News

Skipper Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for dealing in securities of the company will be closed for all designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter ending September 30, 2026, with the date of the board meeting to consider the results to be announced later.

Skipper Ltd share price inched up 2.16% to Rs 529.8. The Company`s net profit tanked by 27.22% to Rs 56.81 crore, while revenue from operations plunged by 21.41% to Rs 1309.83 crore in Q2FY26 over Q1FY26. The market capitalization of Heavy Electrical Equipment industry group stocks on BSE stood at Rs 12.21 lakh crore, nosediving by 18.07%. It has improved by 2.15% over last one week and crept higher by 6.02% in last one month while the market capitalization of Skipper Ltd has softened by 3.03% and 17.24% in the same period respectively. Profit before tax (PBT) of Skipper Ltd stood at Rs 75.99 crore in Q2 FY26, rallying 25.87% year-on-year, and crashing by 25.06% quarter-on-quarter. EBITDA came in at Rs 136 crore, easing 9.54% YoY and tumbling by 21.04% sequentially. Total expenses slumped by 21.31% to Rs 1191.9 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 844.33 crore, falling by 18.88% YoY, while employee benefits expense was at Rs 71.42 crore, inching up 2.57% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 40.90% to Rs 4624.48 crore, while net profit saw a strong growth of 82.87% to Rs 149.35 crore, compared to previous TTM. EBITDA jumped by 32060% to Rs 432.14 crore, and PBT soared 54.59% to Rs 198.65 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 153.27 crore in FY26, as against Rs 199.16 crore in FY25. Skipper Ltd gained 3.37% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.56% during the same period.

Skipper will hold a meeting of the Board of Directors of the Company on 11 August 2026.

Skipper has received revision in credit ratings from CRISIL as under:Total bank facilities rated - Rs 4621 croreLong term rating - Crisil A+/Stable (upgraded)Short term rating - Crisil A1 (reaffirmed)

Skipper announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 26 June 2026.