Skipper Ltd · NSE:SKIPPER
Skipper — Q2 FY2027 Earnings Presentation
51 slides from Skipper's earnings presentation, Oct 30, 2026
Slide 1: Stock exchange cover letter for investor presentation
SKPL/SECT/2026-27/102 Date: 30th October, 2026 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Sym
Slide 2: Seizing the Multi Decadal Opportunity - Q2 FY'27 Investor Presentation
Seizing the Multi Decadal Opportunity Positioned to Power Growth in the Global Transmission sector Q2 FY’27 - Investor Presentation October'2026
Slide 3: Table of Contents
Table of Contents 1. Q2 & H1 FY ’27 Performance Highlights 2. Company overview 3. Key Strengths ` 4. Industry Overview 5. Financial Trends 6. ESG, Awards & Recognition
Slide 4: Performance & Financial Highlights – Q2 & H1 FY'27
Performance & Financial Highlights – Q2 & H1 FY ’27
Slide 5: Director Speaks – Record Performance, Stronger Outlook
Director Speaks – Record Performance, Stronger Outlook “We have delivered another resilient quarter, achieving our highest-ever Q2 and H1 revenue, Resilient Performance EBITDA and PAT, supported by strong execution and operational discipline despite geopolitical • Highest-ever Q2 and H1 Revenue, EBI
Slide 6: Financial Performance Q2 FY'27
Financial Performance Q2 FY’27 Rs in Mn YoY Sl Profit & Loss Summary Q2 FY’27 Q2 FY’26 Change % Q1 FY’27 1 Revenues 13,839.8 12,617.9 9.7% 13,098.3 2 Reported EBITDA 1,448.3 1,306.9 10.8% 1,401.1 EBITDA Margins (%) 10.5% 10.4% +10 Bps 10.7% 3 (+) Other Income 16.2 40.7 44.1 4 (-) Depreciation 248.1
Slide 7: Financial Performance H1 FY'27
Financial Performance H1 FY’27 Rs in Mn YoY Sl Profit & Loss Summary H1 FY’27 H1 FY’26 Change % 1 Revenues 26,938.1 25,156.5 7.1% 2 Reported EBITDA 2,849.4 2,578.6 10.5% EBITDA Margins (%) 10.6 % 10.3% +30 Bps 3 (+) Other Income 60.3 73.5 4 (-) Depreciation 469.9 367.1 5 (-) Finance Cost 907.0 1,065
Slide 8: Key Performance highlights
Key Performance highlights Rs in Million Stand Alone - Revenue EBITDA & Margin PAT & Margin Rs in Mn + 10 % + 11 % + 56 % 13,098 13,840 1,401 1,448 575 12,618 1,307 565 10.7% 10.5% 10.4% 4.3% 4.2% 369 2.9% Q2 FY'26 Q1 Fy'27 Q2 FY '27 Q2 FY'26 Q1 Fy'27 Q2 FY '27 Q2 FY'26 Q1 Fy'27 Q2 FY '27 H1’27 Vs H
Slide 9: Segment Report
Segment Report Segment Profit & Loşs Summary Q2 FY’27 Q2 FY’26 Change % H1 FY27 H1 FY’26 Change % Net Sales 10,403.8 9,973.7 4.3% 19,805.1 20,221.5 -2.1% Engg Products EBITDA 1,237.3 1,171.3 5.6% 2,377.1 2,333.8 1.9% Polymer % of Sales 11.9% 11.7% 12.0% 11.5% 9% Infra Net şales 1,281.6 1,153.5 11.1%
Slide 10: Business Update – Q2 FY'27
Business Update– Q2 FY’27 Revenue Highlights Company registered its highest-ever second quarter revenue of Rs 13,840 million on back of strong execution across all its business segments, achieved growth of 10 % over previous year quarter Delivered a resilient operating performance despite geopolitic
Slide 11: Business Update – H1 FY'27
Business Update– H1 FY’27 Revenue Highlights Achieved its best ever half year revenue performance; Revenue of H1 Fy’27 increased to Rs 26,938 million against Rs 25,157 million in H1 FY’26, registering a growth of 7 % Delivered a resilient operating performance despite geopolitical disruptions impact
Slide 12: Major Update
Major Update Other Updates ❑ Successfully raised ₹4,335 Mn through a preferential equity issue to marquee global and domestic long-only institutional investors at an issue price of ₹470 per share, Investors include Small cap World Fund & American Fund Insurance (Backed by Capital Group), Bandhan Sma
Slide 13: Order Book & Inflows Update
