Skipper Q3 net profit rises 31pc to Rs 29 crore

Infrastructure company Skipper Ltd today posted a 31.5 per cent year-on-year rise in net profit to Rs 29 crore for the quarter ended December 2017.

Net sales of the Kolkata-based company for the October-December period stood at Rs 566.42 crore, an increase of 33 per cent over the corresponding period a year ago.

Interest burden during the reporting quarter was lower at Rs 17.63 crore.

The company also said it secured new orders worth Rs 525 crore in the three months ended December.

"Skipper delivered yet another strong quarter with fresh orders worth Rs 525 crore of engineering products, despite global headwinds from projects of Power Grid Corporation of India Ltd (PGCIL)," Director Sharan Bansal said.