Skipper Limited registers 231% growth in profit in FY 2014-15

Skipper Limited has announced its annual results for fiscal year 2014-2015. Skipper continued their upward growth trajectory with a distinct improvement in profitability as the net profit for the year ended March 31, 2015 rose to INR 89.17crores from INR 26.91 crores in the previous year.

SALES ACHIEVEMENTS

The total gross income of Skipper Limited increased to INR 1458.90 crores from INR I, I67crores in the previous year achieving a growth of over 24.98% on year to year basis.

PROFITABILITY

The Company has registered operational growth as evidenced by the fact that it has achieved EBIDTA of INR216.82 crore this year which is 93% higher than the EBIDTA of the previous year. Profit before taxation has also increased to INR 136.57 crores from INR 36.71Crores in the previous year registering an increase of 272%. Similarly, the Profit after taxation has also increased to INR 89.17 crores from INR 26.91crores in the previous year registering a growth of 231%. The improved and steady performance of operations across geographies led to this significantly improved performance for Skipper Limited.

DIVIDEND

Skipper Limited’s Board has recommended dividend of 130% as against 15% in the previous year.

CURRENT ORDER BOOK& NEW ORDERS

The current order book position Skipper Limited as on March 2015 is approximately 2400 Cr (INR 24 Billion) and has more than doubled from previous year FY14. International orders make up about 45% out of this and the rest are domestic. Continuous focus in strengthening its business presence in overseas markets, namely in Africa, Europe, North America and Lat-Am region has resulted in increased top and bottom line for the company.

Commenting on the results, Mr. Sajan Kumar Bansal, Chief Managing Director, Skipper Limited said- “Skipper has continued on its growth trajectory this financial year and the management is pleased to report a very healthy and robust balance sheet. With our focus on two critical sectors for the nation, Power T&D and Water, and with a dedicated management we will continue to invest in quality material and solutions that deliver high operating efficiencies. There is no doubt that Skipper will continue to be a rising star in the future as well”

Mr. Sharan Bansal, Director, Skipper Limited said- “Our significant growth in T&D space is owing to the cost effective solutions for global T&D Utilities. Skipper is currently moving from being a national player to expanding its global footprint through securing major international contracts in the T&D space. Our EBIDTA margin of 16.52% is one of the highest in the industry.”