Order Book & Inflows Update Order Book & Inflows ❑ Record closing order book: ₹100,657 Mn; up by 18.4 % over March 2026 Level, reinforcing strong revenue visibility ❑ Highest ever Q2 & H1 order inflow of ₹ 21,111 Mn (up 70% YoY) and ₹ 37,855 Mn (up 18% YoY) respectively; reflecting sustained busines
Slide 14: Order Book Highlights
Order Book Highlights Segmental Breakup ₹ 100,657 Mn ₹ 21,111 Mn ₹ 10,546 Mn 10% Highest ever Exports Highest ever closing Highest ever Orders Order inflows for any Orderbook inflows in Q2 17% quarter 73% ✓ ✓ ✓ Domestic contracts Share of non-T&D from PGCIL and products, including Share of Export in
Slide 15: Order Inflow Trend
Order Inflow Trend Q2 Fy’27 Total Inflow – Rs 21,111 Mn, up 70% YoY H1 Fy’27 Total Inflow – Rs 37,855 Mn, up 18% YoY Secured highest ever Q2 & H1 28,639 order inflow of Rs 37,855 mn 21,111 19,774 Rs mn 16,599 16,744 15,286 15,920 14,286 13,182 12,430 12,148 11,405 10,290 7,652 4,534 5,010 4,225 4,02
Slide 16: Efficient Debt Management
Efficient Debt Management Debt Details Rs in Million 30.09.2026 30.09.25 Inc / (Dec) 31.03.2026 Inc / (Dec) Long Term Debt 5,049 3,044 2,005 4,434 615 Current Maturities of Long 1,157 764 393 992 165 Term Debt Total Long Term Debt 6,206 3,808 2,398 5,426 780 Short Term Debt 1,147 3,894 (2,747) 3,792
Slide 17: Stand Alone - Performance & Leverage Ratios
Stand Alone - Performance & Leverage Ratios Particulars 30.09.26 30.09.25 31.03.26 Working Capital Ratios (+) Inventory Days 83 82 70 (+) Debtor Days 94 95 104 (-) Trade Payable Days (Excluding interest 84 68 90 bearing acceptances) Net Working Capital Days (Excl. Bills Payable) 93 109 84 Leverage R
Slide 18: Strategic Priorities
Strategic Priorities Complete the capacity ramp Deepen T&D capability 1 Commission the additional 75,000 MT capacity, optimize throughput at 2 Build out substation and HVDC capability to widen the addressable 450,000 MTPA and progress towards the targeted capacity of 600,000 transmission market MTPA
Slide 19: Growth Drivers & Value Creation Levers
Growth Drivers & Value Creation Levers Well-positioned to capture long-term industry tailwinds and to be a proxy play on China +1 theme for export markets Focus on strengthening EHV Market share through capacity expansion and focus on R&D initiatives Skipper is well positioned to seize the multi - d
Slide 20: Company Overview
Company Overview
Slide 21: Key Management
Key Management Whole Time Directors Sajan Kumar Bansal Sharan Bansal Devesh Bansal Siddharth Bansal Yash Pall Jain Chairman and Managing Director Director Director Director Director Independent Directors Mr. R N Nayak Mrs. Richa M Goyal Mr. Raj Kumar Patodi Mr. Pramod Shah Mr. Desh Raj Dogra Indepen
Slide 22: Our Journey – a legacy of 4+ decades
Our Journey – a legacy of 4+ decades - Commissioned one of India’s largest Tower & Monopole Load Testing Station - Set up DSIR approved R&D Centre 2020 2024 - Commissioned our first Transmission line EPC - Secured 9 projects from project 400 KV Panchkula Patiala for PGCIL PGCIL, including 8 key - Di
Slide 23: Key Strengths
Key Strengths
Slide 24: Key USP & Highlights
Key USP & Highlights • India’s largest (top 10 globally) integrated T&D tower structures manufacturer • Experienced Promoter with 4 decades of expertise in the manufacturing business Market Leadership • One of the largest manufacturers of T&D structures with tower testing facilities to serve their g
Slide 25: Diverse Product Portfolio (1/2)
Diverse Product Portfolio (1/2) We manufacture a range of Power Transmission structures, Telecom Towers, and Railway Electrification Infrastructure Engineering Infrastructure Power Transmission Railway Structures Power Distribution MS & High Tensile Tower & Substation EPC Telecom EPC Tower Poles Ang
Slide 26: Diverse Product Portfolio (2/2)
