Skipper Limited Reports Audited Earnings Results for the Fourth Quarter and Year Ended March 31, 2017
May 15, 2017 at 08:35 am EDT
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Skipper Limited reported audited earnings results for the fourth quarter and year ended March 31, 2017. For the quarter, the company reported net sales of INR 5,646.6 million compared to INR 5,227.3 million a year ago. Operating EBITDA was INR 748.7 million compared to INR 734.1 million a year ago. Operating PBT was INR 533 million compared to INR 526.4 million a year ago. PBT was INR 696.7 million compared to INR 526.4 million a year ago. PAT was INR 527.8 million compared to INR 361.2 million a year ago. Earnings per share were INR 5.15 per diluted share compared to INR 3.53 a year ago.
For the full year, the company reported net sales of INR 16,785.7 million compared to INR 14,623.5 million a year ago. Operating EBITDA was INR 2,267.1 million compared to INR 2,011.1 million a year ago. Operating PBT was INR 1,371.9 million compared to INR 1,251.6 million a year ago. PBT was INR 1,565.2 million compared to INR 1,433.0 million a year ago. PAT was INR 1,115.0 million compared to INR 951.3 million a year ago. Earnings per share were INR 10.89 per diluted share compared to INR 9.30 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.