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27 Years
4.4 Star
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Construction & Engineering company Skipper announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue: Achieved a remarkable 75.5% increase in revenue, reaching Rs 11,535 million compared to Rs 6,574 million in Q4FY23.
- EBITDA: Recorded a 51.6% growth in Reported EBITDA, standing at Rs 1,085.4 million in Q4FY24, compared to Rs 716.0 million in the same period last year.
- Profit Before Tax: Reported a 43.7% increase in Profit Before Tax, reaching Rs 476.0 million in Q4FY24, compared to Rs 331.3 million in Q4FY23.
- Profit After Tax: Reported a 6.1% growth in Profit After Tax, reaching Rs 251.6 million in Q4FY24, compared to Rs 237.2 million in the previous year’s period.
FY24 Financial Highlights:
- Revenue: For the full fiscal year FY24, revenue surged to Rs 32,820 million, marking a substantial growth of 65.7% against guidance of 25%.
- Reported EBITDA: The full-year Reported EBITDA reached Rs 3,194.3 million, reflecting a growth of 65.9%.
- Profit Before Tax: For the full fiscal year FY24, Reported PBT stood at Rs 1,285.0 million, indicating a growth of 157.3%.
- Profit After Tax: The full-year Reported PAT surged to Rs 816.7 million, representing a growth of 129.6%.
Commenting on the release Sharan Bansal, Director Skipper, said – “We are immensely proud of Skipper Limited’s exceptional performance in Q4 & FY24, marked by robust revenue growth and profitability. Our strategic initiatives have yielded significant results, as evidenced by the substantial increase in revenue and profitability metrics. The efficient management of working capital and all time high strong order books further underscore our operational excellence and resilience.
We are excited to announce our intention to expand our engineering capacity by another 75,000 MT , from existing 300,000 MTPA to 375,000 MTPA by end of this year. This expansion represents a significant investment in our future and underscores our confidence in the robust demand for our products and services in both domestic and international markets.
Looking ahead, we anticipate a strong revenue performance across major segments, fuelled by pending engineering and infrastructure execution and improving polymer performance. With a proactive approach, we expect to achieve a 25% CAGR growth over the next 2 years. This promising outlook, combined with our strategic vision, positions Skipper limited for sustained success and leadership in the industry”
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