Skipper Ltd (BOM:538562)
₹ 414.95 -11.3 (-2.65%) Market Cap: 45.26 Bil Enterprise Value: 51.17 Bil PE Ratio: 49.48 PB Ratio: 5.23 GF Score: 71/100

Q4 2024 Skipper Ltd Earnings Call Transcript

May 02, 2024 / 11:30AM GMT
Release Date Price: ₹352.1 (-1.48%)

Key Points

Positve
  • Skipper Ltd (BOM:538562) achieved its best-ever revenue quarter, reaching INR1,153 crores, a 76% increase from the previous year's quarter.
  • The Engineering segment revenue hit an all-time high of INR701 crores, a 41% increase from the previous year.
  • The Infrastructure segment revenue saw a remarkable growth of 3034%, totaling INR349 crores.
  • Consolidated EBITDA increased to INR108.6 crores with an operating margin of 9.4% for the quarter.
  • The company secured significant domestic and international contracts, contributing to a total inflow of INR1,141 crores, with a current order book standing at an all-time high of INR6,215 crores.
Negative
  • Gross profit margins fell significantly from 36% in Q3 FY24 to 21% in Q4 FY24.
  • There was an increase in the cost of goods sold, which impacted the overall profitability.
  • Long-term borrowing has increased, and the company will continue to use a combination of internal accruals and further long-term borrowing to fund CapEx plans.
  • The Polymer segment revenue decreased by 30% in Q4 FY24 compared to the previous year.
  • Potential slowdown in order inflows and execution due to upcoming elections, which could temporarily impact revenue.
Operator

Ladies and gentlemen, good day, and welcome to Skipper Limited Q4 FY24 earnings conference call hosted by Ambit Capital.

(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Prakhar Porwal from Ambit Capital. Thank you, and over to you, sir.

Prakhar Porwal
Ambit Capital Private Limited - IR

Thank you. Hello, everyone. Welcome to Skipper Limited 4Q FY24 Earnings Call. On the management side, today, we have with us Mr. Sharan Bansal, Director of the company; Mr. Shiv Shankar Gupta, Chief Financial Officer; and Mr. Aditya Dujari, General Manager of Finance and Investor Relations. Thank you, and over to you, sir, for the opening remarks.

Sharan Bansal
Skipper Ltd - Whole-Time Director

Thank you, Prakhar. Good evening, everyone, and thank you for your continued interest in Skipper. Before we delve into our operational and financial highlights, I would like to emphasize that any forward-looking statements made during the call should be viewed in light

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