Skipper Ltd Q3 net jumps 10% to Rs 19 cr

Skipper Ltd, which is engaged in manufacturing of PVC pipes and transmission towers has reported 9.55 per cent rise in net profit to Rs 18.69 crore for the third quarter ended December 31.
The company had posted a net profit of Rs 17.06 crore in the year-ago period, it said in a BSE filing.
The income from operations during the quarter increased to Rs 371.77 crore from Rs 322.74 crore in the year-ago period.
The company's managing director Sajan Kumar Bansal said: "We are proud to announce a Rs 1,000 crore gross turnover in the first 9 months with our asset light and low capex business structure. In the backdrop of conducive government policies in the power sector, Skipper Ltd has witnessed a 22 per cent revenue growth in the first nine months of the financial year."

Skipper will keep focusing on both national and international markets by expanding manufacturing capacity in the upcoming quarter, Bansal said.
In a separate BSE filing, the company said that it proposes to commence production of PVC products at its new unit in Sikandrabad, Uttar Pradesh from tomorrow.
This is the company's fourth manufacturing unit for PVC products after Kolkata, Ahmedabad and Assam, taking the company's combined installed capacity for PVC products to 35,000 million tonnes.