Shares of Skipper rose 2.3% to ₹577 on Wednesday, driven by a fresh transmission‑and‑distribution order haul. 2.3% higher, the stock sits just 6.6% below its ₹616 52‑week high.
The company announced a ₹797 crore order book comprising domestic 765‑kV lines and export towers for Australia. 1.5‑kV export projects add depth to its overseas portfolio, while the domestic 765‑kV line underscores its presence in high‑voltage infrastructure. Earlier this year, a comparable order win was secured for North American towers, showing a repeatable order pattern. 73% year‑to‑date share growth signals investor confidence.
Sharan Bansal, Director, said the orders reinforce Skipper’s focus on technically complex T&D projects. He reiterated the firm’s 15% revenue guidance for FY24 and a 30% EBITDA target, while noting margin expansion from export wins. “Our growing traction in developed markets gives us the chance to tackle larger, more demanding projects,” Bansal added.
Looking ahead, Skipper expects a 20% revenue jump in FY25, aided by stronger export orders and improved execution. The next earnings release is slated for March 2027, where investors will gauge margin performance against the 30% target. With the share price near its 52‑week peak, market sentiment remains cautiously optimistic.