The shares of the largest Power T&D structure manufacturer gained up to 13 percent after the company received a new work order for the supply and construction of a new 765 Kv Transmission Line Project worth Rs 737 crore.
With a market capitalization of Rs 4,232.89 crore, the shares of Skipper Ltd were trading at Rs 374.00 per share, increasing around 5.55 percent as compared to the previous closing price of Rs 353.40 apiece.
According to the company filing, Skipper Ltd received a new work order for the supply and construction of a new 765 Kv Transmission Line Project for Power Grid Corporation of India Limited (PGCIL) worth Rs 737 crore.
Furthermore, the consistent flow of orders from PGCIL has significantly reinforced its order book in India’s Transmission and Distribution (T&D) domain. With a year-to-date order intake of more than Rs. 3,900 crores, these recent successes are expected to play a critical role in pushing our future development trajectory.
Looking into the company’s performance, Skipper Ltd’s revenue increased by 80 percent from Rs 445 Crore in Q3FY23 to Rs 802 Crore in Q3FY24. During the same period, net profit increased by 157 percent from Rs 7 crore to Rs 18 Crore.
Skipper shares have delivered returns of 82.11% in the previous six months and multi-bagger returns of 282.90% in a year. As a result, if a shareholder investment of Rs 1 lakh in the firm is now worth Rs 3.82 lakh.
During the quarter, the business obtained new orders totaling Rs 4,020 million, with a 9-month YTD inflow of Rs 31,450 million, and secured significant size transmission tower export contracts from Middle East Asia and several other T&D projects both domestic and international including Telecom.
Skipper Ltd manufactures and sells transmission and distribution structures, as well as pipes and fittings. It also carries out EPC projects in the infrastructure area.
Written by:- Abhishek Singh
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