Slide 1: Exchange filing cover letter
Date: 7th November, 2025 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Symbol- SKIPPER Subject:
Slide 2: Q2 & H1'26 Investor Presentation
SEIZING THE MULTI DECADAL OPPORTUNITY Positioned to Power Growth in the Global Transmission sector Q2 & H1’26 - INVESTOR PRESENTATION November 2025
Slide 3: Table of Contents
Table of Contents 1. Q2 & H1 FY ’26 Performance Highlights 2. Company overview 3. Key Strengths ` 4. Industry Overview 5. Financial Trends 6. ESG, Awards & Recognition
Slide 4: Performance & Financial Highlights – Q2 & H1 '26
Performance & Financial Highlights – Q2 & H1 ’26
Slide 5: Director Speaks – Strong Momentum & Record Performance
Director Speaks – Strong Momentum & Record Performance Strong Start to FY26 • Achieved highest-ever Q2 revenue and record quarterly EBITDA “We are pleased to report a strong first half, achieving our highest-ever • 14% YoY revenue growth driven by robust execution in second-quarter revenue and recor
Slide 6: Financial Performance Q2 FY'26
Financial Performance Q2 FY’26 Rs in Mn YoY Sl Profit & Loss Summary Q2 FY’26 Q2 FY’25 Change % Q1 FY’26 1 Revenues 12,617.9 11,097.4 13.7% 12,538.6 2 Reported EBITDA 1,306.9 1,124.4 16.2% 1,271.7 EBITDA Margins (%) 10.4% 10.1% +30 Bps 10.1% 3 (+) Other Income 40.7 33.7 32.8 4 (-) Depreciation 190.0
Slide 7: Financial Performance H1 FY'26
Financial Performance H1 FY’26 Rs in Mn YoY Sl Profit & Loss Summary H1 FY’26 H1 FY’25 Change % 1 Revenues 25,156.5 22,014.8 14.3% 2 Reported EBITDA 2,578.6 2,171.0 18.8% EBITDA Margins (%) 10.3 % 9.9% +40 Bps 3 (+) Other Income 73.5 67.3 4 (-) Depreciation 367.1 294.3 5 (-) Finance Cost 1,065.2 1,0
Slide 8: Business Update – Q2 FY'26
Business Update– Q2 FY’26 Revenue Performance Highlights Company registered its highest-ever second quarter revenue of Rs 12,618 million on back of strong execution in Engineering & Polymer business segments, achieved growth of 13.7 % over previous year quarter The engineering business achieved its
Slide 9: Business Update – H1 FY'26
Business Update– H1 FY’26 Revenue Performance Highlights Achieved its best ever half year revenue performance; Revenue of H1 Fy’26 increased to Rs 25,156 million against Rs 22,015 million in H1 FY’25, registering a growth of 14 % Engineering business segment achieved its best ever first half Revenue
Slide 10: Other Major Update
Other Major Update Capacity Expansion & New Facilities ❑ New capacity of 75,000 MTPA is now fully operational, with commercial production commenced. An additional 75,000 capacity MTPA capacity addition already underway , Company aims to attain capacity of 6 lac MTPA by Fy'28 end ❑ Commissioned the s
Slide 11: Segment Report
Segment Report Segment Profit & Loşs Summary Q2 FY’26 Q2 FY’25 Change % H1 FY26 H1 FY’25 Change % Net Sales 9,973.7 8,456.4 17.9% 20,221.5 16,742.6 20.8% Engg Products EBITDA 1,171.3 967.2 21.1% 2,333.8 1,877.2 24.3% Polymer 10% % of Sales 11.7% 11.4% 11.5% 11.2% Net şales 1,153.5 1,041.4 10.8% 2,42
Slide 12: Key Performance highlights
Key Performance highlights Rs in Million Stand Alone - Revenue EBITDA & Margin PBT before exceptional & Margin Rs in Mn + 14 % + 16 53 % + 37 % 1,272 1,307 598 622 12,539 12,618 1,124 10.4% 11,097 4.8% 4.9% 10.1% 10.1% 454 4.1% Q2 FY'25 Q1 Fy'26 Q2 FY '26 Q2 FY'25 Q1 Fy'26 Q2 FY '26 Q2 FY'25 Q1 Fy'2
Slide 13: Order Book Highlights
Order Book Highlights Geographical Breakup ₹ 88,204 Mn ₹ 32,205 Mn Highest ever closing ₹ 12,430 Mn H1’ 26 New Order Inflows Orderbook as of Sep 2025 New Orders in Q2 FY26 Up 33% YoY Export Up 34% YoY Domestic 11% 89% ✓ ✓ ✓ Domestic contracts International Share of non-T&D from PGCIL and contracts a
Slide 14: Order Inflow Trend
