Skipper Q2 FY27 Results: Consolidated Net Profit ₹58.04 Crore on Total Income of ₹1,386 Crore
Earnings
fasteners
Blacklitt Research3 min read
Ron Clausen, via Wikimedia Commons (CC0). Illustrative image.
Skipper (NSE: SKIPPER) said in a filing on 30 Oct 2026 that for the quarter ended 30 Sep 2026 its consolidated total income was ₹1,385.59 crore and net profit was ₹58.04 crore, and its standalone total income was ₹1,385.59 crore and net profit was ₹57.47 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,385.59 crore, up 9.5% YoY and 5.4% QoQ
Net profit: ₹58.04 crore, up 56.8% YoY and 2.2% QoQ
Basic EPS: ₹4.87, up 48.5% YoY and down 3.2% QoQ
Finance costs: ₹44.00 crore, down 17.8% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹1,385.59 crore, up 9.5% YoY and 5.4% QoQ
Net profit: ₹57.47 crore, up 55.8% YoY and 1.8% QoQ
Basic EPS: ₹4.82, up 47.4% YoY and down 3.6% QoQ
Finance costs: ₹44.00 crore, down 17.9% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,385.59
1,265.86
+9.5%
1,314.25
+5.4%
Revenue from operations
1,383.98
1,261.79
+9.7%
1,309.83
+5.7%
Other income
1.62
4.07
-60.3%
4.41
-63.3%
58.04
37.03
+56.8%
56.81
+2.2%
Profit before tax
78.21
51.65
+51.4%
75.99
+2.9%
Finance costs
44.00
53.56
-17.8%
46.69
-5.8%
Depreciation
24.81
19.00
+30.5%
22.18
+11.8%
Tax expense
20.17
14.62
+37.9%
19.18
+5.2%
Net profit margin
4.19%
2.93%
+1.26 pp
4.32%
-0.13 pp
EPS, basic (₹)
4.87
3.28
+48.5%
5.03
-3.2%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 56.8% YoY to ₹58.04 crore, faster than total income, which rose 9.5%, and faster than profit before tax, which rose 51.4%. Against Q1 FY27 net profit rose 2.2%, slower than total income, which rose 5.4%.
Finance costs fell 17.8% YoY to ₹44.00 crore, which is 3.2% of total income this quarter, while depreciation rose 30.5% to ₹24.81 crore. Tax expense of ₹20.17 crore is 25.8% of profit before tax of ₹78.21 crore.
The year-earlier quarter, ended 30 Sep 2025, carried exceptional items, and the quarter ended 30 Sep 2026 shows none. Other income of ₹1.62 crore fell 60.3% from ₹4.07 crore and is 2.1% of profit before tax this quarter.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,385.59
1,265.86
+9.5%
1,314.25
+5.4%
Revenue from operations
1,383.98
1,261.79
+9.7%
1,309.83
+5.7%
Other income
1.62
4.07
-60.3%
4.41
-63.3%
57.47
36.89
+55.8%
56.47
+1.8%
Profit before tax
77.64
51.52
+50.7%
75.65
+2.6%
Finance costs
44.00
53.56
-17.9%
46.69
-5.8%
Depreciation
24.81
19.00
+30.5%
22.18
+11.8%
Tax expense
20.17
14.62
+37.9%
19.18
+5.2%
Net profit margin
4.15%
2.91%
+1.23 pp
4.30%
-0.15 pp
EPS, basic (₹)
4.82
3.27
+47.4%
5.00
-3.6%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 55.8% YoY to ₹57.47 crore, faster than total income, which rose 9.5%, and faster than profit before tax, which rose 50.7%. Against Q1 FY27 net profit rose 1.8%, slower than total income, which rose 5.4%.
Standalone finance costs fell 17.9% to ₹44.00 crore. Tax expense of ₹20.17 crore is 26.0% of profit before tax of ₹77.64 crore, and other income of ₹1.62 crore is 2.1% of that profit before tax.
In the quarter, standalone revenue from operations was ₹1,383.98 crore. Engineering Products reported segment revenue of ₹1,040.38 crore, Polymer Products ₹128.16 crore and Infrastructure Projects ₹215.44 crore. For the half year ended 30 Sep 2026, standalone revenue from operations was ₹2,693.81 crore and consolidated profit for the period was ₹114.86 crore.
Inference
The board approved the acquisition of 100% of the equity of Sansha Fastener Private Limited, which would then be a wholly owned subsidiary. The company says the purpose is to add fastener capacity in South India to its existing fasteners business. The consideration is ₹15.50 crore, paid through banking channels and subject to an MOU or share purchase agreement, with an indicative completion date of 31 Dec 2026.
The target's turnover was ₹2.08 crore in FY 2023-24, ₹4.66 crore in FY 2024-25 and ₹6.93 crore in FY 2025-26, a rise of 48.7% in the latest year. The filing says no governmental or regulatory approvals are required and that the promoter group has no interest in the target. The results carry a limited review report from JKVS & Co., statutory auditors. The company's market value was ₹5,560 crore at the 30 Oct 2026 close of ₹492.50 a share.
The filing does not say how the ₹15.50 crore will be funded or what the exceptional items in the year-earlier quarter were.
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