Skipper Ltd reports consolidated PAT of Rs. 28.12 crore in Q4 FY2020

Skipper Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.439.15 crores during the period ended March 31, 2020 as compared to Rs.301.06 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.28.12 crores for the period ended March 31, 2020 as against Rs.4.62 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.74 for the period ended March 31, 2020 as compared to Rs.0.45 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 439.15 crs	₹ 301.06 crs	45.87%
Net Profit	₹ 28.12 crs	₹ 4.62 crs	508.66%
EPS	₹ 2.74	₹ 0.45	508.89%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.439.15 crores during the period ended March 31, 2020 as compared to Rs.433.75 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.28.12 crores for the period ended March 31, 2020 as against Rs.17.74 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.2.74 for the period ended March 31, 2020 as compared to Rs.1.73 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 439.15 crs	₹ 433.75 crs	1.24%
Net Profit	₹ 28.12 crs	₹ 17.74 crs	58.51%
EPS	₹ 2.74	₹ 1.73	58.38%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.1392.47 crores during the 12 months period ended March 31, 2020 as compared to Rs.1872.23 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.41.25 crores for the 12 months period ended March 31, 2020 as against Rs.31.19 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.4.02 for the 12 months period ended March 31, 2020 as compared to Rs.3.04 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 1392.47 crs	₹ 1872.23 crs	-25.63%
Net Profit	₹ 41.25 crs	₹ 31.19 crs	32.25%
EPS	₹ 4.02	₹3.04	32.24%

Order book Position: The closing Order book as on March 31st 2020 is valued to be Rs. 20,110 Million, which constitutes of 30% exports and 70% domestics orders. The company has a strong bidding pipeline of Rs.51,500 Million and expects a substantial rise in the volume of international orders in the current fiscal. Management expects the International business share in order book to rise to 50% in next 2 years.

Commenting on the occasion, Mr.Sharan Bansal, Director Skipper Limited said "At Skipper, we believe in 'Never Wasting a good Slowdown!'. With the slowdown in the economy being made worse by the sudden impact of the Covid-19 crisis, we see it as an opportunity to accelerate our efforts of improving bottom-line by cutting costs, working capital and improving upon sales realizations through continuous tapping of new markets and geographies. The focused efforts started by the 2000 strong Skipper team earlier in the year is now yielding strong results evidenced by our increasing Operating EBITDA margins in our key businesses and Lowering of Finance costs and working capital".

He said "We are enthusiastic about the commissioning of our new Tower & Pole Test Station and Research center and also for obtaining the DSIR (Dept. of Scientific Industrial Research) certification for our in-house R&D Unit. Also, the domestic T&D market is witnessing a rebound in bidding activity with PGCIL coming out with Rs.150,000 Million of Bids under the TBCB model in March'20. With domestic markets looking exciting again, our bidding pipeline has jumped to over Rs.50,000 Million and our focus on developing new export markets and customers remains strong. We remain on target to get a 50-50 mix between exports and domestic business in the next 2 years".

He also commented" The health and safety of all our stakeholders remains a priority in these tough times - All plant and site locations of the company follow strict SOP's for Covid related safety and a new Covid term insurance cover for 100% of our workforce has also been put in place at Skipper."

Mr. Devesh Bansal, Director Skipper Limited said, "We are extremely proud to announce that the Engineering division of Skipper has become the first, in India to have successfully designed, fabricated and type test 400 kV S/C & 765 kV S/C monopoles. This project was executed under the guidance of PGCIL and this design is expected to be used for future monopole requirements."

He added, "Skipper Polymer business has started seeing good traction as a result of its various initiatives over the past few quarters. Inspite of challenging environment and losing part of the quarter due to the COVID 19 lockdown, the polymer division has posted growth in both its topline as well as margin numbers. This trend is expected to only accelerate in the future."

Shares of Skipper Ltd was last trading in BSE at Rs.39.3 as compared to the previous close of Rs. 41.9. The total number of shares traded during the day was 36485 in over 500 trades.

The stock hit an intraday high of Rs. 42.9 and intraday low of 35.65. The net turnover during the day was Rs. 1465607.

Source : Equity Bulls

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