Order Inflow Trend H1 Fy’26 Total Inflow – Rs 32,205 Mn, up 33% YoY Trail 12M Total Inflow – Rs 61,307 Mn 28,639 Secured highest ever H1 order inflow of Rs 32,205 mn 19,774 Rs mn 16,599 15,920 15,286 13,182 12,430 12,148 11,405 7,652 4,534 5,010 4,605 4,225 4,027 4,097 4,016 2,710 Q1 Q2 Q3 Q4 Q1 Q2
Slide 15: Efficient Debt Management
Efficient Debt Management Stand Alone - Debt Details Inc / (Dec) 30.09.25 30.09.2024 31.03.2025 YOY Long Term Debt 3,044 2,943 101 2,317 Current Maturities of Long 764 751 13 754 Term Debt Total Long Term Debt 3,808 3,694 114 3,071 Short Term Debt 3,894 3,662 232 3,944 Gross Debt Level 7,702 7,356 3
Slide 16: Stand Alone - Performance & Leverage Ratios
Stand Alone - Performance & Leverage Ratios Particulars 30.09.25 30.09.24 31.03.25 Working Capital Ratios (+) Inventory Days 82 118 95 (+) Debtor Days 95 64 62 (-) Trade Payable Days (Excluding 68 61 62 acceptances) Net Working Capital Days (Excl. Bills Payable) 109 121 95 Leverage Ratios Debt Equit
Slide 17: Performance Guidance – FY'26
Performance Guidance – FY’26 Revenue & Margins ▪ Revenue Growth : Targeting 25% YoY growth , driven by strong execution momentum across ongoing projects and delivery efficiencies.. ▪ Operating Margin Expansion : Expected to improve from current levels ; driven by higher-quality power T&D contract ex
Slide 18: Inflection Point with Growth Ahead
Inflection Point with Growth Ahead Well-positioned to capture long-term industry tailwinds and to be a proxy play on China +1 theme for export markets Focus on strengthening EHV Market share through capacity expansion and focus on R&D initiatives Skipper is well positioned to seize the multi - decad
Slide 19: Company Overview
Company Overview
Slide 20: Key Management
Key Management Whole Time Directors Sajan Kumar Bansal Sharan Bansal Devesh Bansal Siddharth Bansal Yash Pall Jain Chairman and Managing Director Director Director Director Director Independent Directors Mr. Ashok Bhandari Mrs. Richa M Goyal Mr. Raj Kumar Patodi Mr. Pramod Shah Mr. Desh Raj Dogra In
Slide 21: Our Journey – a legacy of 4+ decades
Our Journey – a legacy of 4+ decades - Commissioned one of India’s largest Tower & Monopole Load Testing Station - Set up DSIR approved R&D Centre 2020 2024 - Commissioned our first Transmission line EPC - Secured 9 projects from project 400 KV Panchkula Patiala for PGCIL PGCIL, including 8 key - Di
Slide 22: Key Strengths
Key Strengths
Slide 23: Key USP & Highlights
Key USP & Highlights • India’s largest (top 10 globally) integrated T&D tower structures manufacturer • Experienced Promoter with 4 decades of expertise in the manufacturing business Market Leadership • One of the largest manufacturers of T&D structures with tower testing facilities to serve their g
Slide 24: Diverse Product Portfolio (1/2)
Diverse Product Portfolio (1/2) We manufacture a range of Power Transmission structures, Telecom Towers, and Railway Electrification Infrastructure Engineering Infrastructure Power Transmission Railway Structures Power Distribution MS & High Tensile Tower & Substation EPC Telecom EPC Tower Poles Ang
Slide 25: Diverse Product Portfolio (2/2)
Diverse Product Portfolio (2/2) Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share. Polymer ✓ One of the largest manufacturer of ✓ Leveraging Economies of Scale in polymer pipes and fittings produ
Slide 26: Core Competencies in Manufacturing
Core Competencies in Manufacturing Integrate manufacturing facilities with advanced technology ✓ ✓ In-House Availability of Automated State-of-the-Art Products, Accessories, and Equipment Technical Services ✓ Value Optimization through ✓ Engineering and Design Single location plant leading Excellenc
