Skipper Ltd has reported an overall order inflow of Rs.2,744 crore in the first half (H1: April to September) of FY24. This was the highest-ever H1 order inflow in any year so far.
According to an investor presentation filed by Skipper Ltd on stock exchanges, Skipper Ltd booked orders worth Rs.2,744 crore in H1 of FY24, which was more than thrice the Rs.863 crore worth of orders booked in H1 of FY23.
Export orders in H1 of FY24, at Rs.602 crore, were 67 per cent higher than the comparable level of Rs.356 crore in H1 of FY23. In H1 of FY24, exports accounted for 22 per cent of the total order inflow.
As of September 30, 2023, Skipper’s outstanding order book stood at Rs.6,074 crore, out of which exports accounted for 17 per cent.
Going by business segment, power T&D accounted for 41 per cent of the total outstanding order book position, as of September 30, 2023.
In the power T&D sector, Skipper’s activities largely comprise the manufacturing of power transmission towers, power distribution poles, and monopolies. The company is also engaged in EPC works related to power transmission and railway electrification.
Skipper Ltd has three business divisions – engineering products, infrastructure, and polymer. Power T&D-related activities fall under the first two.
Exports of engineering products have made inroads in the high-potential developed markets of North America, Asia Pacific and Middle East. These markets were earlier dominated by Chinese and Turkish players, the presentation said.
As of September 30, 2023, Skipper Ltd had a strong bidding pipeline of Rs.12,620 crore – comprising Rs.8,020 crore in the international market and Rs.4,600 crore in the domestic market.
In the international markets, majority of new transmission lines are now getting built to cater renewables; leading to shorter execution cycle and faster supplies to meet project deadlines, the presentation observed.
Also read: Skipper Wins Power T&D Orders Worth Rs.924 Crore
Domestic power T&D activities are showing are showing signs of strong rebound and the tender pipeline continues to stay strong, the presentation added.
