Skipper Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 07:42 am EST
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Skipper Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 7,723.73 million compared to INR 4,620.02 million a year ago. Revenue was INR 7,742.54 million compared to INR 4,631.74 million a year ago. Net income was INR 197.83 million compared to INR 29.92 million a year ago. Basic earnings per share from continuing operations was INR 1.93 compared to INR 0.29 a year ago. Diluted earnings per share from continuing operations was INR 1.93 compared to INR 0.29 a year ago.
For the six months, sales was INR 13,269.54 million compared to INR 8,780.91 million a year ago. Revenue was INR 13,302.9 million compared to INR 880,414 million a year ago. Net income was INR 360.37 million compared to INR 23.45 million a year ago. Basic earnings per share from continuing operations was INR 3.51 compared to INR 0.23 a year ago. Diluted earnings per share from continuing operations was INR 3.51 compared to INR 0.23 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.