Slide 27: Manufacturing Value Chain
Manufacturing Value Chain Our Value Chain Scale & Size Steel Billets & blooms as Wire Rod as Input input Strategic location Manufacture MS & HT Manufacture Bolts & Manufacture D-shackles & Angles Nuts Hangars Backward integration Competitive Advantage Fabricate & Galvanize Complete EPC Line Construc
Slide 28: Powering growth through R&D
Powering growth through R&D Leading through innovation • We have strengthened our innovation capabilities backed by our Tested towers & monopoles talented designing and R&D teams. • In-house research & development Centre - Howrah, West Bengal 765 kV D/C 500 kV D/C 220 kV Tower Tower D/C Tower • DSIR
Slide 29: A New Milestone – Second Tower Test Bed Commissioned
A New Milestone – Second Tower Test Bed Commissioned Skipper Limited Unveiled Dual Transmission Tower Test Beds Skipper Limited recently launched two fully independent Transmission Tower Test Beds at a single location — a first-of- its-kind setup engineered for full-scale testing of Lattice Towers a
Slide 30: Strong Global presence
Strong Global presence Exporting to 26 % 50+ countries H1’26 Export contribution to Engineering Segment Revenue 24.5% 9,321 mn FY22-FY25 Export Revenue Share of Exports in Sep FY26 Africa South America Middle East South and SE Asia CAGR Orderbook (Rs mn) 18 9 7 9 North America Oceania Europe 3 2 6 W
Slide 31: Industry Overview
Industry Overview
Slide 32: Power T&D Lines a Multi Decadal Opportunity
Power T&D Lines a Multi Decadal Opportunity Addition of 7.4 mn of transmission lines Global grid investment to nearly double in Asia pacific and North America continue to hold globally till CY50 next 5 years lion’s share with 70% of total investments Region wise split of CY24-29 investment (USD 3,05
Slide 33: Power T&D super-cycle underway in India
Power T&D super-cycle underway in India ➢ The GOI (combined NEP + State) to add 1.15 lakh ckm of lines in the period FY22-27 and 0.77 lakh ckm of Rs 9.2 tn lines during FY27-32 NEP Capex outlay during ➢ Additionally, 33 GW of HVDC Bipole links are in the process of planning FY22–32 on High Voltage ➢
Slide 34: Importance of New Transmission lines for Renewables
Importance of New Transmission lines for Renewables New transmission lines are a crucial part of our renewable energy future – They ensure reliable, efficient and widespread renewable power supply Resource Location Energy Reliability Grid Integration Capacity Expansion ✓ Many renewable sources are i
Slide 35: Strong tailwinds in Telecom and Railway sector
Strong tailwinds in Telecom and Railway sector Telecom sector in India - 2nd largest Telecom market in the world Growth Drivers for Telecom sector ➢ 2nd largest Telecom market in the world with a subscriber base of ~1.18 bn ➢ Internet penetration up 75% as of CY24 (CY20 -54%) , to reach 86% by CY28
Slide 36: Polymer sector outlook
Polymer sector outlook In India’ CPVC pipes market grow > 2x by CY29rivers Key Growth Drivers Drivers ✓ Government Infrastructure Initiatives 799 • Jal Jeevan Mission to provide tap water connections to all rural households by 2024 251 • AMRUT for sustainable urban development 480 • Housing for All
Slide 37: Consolidated - Financial Trends
Consolidated -Financial Trends
Slide 38: Key Performance highlights
Key Performance highlights Rs in mn Revenue EBITDA & Margin PAT & Margin Rs in Mn CAGR CAGR CAGR 81.11% 39.10% 39.40% 2.49% 3.23% 9.72% 9.73% 9.77% 1.80% 46,244.80 1,493.46 9.83% 1.47% 4,516.58 32,820.43 3,194.34 816.65 17,070.80 19,803.00 1,678.30 1,925.48 355.66 251.47 FY22 FY23 FY24 FY25 FY22 FY2
Slide 39: Profit & Loss - Trend
