Q2 2025 Skipper Ltd Earnings Call Transcript
Key Points
- Skipper Ltd (BOM:538562) achieved its best-ever second-quarter revenue of INR 1,109 crore, reflecting a 44% growth compared to the previous year.
- The company's consolidated EBITA increased by 53% to INR 112 crore, with an improved operating EBITA margin of 10.1%.
- The order book stands at INR 6,590 crore, the highest in the company's history, indicating strong future revenue potential.
- Skipper Ltd (BOM:538562) has a robust export revenue growth of 23% in the first half of FY25, reaching INR 410 crore.
- The company is well-positioned to capitalize on the global shift towards renewable energy, with qualifications to undertake high-voltage projects up to 800 KV.
- The polymer segment experienced a revenue decline of 7%, attributed to channel partner destocking and project slowdowns.
- Despite significant revenue growth, operating margins have remained largely range-bound, with limited visible operating leverage benefits.
- The company's working capital days have increased, raising concerns about cash flow management.
- There is no defined timeline for the planned INR 600 crore fundraise, which could impact future expansion plans.
- The export order conversion cycle is slow, leading to uncertainties in the timing of international order inflows.
Ladies and gentlemen, good day and welcome to Skipper Limited Q2 FY25 earnings conference call all hosted by ICIC Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then 0 on your Touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Ms Nidhisha from ICICI Securities. Thank you and over to you, ma'am.
Thanks for that. Good afternoon, everyone.
Today we welcome the management of Skipper for discussion of the Q2 Y 25 performance management team is represented by Mr. Sharan Bansal Executive Director, Mr Shiv Shankar Gupta, the CFO, Aditya Dujari GM Finance/Investor Relations So over to you Mr Sharan for opening remarks and then we will open the floor for Q&A.
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