Diverse Product Portfolio (2/2) Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share. Polymer ✓ One of the largest manufacturer of ✓ Leveraging Economies of Scale in polymer pipes and fittings produ
Slide 27: Core Competencies in Manufacturing
Core Competencies in Manufacturing Integrate manufacturing facilities with advanced technology ✓ ✓ In-House Availability of Automated State-of-the-Art Products, Accessories, and Equipment Technical Services ✓ Value Optimization through ✓ Engineering and Design Single location plant leading Excellenc
Slide 28: Manufacturing Value Chain
Manufacturing Value Chain Our Value Chain Scale & Size Steel Billets & blooms as Wire Rod as Input input Strategic location Manufacture MS & HT Manufacture Bolts & Manufacture D-shackles & Angles Nuts Hangars Backward integration Competitive Advantage Fabricate & Galvanize Complete EPC Line Construc
Slide 29: Powering growth through R&D
Powering growth through R&D Leading through innovation • We have strengthened our innovation capabilities backed by our Tested towers & monopoles talented designing and R&D teams. • In-house research & development Centre - Howrah, West Bengal 765 kV D/C 500 kV D/C 220 kV Tower Tower D/C Tower • DSIR
Slide 30: A New Milestone – Second Tower Test Bed Commissioned
A New Milestone – Second Tower Test Bed Commissioned Skipper Limited Unveiled Dual Transmission Tower Test Beds Skipper Limited recently launched two fully independent Transmission Tower Test Beds at a single location — a first-of- its-kind setup engineered for full-scale testing of Lattice Towers a
Slide 31: Strong Global presence
Strong Global presence Exporting to 7,100 mn 50+ countries 12M’26 Export Revenue 16 % 8,502 mn 12M’26 Export contribution to Engineering Segment Share of Exports in March Africa South America Middle East South and SE Asia FY26 Orderbook (Rs mn) 18 9 7 Revenue 9 North America Oceania Europe 3 2 6 We
Slide 32: Industry Overview
Industry Overview
Slide 33: Power T&D Lines a Multi Decadal Opportunity
Power T&D Lines a Multi Decadal Opportunity Addition of 7.4 mn of transmission lines Global grid investment to nearly double in Asia pacific and North America continue to hold globally till CY50 next 5 years lion’s share with 70% of total investments Region wise split of CY24-29 investment (USD 3,05
Slide 34: Power T&D super-cycle underway in India
Power T&D super-cycle underway in India ➢ The GOI (combined NEP + State) to add 1.15 lakh ckm of lines in the period FY22-27 and 0.77 lakh ckm of Rs 9.2 tn lines during FY27-32 NEP Capex outlay during ➢ Additionally, 33 GW of HVDC Bipole links are in the process of planning FY22–32 on High Voltage ➢
Slide 35: Importance of New Transmission lines for Renewables
Importance of New Transmission lines for Renewables New transmission lines are a crucial part of our renewable energy future – They ensure reliable, efficient and widespread renewable power supply Resource Location Energy Reliability Grid Integration Capacity Expansion ✓ Many renewable sources are i
Slide 36: Transmission: Large Structural Opportunity (1/2)
Transmission: Large Structural Opportunity (1/2) Structural Industry Opportunity (Macro Massive Transmission Capex Visibility Strong Order Flow Drivers (Execution Tailwind) • Transmission network planned for >900 GW Pipeline) • India’s power system undergoing once-in-a- integration by 2035-36 • Tran
Slide 37: Transmission: Large Structural Opportunity (2/2)
Transmission: Large Structural Opportunity (2/2) Transmission Ahead of Generation (Key Policy & Regulatory Push Additional Demand Drivers (Beyond RE) Insight) • Strong government alignment: • New energy loads: • Transmission requires longer gestation vs • 500 GW RE target by 2030 • Green hydrogen re
