Integrated Filing — IndAS



General information about company

Scrip Code 538562
NSE Symbol SKIPPER
MSEI Symbol NOTLISTED
ISIN INE439E01022
Name of company SKIPPER LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-01-2026   12:00:00
End date and time of board meeting 29-01-2026   13:20:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 1,37,059.10 3,88,624.00
Other income 166.00 900.80
Total income 1,37,225.10 3,89,524.80
2 Expenses
(a) Cost of materials consumed 88,992.90 2,51,333.10
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (3,824.30) (2,494.10)
(d) Employee benefit expense 7,144.70 19,471.70
(e) Finance costs 5,606.20 16,258.60
(f) Depreciation, depletion and amortisation expense 2,156.90 5,827.50
(f) Other Expenses
1 Labour, Stores and other project expenses 18,978.40 46,216.00
2 Other Expenses 11,627.40 34,171.80
Total other expenses 30,605.80 80,387.80
Total expenses 1,30,682.20 3,70,784.60
3 Total profit before exceptional items and tax 6,542.90 18,740.20
4 Exceptional items 0.00 (1,067.90)
5 Total profit before tax 6,542.90 17,672.30
6 Tax expense
7 Current tax (1,014.20) 1,816.50
8 Deferred tax 2,540.20 2,683.80
9 Total tax expenses 1,526.00 4,500.30
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5,016.90 13,172.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 5,016.90 13,172.00
17 Other comprehensive income net of taxes 2,992.30 3,458.50
18 Total Comprehensive Income for the period 8,009.20 16,630.50
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,145.10 1,145.10
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.41 11.63
Diluted earnings (loss) per share from continuing operations 4.41 11.63
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.41 11.63
Diluted earnings (loss) per share from continuing and discontinued operations 4.41 11.63
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above standalone financial Results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 29th January, 2026. The Statutory Auditors have carried out limited review of the above financial results. 2. Pursuant to the notification issued by the Ministry of Labour and Employment, the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the New Labour Codes) became effective from 21st November 2025. The Company has reassessed its employee benefit obligations in accordance with the revised definition of wages. Accordingly, an incremental liability on account of past service cost in accordance with IND AS 19 - Employee Benefits , amounting of' Rs.47.89 million has been charged to the Profit and Loss Account under the head Salary & Wages for the quarter and nine months ended 31st December, 2025. The Company continues to monitor developments relating to the implementation of the New Labour Codes and will review its estimates and assumptions on an ongoing basis. 3.The Company disputed the levy of entry tax from FY 2013-14 to 2017-18, which was also set aside by Supreme Court earlier, being unconstitutional and void. However, on 30th January, 2025, the division bench of the Hon'ble High Court of Calcutta overturned all the previous decisions. During the quarter ended Sep’25, this disputed entry tax amounting to Rs. 142.39 millions has been fully settled under the West Bengal Sales Tax (Settlement of Dispute) Rules, 1999 at Rs. 106.79 million (i.e. 75% of the total disputed amount) and received a waiver of interest, late fee and penalty. The same has been disclosed as an exceptional item for the quarter ended Sep’25 and nine month ended Dec’25. 4.During the quarter ended 31st Dec 2025, the Company has entered into certain “Commodity Hedge contracts” (derivative contracts) and designated the same under “Hedge Accounting” as required by IndAS 109 “Financial instruments”. The effective portion of changes in fair value of these derivatives amounting to Rs. 401.50 million for the quarter and Rs. 467.04 million for the nine months ended Dec’25 have been recognized in “other comprehensive income” and accumulated in “Cash Flow Hedge Reserve” within Other Equity. 5.In pursuant to its Board Meeting on October 28, 2024, the company made a first and final call to eligible equity shareholders for the Rights Issue approved during the financial year 2023-24. The Call money was fully received, except for 33,198 equity shares. The Board of Directors approved forfeiture of these shares on 7th November, 2025, and they were subsequently forfeited in the current quarter ending Dec'25. 6.Previous year/periods figures have been regrouped or rearranged, wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Engineering products 1,08,812.70 3,11,027.70
2 Polymer Products 10,437.70 34,691.70
3 Infrastructure Projects 17,808.70 42,904.60
Total Segment Revenue 1,37,059.10 3,88,624.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 1,37,059.10 3,88,624.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Engineering products 12,815.30 36,582.80
2 Polymer Products 274.00 1,021.70
3 Infrastructure Projects 907.70 2,135.70
Total Profit before tax 13,997.00 39,740.20
i. Finance cost 5,456.20 15,738.30
ii. Other Unallocable Expenditure net off Unallocable income 1,997.90 6,329.60
Profit before tax 6,542.90 17,672.30
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Engineering products 2,59,504.40 2,59,504.40
2 Polymer Products 55,242.20 55,242.20
3 Infrastructure Projects 70,270.70 70,270.70
Total Segment Asset 3,85,017.30 3,85,017.30
Un-allocable Assets 21,761.00 21,761.00
Net Segment Asset 4,06,778.30 4,06,778.30
4 Segment Liabilities
Segment Liabilities
1 Engineering products 1,24,666.80 1,24,666.80
2 Polymer Products 14,040.00 14,040.00
3 Infrastructure Projects 35,976.70 35,976.70
Total Segment Liabilities 1,74,683.50 1,74,683.50
Un-allocable Liabilities 97,150.10 97,150.10
Net Segment Liabilities 2,71,833.60 2,71,833.60
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to Statement of Profit & Loss (16.20) (48.60)
Total Amount of items that will not be reclassified to profit and loss (16.20) (48.60)
2 Income tax relating to items that will not be reclassified to profit or loss (4.00) (12.20)
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to Profit & Loss 4,015.00 4,670.40
Total Amount of items that will be reclassified to profit and loss 4,015.00 4,670.40
4 Income tax relating to items that will be reclassified to profit or loss 1,010.50 1,175.50
5 Total Other comprehensive income 2,992.30 3,458.50





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 19-02-2024
Amount Raised 19,918.00
Report filed for Quarter ended 31-12-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable India Ratings and Research Private Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review NO COMMENT
Comments of the auditors, if any NO COMMENT
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details

Name of signatory ANU SINGH
Designation of person Company Secretary and Compliance Officer
Place KOLKATA
Date 29-01-2026