Skipper Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018
May 17, 2018 at 05:15 am
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Skipper Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, the company reported net sales of INR 5,928.50 million compared to INR 6,105.24 million a year ago. Profit before exceptional and tax was INR 740.78 million compared to INR 782.16 million a year ago. Profit before tax INR 740.78 million compared to INR 782.16 million a year ago. Profit for the period was INR 493.47 million compared to INR 581.53 million a year ago. Diluted EPS was INR 4.80 compared to INR 5.68 a year ago. EBITDA (Excl Other Income) was INR 1,085.8 million against INR 1,010.1 million a year ago.
For the year, the company reported net sales of INR 21,076.18 million compared to INR 17,971.69 million a year ago. Profit before exceptional and tax was INR 1,803.89 million compared to INR 1,767.20 million a year ago. Profit before tax was INR 1,803.89 million compared to INR 1,767.20 million a year ago. Profit for the period was INR 1,177.62 million compared to INR 1,242.15 million a year ago. Diluted EPS was INR 11.46 compared to INR 12.14 a year ago. EBITDA was INR 3,025.5 million against INR 2,722.0 million a year ago. Operating EBITDA (Net Of Forex Income) was INR 2,749.3 million against INR 2,195.7 million a year ago.
Skipper Limited is an integrated transmission and distribution structure manufacturing company with angle rolling, tower, accessories and fastener manufacturing and engineering, procurement and construction (EPC) line construction. The Company operates through three segments: Engineering Products, Infrastructure Projects, and Polymer Products. The Engineering Products segment includes towers, tower accessories, fasteners, angles, channels, highmast poles, swaged poles, scaffoldings, solar power systems, railway structures, and others. The Infrastructure Projects segment includes horizontal direct drilling services and engineering, procurement & construction services. The Polymer Products segment includes polyvinyl chloride (PVC), chlorinated polyvinyl chloride (CPVC), unplasticized Polyvinyl Chloride (UPVC), soil, waste and rain (SWR) pipes and fittings, and other related products. Under the brand name Skipper, the Company manufactures a range of premium quality pipes and fittings.