Slide 38: Strong tailwinds in Telecom and Railway sector
Strong tailwinds in Telecom and Railway sector Telecom sector in India - 2nd largest Telecom market in the world Growth Drivers for Telecom sector ➢ 2nd largest Telecom market in the world with a subscriber base of ~1.18 bn ➢ Internet penetration up 75% as of CY24 (CY20 -54%) , to reach 86% by CY28
Slide 39: Polymer sector outlook
Polymer sector outlook In India’ CPVC pipes market grow > 2x by CY29rivers Key Growth Drivers Drivers ✓ Government Infrastructure Initiatives 799 • Jal Jeevan Mission to provide tap water connections to all rural households by 2024 251 • AMRUT for sustainable urban development 480 • Housing for All
Slide 40: Consolidated - Financial Trends
Consolidated -Financial Trends
Slide 41: Key Performance Trend - Consolidated
Key Performance Trend - Consolidated Rs in mn Revenue EBITDA & Margin PAT & Margin Rs in Mn CAGR CAGR CAGR 35.9% 70.6% 34.3% 10.31% 9.72% 9.73% 9.77% 3.23% 3.84% 55,528 1.80% 2.49% 1.47% 46,245 9.83% 5,727 2,131 4,517 32,820 1,493 3,194 17,071 19,803 1,925 817 1,678 251 356 FY22 FY23 FY24 FY25 Fy'26
Slide 42: Profit & Loss - Trend
Profit & Loss - Trend Rs in mn Sl Particulars FY22 FY23 FY24 FY25 FY26 1 Revenues 17,070.80 19,803.00 32,820.43 46,244.80 55,528.22 2 Reported EBITDA 1,678.30 1,925.48 3,194.34 4,516.58 5,726.61 EBITDA Margins (%) 9.83% 9.72% 9.73% 9.77% 10.31% 3 (+) Other Income 40.12 53.17 85.95 195.19 105.55 4 (-
Slide 43: Segment Report
Segment Report Rs in mn Segment Profit & Loss Summary FY22 FY23 FY24 FY25 FY26 Net Sales 13,218.48 15,238.54 22,310.42 35,184.94 43,590.15 Engineering Products EBITDA 1,607.92 1,718.34 2,595.44 3,929.81 5,101.36 EBITDA margin (%) 12.16% 11.28% 11.63% 11.17% 11.7% Net şales 3,200.21 4,059.49 4,526.38
Slide 44: Balance Sheet Trend
Balance Sheet Trend Rs in mn Assets FY22 FY23 FY24 FY25 FY26 Equity and Liabilities FY22 FY23 FY24 FY25 FY26 Non-Current Assets Equity Equity Share Capital 102.67 102.67 105.24 112.85 114.51 Fixed Assets (Incl. CWIP) 6,709.31 7,041.05 7,653.99 10,343.62 14,400.46 Other Equity 7,218.64 7,571.46 8,870
Slide 45: ESG, Awards & Recognition
ESG, Awards & Recognition iG oe
Slide 46: Environmental, Social and Governance
Environmental, Social and Governance New Initiatives 400 KWp Rooftop Solar installation in Uluberia plant The Uluberia plant has installed a 400 kWp rooftop solar photovoltaic system to significantly increase the share of renewable energy in our overall power consumption. Steady Progress Toward Net-
Slide 47: Exhibitions / Trade Fairs – ASCE
Exhibitions / Trade Fairs – ASCE Skipper at the ASCE Electrical Transmission and Substation Structures (ETS) Conference 2025 The ASCE Electrical Transmission and Substation Structures (ETS) Conference was held in Dallas, Texas, from September 14–18, 2025. Sponsored by the Structural Engineering Inst
Slide 48: Social and Environment Initiatives (1/2)
Social and Environment Initiatives (1/2) Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with S
Slide 49: Social and Environment Initiatives (2/2)
Social and Environment Initiatives (2/2) Investor Presentation | Oct 2026 48
Slide 50: Recognition
Recognition Recognized Great place to work 5 years consecutively BRITISH SAFETY COUNCIL RECOGNIZED GREAT PLACE INTERNATIONAL SAFETY PREMIUM MEMBER 2025 TO WORK AWARD 2025 ASSOCHAM AWARD ET ENTREPRENEUR AWARD EMERGING EPC PLAYER AWARD 2025 2025 BY POWERGRID 2024 Investor Presentation | Oct 2026 49
Slide 51: Thank you
DISCLAIMER This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or an offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Di