boost to Skipper's order book in the transmission and distribution landscape, with the year-to-date order intake exceeding Rs 3,900 crore. "The orders from PGCIL have notably bolstered our order book in the transmission and distribution (T&D) landscape. With a year-to-date order intake surpassing Rs 3,900 crore, these recent victories are poised to significantly contribute to our envisioned growth trajectory in the foreseeable future," he said. The company, which

Power transmission company Skipper Ltd on Monday posted an over two-fold rise in consolidated net profit at Rs 20.4 crore for December quarter FY24, backed by higher income. It had clocked a net profit of Rs 9.5 crore in October-December FY23, the company said in an exchange filing. Total income surged to Rs 803.8 crore from Rs 446.0 crore a year ago. Expenses were at Rs 777.4 crore as against Rs 436.6 crore in the third quarter last fiscal. Kolkata-based Skipper is one of the leading companies in power transmission and distribution and the polymer segment.

In the past six months, the stock price of Skipper has zoomed 131 per cent as compared to 10.5 per cent rise in the S&P BSE Sensex

As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders

Leading manufacturer of power transmission and distribution structures Skipper Ltd on Saturday said it has secured cumulative orders worth Rs 1,135 crore for the design, supply, and construction of new transmission line projects for Powergrid Corporation of India, as well as tower and pole export supplies. The export supplies will be made to Latin America, the Middle East, and north Africa, a company statement said without providing further details. The company has a total order book of Rs 4,500 crore and aims at doubling its revenue to Rs 4,000 crore over the next three years. These orders are a significant milestone for Skipper and reaffirm its position as a leading player in the power transmission and distribution industry, it added.

Dip in profit largely due to MTM losses arising from the depreciation of the rupee to the dollar

The stock now quotes at the highest level since September 2018, and saw trades of around 2 per cent of the equity size on Friday.

The stock hit a record high of Rs 293, up 11% in intra-day trade, extending its Friday's 3.5% gain on the BSE.

More opportunities in T&D space as well as the company's increasing capacities across all segments will drive growth

Net sales rose 4.7% to Rs 522.73 cr against Rs 499.47 cr