Kolkata company expects 25% CAGR growth over the next 3 years
The order bidding pipeline remains robust with a substantial international pipeline of Rs.98,300 million and a domestic pipeline of Rs.52,000 million for Skipper Limited (BSE: 538562) and (NSE: SKIPPER) of Kolkata.
“With a proactive approach, we expect to achieve a 25% CAGR growth over the next three years. This promising outlook, combined with our management’s strategic vision, positions Skipper Limited for sustained success and leadership in the industry,” says Sharan Bansal, Director, Skipper Limited.
The Government’s ambitious 500 GW RE integration plan promises a robust bidding pipeline in India.
“This plan not only presents significant opportunities for Skipper in the renewable energy sector but also opens doors to various other business avenues for the company,” added Devesh Bansal, also a Director of Skipper.
The company achieved an order inflow totalling Rs.4,020 million, contributing to a year-to-date inflow of Rs.31,450 million as per its financial report for the quarter ended 31 Dec 2023.
Revenue for the quarter soared by an impressive 80.2%, leaping from Rs.4,448 million to Rs.8,016 million over the last year quarter.
Additionally, Profit After Tax (Reported PAT) also witnessed a remarkable growth, surging by 115.3% from Rs.95.1 million to Rs.204.7 million compared to the previous year’s quarter.
The Closing Order Book, of the company stands at an impressive Rs.57,790 million, with a composition of 82% from the domestic market and 18% from exports.
Skipper is one of the world’s leading manufacturers for Power Transmission & Distribution structures and a prominent manufacturer of Telecom and Railway structures as well as a significant player in Polymer Pipes & Fittings industry. Fiinews.com