Profit & Loss - Trend Rs in mn Sl Particulars FY22 FY23 FY24 FY25 1 Revenues 17,070.80 19,803.00 32,820.43 46,244.80 2 Reported EBITDA 1,678.30 1,925.48 3,194.34 4,516.58 EBITDA Margins (%) 9.83% 9.72% 9.73% 9.77% 3 (+) Other Income 40.12 53.17 85.95 195.19 4 (-) Depreciation 484.92 467.80 525.30 63
Slide 40: Segment Report
Segment Report Rs in mn Segment Profit & Loss Summary FY22 FY23 FY24 FY25 Net Sales 13,218.48 15,238.54 22,310.42 35,184.94 Engineering Products EBITDA 1,607.92 1,718.34 2,595.44 3,929.81 EBITDA margin (%) 12.16% 11.28% 11.63% 11.17% Net şales 3,200.21 4,059.49 4,526.38 4,317.41 Polymer Products EBI
Slide 41: Balance Sheet Trend
Balance Sheet Trend Rs in mn Assets FY22 FY23 FY24 FY25 Equity and Liabilities FY22 FY23 FY24 FY25 Non-Current Assets Equity Equity Share Capital 102.67 102.67 105.24 112.85 Fixed Assets (Incl. CWIP) 6,709.31 7,041.05 7,653.99 10,343.62 Other Equity 7,218.64 7,571.46 8,870.96 11,818.18 Other Non-Cur
Slide 42: Shareholding Pattern
Shareholding Pattern Shareholding pattern As on 30th Sep 25 Major Shareholders List Name % [ Foreign The Prudential Assurance Company Ltd 2.07% Portfolio Investors] ] Chartered Finance & Leasing 1.76% Promoters 6.55% 66.48% India Capital Growth Fund (ICGF) / ICG Q 1.68% Ajay Upadhyaya 1.51% William
Slide 43: ESG, Awards & Recognition
ESG, Awards & Recognition iG oe
Slide 44: Environmental, Social and Governance (ESG/1)
Environmental, Social and Governance (ESG/1) Strategic ESG Roadmap & Vision Commitment to Occupational Safety, Health & Wellbeing, and creating a “Zero Harm Culture.” Compliance with stringent domestic and international regulations, alongside internal ESG policies. Environmental Initiatives & Impact
Slide 45: Environmental, Social and Governance (ESG/2)
Environmental, Social and Governance (ESG/2) New Initiatives Steady Progress Toward Net-Zero: Tangible CO₂ reduction achieved through Argon–CO₂ mix in MIG welding and automation- led energy efficiency, saving up to 250 MT of CO₂ annually. Digital Transformation of ESG Monitoring: Real-time digital d
Slide 46: Exhibitions / Trade Fairs – ASCE
Exhibitions / Trade Fairs – ASCE Skipper at the ASCE Electrical Transmission and Substation Structures (ETS) Conference 2025 The ASCE Electrical Transmission and Substation Structures (ETS) Conference was held in Dallas, Texas, from September 14–18, 2025. Sponsored by the Structural Engineering Inst
Slide 47: CSR – Beti Padhao Abhiyaan
CSR – Beti Padhao Abhiyaan Skipper Limited Hosts 7th Edition of Beti Padhao Abhiyaan As part of its continued commitment to education and girl child empowerment, Skipper Limited successfully hosted the 7th edition of its flagship CSR initiative, Beti Padhao Abhiyaan, on 25th July 2025 at the Nationa
Slide 48: Skipper Pipes – 100% Lead Free Campaign
Skipper Pipes – 100% Lead Free Campaign Awarded the Green Pro Certification by CII-IGBC (Indian Green Building Council). Skipper Pipes have been certified with highest standard of NSF 14. Investor Presentation | Nov 2025 47
Slide 49: Social and Environment Initiatives (1/2)
Social and Environment Initiatives (1/2) Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with S
Slide 50: Social and Environment Initiatives (2/2)
Social and Environment Initiatives (2/2) Investor Presentation | Nov 2025 49
Slide 51: Recognition
Recognition Recognized Great place to work 3 years consecutively BRITISH SAFETY COUNCIL RECOGNIZED GREAT PLACE INTERNATIONAL SAFETY PREMIUM MEMBER 2025 TO WORK AWARD 2025 ASSOCHAM AWARD ET ENTREPRENEUR AWARD EMERGING EPC PLAYER AWARD 2025 2025 BY POWERGRID 2024 Investor Presentation | Nov 2025 50
Slide 52: Disclaimer
DISCLAIMER This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or an offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Di