200 per cent jumps in net profit: This Heavy Electrical Equipment company bags massive orders worth Rs 1,373 crore from Powergrid Corporation!
Shares of the company grew by more than 170 per cent in the last one year.
On 17th June, 2023, Skipper Limited, informed in the exchange filing that it had secured new orders of Rs 1,135 crores. The order involves for Design, supply, and construction of new Transmission line projects for Powergrid Corporation as well as Tower and Pole export supplies to Latin America, the Middle East, and the North Africa region.
The company posted impressive Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 657.36 crore which grew by 18.95 per cent YoY. The operating profit of the company stood at Rs 73.37 crore, while the PAT of the company stood at Rs 20.87 crore. However, on QoQ basis, the companies net profit of the company grew by 200 per cent.
Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment. With over 40+ years of domain knowledge, it is one of the largest in India and tenth globally on the basis of manufacturing capacity. Skipper differentiates its offerings with high-quality but cost-effective solutions for infrastructure providers and telecom operators.
On Friday, the stock opened at Rs 138.75, with a high and low of Rs 146.80 and Rs 138.10. The stock previously closed at Rs 138.00. The stock closed trading at Rs 143.85, up by 4.24 per cent.
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