Skipper Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 04, 2021 at 02:55 am EDT
Share
Skipper Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 4,997.33 million compared to INR 4,391.54 million a year ago. Net income was INR 90.29 million compared to INR 281.24 million a year ago. Basic earnings per share from continuing operations was INR 0.88 compared to INR 2.74 a year ago. For the full year, total revenue was INR 15,855.31 million compared to INR 13,924.72 million a year ago. Net income was INR 214.34 million compared to INR 412.55 million a year ago. Basic earnings per share from continuing operations was INR 2.09 compared to INR 4.02 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.