Skipper Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
November 14, 2018 at 04:38 am EST
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Skipper Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported total revenue of INR 5,242.96 million compared to INR 5,159.46 million a year ago. PBT was INR 38.30 million compared to INR 365.33 million a year ago. Profit for the period was INR 24.94 million or INR 0.24 per basic and diluted share compared to INR 232.41 million or INR 2.26 per diluted share a year ago. Operating EBITDA (without Forex) was INR 534.6 million against INR 658.1 million a year ago. Operating PBT was INR 184.9 million against INR 340.5 million a year ago.
For the six months period, the company reported total revenue of INR 10,033.17 million compared to INR 9,494.22 million a year ago. PBT was INR 102.17 million compared to INR 612.91 million a year ago. Profit for the period was INR 69.92 million or INR 0.68 per basic and diluted share compared to INR 392.17 million or INR 3.82 per diluted share a year ago. Operating EBITDA (without Forex) was INR 1,043 million against INR 1,064.8 million a year ago. Operating PBT was INR 307.3 million against INR 478.7 million 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.