Skipper Ltd
Skipper Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Skipper Limited aims for a 20% compound annual growth rate (CAGR) in revenue for FY '26 and beyond. Skipper Limited expects a 20% CAGR revenue growth in the current year with multi-year growth runway ahead.
From Skipper Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Skipper Limited aims for a 20% compound annual growth rate (CAGR) in revenue for FY '26 and beyond.
- The company aspires to maintain year-on-year revenue growth between 20% to 25% over the next 2-3 years, reflecting a multi-year growth runway.
- Q4 FY '26 revenue is expected to grow at 25-30%, supporting the full year target of around 21-22% growth.
- Order inflows and order book are progressively increasing, with a healthy order book of approximately USD 1 billion (~INR 9,000 crores).
- Export market penetration is growing, with long-term aspiration to reach a 50:50 domestic to export order mix, although timelines are uncertain.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Skipper Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Skipper Limited has recently completed a 75,000 tons brownfield capacity expansion, now fully operational.
- An additional 75,000 tons capacity expansion is underway, expected to commission by the end of FY '26 (March 2026), likely spilling into Q1 FY '27.
- Total installed capacity will reach 450,000 tons by FY '26 end.
- Capacity utilization for new expansion expected to reach 85-90% (optimum utilization) by Q2 FY '27.
- The company has not yet firmed up actual capex numbers for the next year; expected to be finalized in March.
- Capex guidance over the next 4 years remains at approximately INR 800 crores.
- The company is scouting for land for any additional new capacity (greenfield), considering sites both in and outside West Bengal.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Skipper Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of December 2025, Skipper Limited's order book stood at approximately USD 1 billion (INR 9,009 crores), an all-time high.
- The order book comprises about 90% domestic and 10% export orders.
- The average execution timeline for orders is around 2 years, with some shorter-term (1-1.5 years) and some longer-term contracts.
- The export order book is close to INR 900 crores, likely the highest among Indian transmission tower companies, and is growing healthily.
- The company secured new orders worth INR 1,428 crores in Q3 FY '26, including significant domestic EPC contracts and prestigious 765 kV transmission line projects.
2 more points management made on order book & pipeline
Skipper Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹76 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Skipper's management said in earlier quarters
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Frequently Asked Questions
What were Skipper Ltd Q3 FY26 results?
Skipper Limited aims for a 20% compound annual growth rate (CAGR) in revenue for FY '26 and beyond. Skipper Limited expects a 20% CAGR revenue growth in the current year with multi-year growth runway ahead.
What is Skipper Ltd share price analysis?
Skipper Ltd currently shows a neutral. The stock trades at a P/E of 28.8 with a market cap of ₹6,195 Cr. Investors should review the full earnings analysis for detailed insights.
Is Skipper Ltd planning capital expenditure?
Skipper Limited has recently completed a 75,000 tons brownfield capacity expansion, now fully operational.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.