Skipper India Expansion and Performance
SKIPPER BUSINESS REPORT CARD
Limited
The reason for decline in Q3
Q3 Revenue impacted
Financial Performance Q3 FY 19
Rs in Mn
•
Consciously slowed down supplies to the
customer unwilling to give secured payment
terms
SI
Profit & Loss Summary
Q3 FY'19
Q3 FY'18
Slower Project Execution; Sites not ready for
want of Govt Approvals.
1
Net Revenue (Excl Excise Duty)
4,348.2
5,664.2
• Lack of short term orders in market
2
•
Structural changes undergoing
Operating EBITDA (without Forex)
270.6
579.2
implementation in Polymer Segment
Profitability Margins impacted
% of Net Revenue
6.2%
10.2%
3
Depreciation
85.2
117.6
Higher incidence of Fixed cost getting
absorbed on reduced sales
4
Interest Expenses
235.0
176.3
Sustained high raw material prices of both
Steel & Zinc for most part of the quarter had its
5
Other Income
3.5
3.3
impact on Fixed Price contracts
•
Slow off take and delay in execution of T&D
6
Operating PBT (2-3-4+5)
(46.1)
288.6
projects - led to lower utilisation of plant
capacities.
7
Forex Gain / Loss
151.3
161.6
•
Increase in working capital borrowing on
account of reduced payables
Profit Before Tax (Reported PBT) (6+7)
105.2
450.2
Management ideology of not chasing growth
9
Tax
40.6
158.2
at the cost of financial discipline will be
maintained and adhered.
10
Profit After Tax (Reported PAT) (8-9)
64.6
292.0
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