Order Book
₹8,519 crore
+?% YoY
Highest ever order book, supported by record annual inflows of ₹5,678 crore.
SKIPPER
Other
2026-04-??
Skipper Ltd — Q4 FY26
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).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Order Inflow (Q4)
₹1,290 crore
+?% YoY
Quarterly order inflow of ₹1,290 crore, contributing to record annual inflows.
Bidding Pipeline
₹33,000 crore
N/A
Strong pipeline providing visibility for future order inflows; conversion ratio 20-25%.
Capacity Utilization
>85%
N/A
Utilization remains strong; new capacity of 75,000 tons coming online by June 2026.
Management Guidance
FY27 revenue growth of 15%
Management guided for 15% top-line growth in FY27, citing conservative outlook due to export challenges and muted bidding in FY26.
Management guidance revenueFY27 PAT growth of 30%
Management guided for 30% bottom-line growth in FY27, driven by existing order book quality and operating leverage.
Management guidance growthCapex of ~₹250 crore in FY27
Management expects capex similar to previous years at around ₹250 crore, primarily for capacity expansion.
Management guidance capexCapacity to reach 450,000 tons by June 2026
The ongoing 75,000-ton expansion will be commissioned by June 2026, taking total capacity to 450,000 tons per annum.
Management guidance expansionKey Risks
Export headwinds from Middle East and global shipping
Geopolitical tensions in the Middle East and elevated sea freight rates are delaying export order inflows and execution, impacting near-term growth.
high · management_commentaryExecution delays due to right-of-way and equipment shortages
Right-of-way clearances and shortages of transformers/HVDC equipment are extending project timelines, which could slow revenue conversion.
medium · management_commentaryTrade receivables spike and working capital risk
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.
medium · analyst_questionSlower-than-expected domestic bidding recovery
Domestic bidding in FY26 was muted due to sector constraints; if the anticipated acceleration in FY27 does not materialize, order inflows may fall short.
medium · data_observationNotable 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.
Frequently Asked Questions
What was Skipper's revenue in Q4 FY26?
Skipper reported revenue of ₹1,667 Cr in Q4 FY26, representing a +29.4% change compared to the same quarter last year.
What guidance did Skipper management give for FY27?
FY27 revenue growth of 15%: Management guided for 15% top-line growth in FY27, citing conservative outlook due to export challenges and muted bidding in FY26. FY27 PAT growth of 30%: Management guided for 30% bottom-line growth in FY27, driven by existing order book quality and operating leverage. Capex of ~₹250 crore in FY27: Management expects capex similar to previous years at around ₹250 crore, primarily for capacity expansion. Capacity to reach 450,000 tons by June 2026: The ongoing 75,000-ton expansion will be commissioned by June 2026, taking total capacity to 450,000 tons per annum.
What are the key risks for Skipper in FY27?
Key risks include Export headwinds from Middle East and global shipping — Geopolitical tensions in the Middle East and elevated sea freight rates are delaying export order inflows and execution, impacting near-term growth.; Execution delays due to right-of-way and equipment shortages — Right-of-way clearances and shortages of transformers/HVDC equipment are extending project timelines, which could slow revenue conversion.; Trade receivables spike and working capital risk — 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.; Slower-than-expected domestic bidding recovery — Domestic bidding in FY26 was muted due to sector constraints; if the anticipated acceleration in FY27 does not materialize, order inflows may fall short..
Did Skipper meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Skipper Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.