Skipper Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
February 13, 2020 at 04:44 am EST
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Skipper Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 3,010.69 million compared to INR 4,351.64 million a year ago. Net income was INR 46.28 million compared to INR 64.55 million a year ago. Basic earnings per share was INR 0.45 compared to INR 0.63 a year ago.
For the nine months, total revenue was INR 9,533.18 million compared to INR 14,384.81 million a year ago. Net income was INR 131.31 million compared to INR 134.47 million a year ago. Basic earnings per share was INR 1.28 compared to INR 1.31 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.
SKIPPER LIMITED 
