This small-cap stock records a whopping net profit of 177 per cent; may shine brightly in a fragile market

he company has a strong pipeline of Rs 4,500 crore international along with Rs 5,000 crore domestic and expects a substantial rise in the volume of international orders in the current fiscal.

Skipper Ltd (India), which is one of the world's leading manufacturers of power transmission & distribution structures, announced its results for the third quarter of FY22 ended March 31, 2022.   

The total revenue of the company jumped 11.1 per cent on a YoY basis to Rs 552.65 crore in Q4FY22. EBITDA surged 44.1 per cent on a YoY basis to Rs 61.67 crore in Q4FY22. Profit after tax jumped a whopping 177 per cent YoY to Rs 25.12 crore in Q4FY22.   

Q4FY22 order inflow stood at Rs 271 crore for engineering product supplies from several SEBs and for various export supplies. The closing order book as of March 31, 2022, is valued to be Rs 2,115 crore, which constitutes 45 per cent exports and 55 per cent domestic orders. The company has a strong pipeline of Rs 4,500 crore international along with Rs 5,000 crore domestic and expects a substantial rise in the volume of international orders in the current fiscal. Its management expects the exports to grow by 50 per cent of engineering revenue in the current year (FY’22) and to 75 per cent in the next couple of years.   

Commenting on the release, Sharan Bansal, Director of Skipper Ltd said, “Our success this quarter is largely due to our steady order inflow and a significant increase in our international orders. We are also quite enthused with the signs of a rebound in T&D domestic ordering. As a whole, we had a great year in terms of revenue & profitability in spite of global challenges like continued rise in raw material prices and freight cost, along with container unavailability.”

Skipper Ltd is a prominent manufacturer of telecom and railway structures and also, a significant player in the polymer pipes & fittings industry.