Skipper Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 04:55 am EST
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Skipper Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,015.81 million compared to INR 4,448.52 million a year ago. Revenue was INR 8,038.36 million compared to INR 4,460.71 million a year ago. Net income was INR 204.69 million compared to INR 95.06 million a year ago. Basic earnings per share from continuing operations was INR 1.99 compared to INR 0.92 a year ago. Diluted earnings per share from continuing operations was INR 1.99 compared to INR 0.92 a year ago.
For the nine months, sales was INR 21,285.35 million compared to INR 13,229.43 million a year ago. Revenue was INR 21,341.26 million compared to INR 13,264.85 million a year ago. Net income was INR 565.06 million compared to INR 118.51 million a year ago. Basic earnings per share from continuing operations was INR 5.5 compared to INR 1.15 a year ago. Diluted earnings per share from continuing operations was INR 5.5 compared to INR 1.15 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 
