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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹1,667 Cr
verified against source
Revenue YoY
29.4%
reported change
EBITDA
₹173.4 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Skipper delivered a record Q4 FY26 with revenue of ₹1,666 crore (+29.4% YoY) and EBITDA of ₹173.4 crore (+40.2% YoY), driven by strong execution in the engineering segment (₹1,248 crore, +33% YoY). PAT surged 70% YoY to ₹75.6 crore, with EBITDA margins expanding 80 bps to 10.4% on operating leverage and better cost structure. The full-year order book hit a record ₹8,519 crore with inflows of ₹5,678 crore. Management guided for FY27 revenue growth of 15% and PAT growth of 30%, citing conservative export outlook due to geopolitical headwinds. Key risk: execution delays from right-of-way constraints and critical equipment shortages could temper growth.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for 15% top-line growth in FY27, citing conservative outlook due to export challenges and muted bidding in FY26.
- Management guided for 30% bottom-line growth in FY27, driven by existing order book quality and operating leverage.
- Management expects capex similar to previous years at around ₹250 crore, primarily for capacity expansion.
- The ongoing 75,000-ton expansion will be commissioned by June 2026, taking total capacity to 450,000 tons per annum.
Risks flagged
- Geopolitical tensions in the Middle East and elevated sea freight rates are delaying export order inflows and execution, impacting near-term growth.
- Right-of-way clearances and shortages of transformers/HVDC equipment are extending project timelines, which could slow revenue conversion.
- Trade receivables nearly doubled to ₹485 crore in FY26, partly due to timing of collections; though management expects normalization, elevated levels could strain cash flows.
- Domestic bidding in FY26 was muted due to sector constraints; if the anticipated acceleration in FY27 does not materialize, order inflows may fall short.
Key quotes
- FY26 has been a defining year in Skipper's journey marked by record financial performance, strong execution across all business segments and significant progress on our strategic priorities.
- We are giving a guidance of 15% growth on revenue and approximately a 30% growth in bottom line.
- We set the world record of testing the heaviest tower ever tested, which was a single tower of 293 tons. Now, we are going to break our own world record by testing another tower of 350 tons next month.
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